Tuesday, April 20, 2010

Procter & Gamble Increases Dividend 9.5%

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.

Disclosure: long interest in PG

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