After the market close today, Procter & Gamble (PG) announced the company's quarterly dividend will be increased 10% to 44 cents per share versus 40 cents per share in the same quarter last year. The increase is in line with the company's 10-year historical dividend growth rate of 9.8%.
- The projected payout ratio is 43% based on the June 2010 year end earnings estimate of $4.07. The company is estimated to earn $4.23 per share for the year ending June 2009. The 5-year average payout ratio is approximately 40%.
- P&G carries an A+ S&P Earnings and Dividend Quality Ranking.
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