■ Analysis · July 17, 2026
Procter & Gamble Extends Dividend Growth Streak to 70 Years
P&G raised its dividend for the 70th consecutive year in April, joining an elite group of five other companies with such a long record of annual increases.
70 Years of Dividend Growth
Procter & Gamble (NYSE: PG) increased its quarterly dividend by 3% to $1.0885 per share in April 2025, marking the 70th consecutive year of dividend growth. Only five other publicly traded companies have achieved a comparable streak. The company has paid dividends without interruption since its incorporation in 1890—136 consecutive years. In fiscal 2026, P&G expects to distribute approximately $10 billion in dividends and repurchase roughly $5 billion in shares.
Business Resilience Drives Payouts
The durability of P&G's product portfolio—including Tide, Pampers, and Gillette—supports its consistent payouts. In the fiscal 2026 third quarter (ended March 31, 2025), organic sales rose 3% year over year, and core earnings per share increased 3% to $1.59. Management maintained its full-year outlook despite tariff-related costs. The stock trades near $148, yielding about 2.9%. The dividend payout ratio over the past 12 months is approximately 63% of earnings, leaving room for future increases. Shares trade at roughly 21 times earnings.
Dividend History and Coverage
P&G's dividend history shows a reliable pattern of annual increases. The company's dividend calculator illustrates the impact of reinvesting dividends over time. With a low single-digit organic sales growth rate, the business generates steady cash flow that covers the dividend well.
What it means for income investors
P&G offers a nearly 3% yield backed by one of the longest dividend-growth streaks in the market. The payout is well covered by earnings, and the company's history suggests it can sustain increases through various economic conditions.
Reporting based on: The Motley Fool. Figures verified against market data where available.