Today Procter & Gamble (PG) announced it was increasing its quarterly dividend 12.9%. The quarterly dividend increases to 35 cents per share versus the prior year's quarterly dividend of 31 cents.
- PG's 12.9% dividend increase exceeds the 5-year historical growth rate of 11%.
- The projected dividend payout ratio, based on forward four quarters earnings, equals 42%. This payout rate is in line with PG's historical dividend payout ratio.
- PG has an S&P Earnings and Dividend Quality Ranking of A.
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