1 Stat That Makes Procter & Gamble Hard to Ignore This September
The consumer staples company has consistently raised its dividend for seven decades now.
Overview
If you're looking for an exclusive club, the one statistic that puts Procter & Gamble (NYSE: PG) in rarified air this autumn is 70 years of consecutive annual dividend increases. In a market chock-full of volatility and hype, and with an increasingly uncertain economy, long-term consistency is hard to ignore right now.
This long history of dividend increases means P&G is a legendary Dividend King, which is a company that has raised its payout every year for at least 50 years. Not only has P&G increased its dividend for that long, but it's also paid a dividend every year since 1890.
Details
Strong financials currently back the company's streak. The stock's dividend yield is nearly 3%, while fiscal year 2026 results indicate the company is committed to maintaining a strong payout ratio and improving earnings per share.
Source
Originally published at www.fool.com.