Tuesday, April 8, 2008

Procter's 2008 raise

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!


Dividends4Life said...

MG: PG is a company that I really would like to buy. I will need to rerun their numbers with the latest increase.

BTW, good call on CLX yesterday. I went back and verified S&P;'s numbers and it appears they missed a dividend in 2000 (0.20 + 0.20 + 0.21 = 0.61, thus the errant drop. I am guessing they never picked it back up and all the future dividends were off by a quarter.

At any rate I reworked the analysis and credited you and DGI with the find. Thanks!

Best Wishes,

FinancialJungle said...

Good call on PG. Wish I loaded up some a few months back when it was trading near $65.