For the 54th consecutive year, Procter & Gamble (PG) announced it is increasing the company's quarterly dividend. The new quarterly dividend increases 9.5% to 48.18 cents per share versus 44 cents per share in the same period last year. The estimated payout ratio will equal 48% based on June 2011 estimated earnings of $4.05. The 5-year average payout totals approximately 42%. P&G carries an A+ S&P Earnings and Dividend Quality Ranking.
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Disclosure: long interest in PG
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