Dividend Increase Announcement
On April 12th, Procter & Gamble announced a dividend increase of 5%. This will increase their dividend per quarter from $0.8698 to $0.9133. It is payable on May 16th for shareholders of record on April 22nd. The new quarterly dividend represents an annualized dividend amount of $3.65 per share as compared to the current annualized dividend amount of $3.48 per share.
Procter & Gamble Dividend Information
Annual Dividend: $3.65
Dividend Yield: 2.3%
Dividend Growth History: 66 years
Dividend Increase Effect
I am currently holding 7.716 shares of Procter & Gamble in the More Dividends portfolio. With this 5% increase it will add an additional $1.34 to my projected annual dividend income and this doesn’t even take into account the compounding factor!
Current Stock Position
P&G has been a great position for me. Since, I started the position it has doubled in value which has been really nice. Unfortunately, I have not been able to add any to this position since I very first started it. For now, I will just hold the position and let the dividends reinvest. Hopefully I will be able to add more shares one day.
Regardless of how large or small, I love all dividend increases. That is how we end up with More Dividends 😉
Do you currently hold any stock in Procter & Gamble? What do you think of this dividend increase? Just let me know in the comments.
As always I look forward to reading all of your comments and questions, until then….. happy investing!
-Jason from MoreDividends.com
Recent Dividend Increases in Portfolio
Coca Cola Increases Their Dividend by 10% in 2022 !!!
Walmart Increases Their Dividend by 2% in 2022 !!!
Realty Income Increases Their Dividend by 0.2% in 2022 !!!
Be sure and follow me on your favorite social media platform:
If you would like to receive an email whenever I publish a new article: