P&G raises dividend for 69th consecutive year

CINCINNATI - Procter & Gamble Co. (NYSE:PG), a leading consumer goods company, announced a dividend increase of five percent on its common and preferred stock, marking a continuation of its long-standing policy of returning cash to shareholders. The new quarterly dividend is set at $1.0568 per share, payable from May 15, 2025, to shareholders of record as of April 21, 2025.

The company's consistent dividend payments date back 135 years since its incorporation in 1890, showcasing a commitment to providing shareholders with reliable income. This latest increase represents the 69th consecutive year that P&G has raised its dividend, underscoring the company's stable financial performance and dedication to its investors.

P&G is known for its broad portfolio of well-known brands such as Always®, Ariel®, Bounty®, and Crest®, serving consumers globally with a focus on quality and trust. The company operates in around 70 countries, maintaining a significant presence in the consumer goods market.

The dividend increase is a key indicator of P&G's financial health and its ability to generate ample cash flow. It also reflects the company's confidence in its future performance and its strategic position within the industry.

This financial news is based on a press release statement from Procter & Gamble.

In other recent news, Procter & Gamble has seen several developments that may interest investors. Truist Securities has raised its 12-month price target for Procter & Gamble to $185, maintaining a Buy rating despite revising down sales and earnings per share estimates for fiscal years 2025 and 2026. Evercore ISI continues to hold an Outperform rating with a $180 price target, reflecting confidence in the company's strategic direction amid market volatility. Meanwhile, Erste Group has upgraded Procter & Gamble from Hold to Buy, citing the company's strong operating margin and projected sales growth for 2025 and 2026. DA Davidson also maintains a positive outlook on Procter & Gamble, highlighting its low direct tariff exposure but acknowledging potential external impacts. On the product front, Procter & Gamble's Cascade brand has launched a new dishwasher detergent formula, Cascade Platinum Plus, aimed at tackling tough dishwashing challenges. The new formula is being promoted by comedian Kenan Thompson and is available nationwide. These recent developments underscore Procter & Gamble's ongoing efforts to adapt to market conditions and consumer needs.

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