Right on schedule, consumer products giant Procter & Gamble (PG) has increased it's dividend by 10% to $0.44/share. I recently bolstered my ownership in Procter back in February, and the company now makes up about 6% of my non-registered portfolio. Always nice to receive a double digit raise in dividend income from a company that is confident about the future.
Here is Procter's recent dividend history;
2004 - $0.98
2005 - $1.09
2006 - $1.21
2007 - $1.36
2008 - $1.55
2009 - $1.72 (estimated)
PG has raised their dividend for 53 straight years. Last year they hiked the pay out by 14%.