Tuesday, April 14, 2009

Procter & Gamble Announces 10% Dividend Increase

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.
(click to enlarge)

Procter & Gamble dividend analysis table April 2009
Procter & Gamble stock chart April 2009

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