P&G’s dividend increase of 7% was roughly in line with our expectations of high-single-digit growth.
— Business Wire (Friday, April 13)
“The Procter & Gamble Company (NYSE: PG – News) announced that its Board of Directors declared an increase in the quarterly dividend from $0.525 to $0.562 per share on its Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, payable on or after May 15, 2012 to Common Stock shareholders of record at the close of business on April 27, 2012 and to Series A and Series B Preferred Stock shareholders of record at the start of business on April 27, 2012. This represents a 7% increase compared to the prior quarterly dividend.
P&G has been paying a dividend for 122 consecutive years since its incorporation in 1890. This marks the 56th consecutive year that the Company has increased the dividend.”