P&G raises dividend again

Procter & Gamble raised its quarterly dividend to $1.0885 a share on April 14, extending its streak of annual increases to 70 years. (us.pg.com) The new payout is 3 percent higher than the prior quarterly dividend of $1.0568 a share. It will be paid on or after May 15, 2026, to shareholders of record at the close of business on April 24. (us.pg.com) (pginvestor.com) P&G said it has paid a dividend for 136 consecutive years since its incorporation in 1890. The company framed the increase as part of its cash-return policy for shareholders who rely on regular income. (us.pg.com) The increase lands as P&G heads into its fiscal third-quarter earnings report on April 24, 2026. On its investor relations site, the company said it will webcast that discussion that morning. (pginvestor.com) The backdrop has been slower consumer demand in several of P&G’s biggest categories. In its January 22 second-quarter report, the company said organic sales were flat, volume fell 1 percent, and baby, feminine and family care organic sales fell 4 percent. (us.pg.com) P&G kept its fiscal 2026 sales, core earnings and cash-return guidance in that January report, even as it described conditions as a “challenging consumer and geopolitical environment.” Chief Executive Officer Shailesh Jejurikar said the company expected stronger results in the second half of the fiscal year. (us.pg.com) Outside analysts have described the same pressure more bluntly. CNBC reported on January 22 that demand fell for Gillette razors and Pampers diapers as inflation-weary shoppers looked for deals, especially in the United States. (cnbc.com) P&G raised its dividend by 5 percent in April 2025, marking its 69th straight annual increase at that point. Fiscal 2025 ended with $84.3 billion in net sales and more than $16 billion returned to shareholders through dividends and buybacks. (us.pg.com 1) (us.pg.com 2) This year’s smaller 3 percent increase keeps the streak going as P&G leans on one of the oldest signals in consumer staples: steady cash payments even when volume growth is harder to find. (us.pg.com 1) (us.pg.com 2)