Procter & Gamble Increases Their Dividend by 6% in 2020

Dividend Increase Announcement

On April 14th, Procter & Gamble announced a dividend increase of 6%. This will increase their dividend per quarter from $0.7459 to $0.7907. It is payable on May 15th for shareholders of record on April 24th. The new quarterly dividend represents an annualized dividend amount of $3.16 per share as compared to the current annualized dividend amount of $2.98 per share.

Procter & Gamble Dividend Information

Annual Dividend: $3.16
Dividend Yield: 2.73%
Dividend Growth History: 64 years

Dividend Increase Effect On More Dividends

I am currently holding 7.353 shares of Procter & Gamble in the More Dividends portfolio. With this 6% increase it will add an additional $1.32 to my projected annual dividend income and this doesn’t even take into account the compounding factor!

Conclusion

Procter & Gamble is another great company like Johnson and Johnson. I wished that I had bought more P&G when I had the chance. If the price ever drops back to my cost basis then I would love to add to the position. Until then, I will have to be satisfied with collecting a steady growing dividend until then.

That doesn’t sound like such a bad plan.

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 Johnson and Johnson? 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

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