Hello readers, good news from P&G (PG).
CINCINNATI–(BUSINESS WIRE)–The Board of Directors of The Procter & Gamble Company (NYSE:PG) declared an increased quarterly dividend of $0.6896 per share on the 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, 2017, to Common Stock shareholders of record at the close of business on April 21, 2017, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on April 21, 2017. This represents a 3% increase compared to the prior quarterly dividend.
This dividend increase marks the 61st consecutive year that P&G has increased its dividend, demonstrating its commitment to – and extending its long-term track record of – returning cash to shareholders.
With this dividend hike, YOC of my position in PG has increased to 3.5% from 3.4%.
Disclosure: Long PG