In my purchases to date post late last week I pointed out the fact that I can't wait to receive my next dividend raise. I failed to realize when drafting that post that consumer products giant Procter & Gamble (PG) which makes products like Pampers (my favourite), Crest, and Bounty was due to increase my annual pay.
Well, Procter & Gamble (PG) anted up as expected. They gave shareholders a 14% raise, as they hiked their quarterly dividend from $0.35 to $0.40 per share. A great raise, and I didn't even show up for work!
Here is Procter's recent dividend history;
2004 - $0.98
2005 - $1.09
2006 - $1.21
2007 - $1.36
2008 - $1.55 (estimated)
PG has raised their dividend for 52 straight years. It's a great day for shareholders of the makers of Always, Old Spice, and Tampax!