Procter & Gamble Declares Quarterly Dividends

One of the most famous and reliable dividend payers on the market is maintaining its long streak of shareholder payouts. Procter & Gamble (NYSE: PG  ) has declared the latest in a great many series of quarterly distributions, committing to a payout of $0.6015 per share of its common stock and its series A and B convertible class A preferred securities. All will be handed out "on or after" Aug. 15 to shareholders of record as of the close of business on July 19 in the case of common stock, and as of the start of business the same day for the series A and B preferreds.

That amount matches P&G's previous set of distributions, which were disbursed in mid-May.

In the press release announcing the news, the company didn't shy away from pointing out that it has paid a dividend for 123 years in a row, increasing that amount for the past 57 of those years.

The just-declared dividends annualize to just under $2.41 per share. That yields 3% at P&G's most recent common stock closing price of $79.57.


Read/Post Comments (0) | Recommend This Article (2)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

Be the first one to comment on this article.

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2529105, ~/Articles/ArticleHandler.aspx, 10/23/2014 2:14:13 PM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...


Advertisement