How’s your weekend? Last night (Saturday night) I worked during the night and I got my homework done, so today I feel good.
On April 8th, P&G’s board of directors declared a dividend of 66.95 cents a share payable on May 16 to shareholders of record April 18, a 1% increase compared with the prior quarterly dividend. My YOC will stays at 3.4% even with this penny increase in dividend.
While 6o years of consecutive increase of dividend are a great achievement, I cannot help but feel disappointed by 1% increase.
Disclosure: Long PG