Friday, April 17, 2015
PG raises dividend 3% --- New Yield is 3.21% (YAWN)
Today PG announced that it is increasing its dividend 3% from $0.6436 to $0.6629 per share. This is the 59th consecutive year of dividend increases.
The record date is April 27th and the pay date is May 15th.
Since I currently own 124.35 shares my yearly dividends will increase by $9.60.
A 3% yield and a 3% raise...come on??? Well at least they kept the yearly streak alive. I must admit that I am disappointed in the decision, but I guess PG is being cautious right now. Quite honestly this reminds me of GE's paltry raise. Maybe I should manage my expectations better. I would expect something like this out of AT&T, but Procter?? Hmmmm....Better luck next year, I guess.
The next batters up to the plate are JNJ, XOM, CVX, IBM ,and APU. Hopefully they have better news than Procter.