The Procter & Gamble Co. (P&G) declared an increase in the quarterly dividend to 71.72 cents a share. This is a 4% increase compared with the previous quarterly dividend ($0.69). P&G has increased its dividend for the 62nd straight year and the company expects total dividend payments to shareholders of nearly $7.5 billion in fiscal year 2018.
Dividend aristocrat P&G
P&G has a very long history of raising dividends. Not only is it a Dividend Aristocrat, it is a Dividend King as well. The Dividend Kings have increased their dividends for 50+ consecutive years. There are just 23 Dividend Kings, including P&G. P&G has been paying a dividend for 128 consecutive years since its incorporation in 1890.
Business overview
Procter & Gamble Co. is a global player and engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. P&G has reduced to 65 brands, down from 170 previously. Making the company more efficient, with lower costs and higher margins.
Some key ratio’s (04/11/2018) are:
- P/E ratio 20.93
- EPS $3.74
- Dividend yield 3.52%
The company was founded by William Procter and James Gamble in 1837 and is headquartered in Cincinnati, OH.
