Procter & Gamble Has Raised Its Dividend for 70 Straight Years.
Here’s How Much $25,000 Invested Pays Annually
If you’re looking for a well-proven dividend stock, consumer goods name Procter & Gamble (NYSE: PG) is about as good as they come, with 70 consecutive years of annual dividend hikes to its credit. Indeed, only one other company has a longer track record of uninterrupted yearly dividend increases. That streak isn’t apt to end anytime soon, if ever.
But reliable dividend growth is only half the story. How much are income investors actually making with their positions in P&G? Procter & Gamble’s forward-looking dividend yield currently stands at 3%, based on a quarterly payment of $1.0885 per share.