Procter & Gamble’s board declared a quarterly dividend of $1.0885 per share at the company’s annual meeting on October 13, keeping one of the longest payout streaks in American finance intact. P&G has now raised its dividend for 70 consecutive years and has paid one for 136 straight years.
Key numbers for PG holders
| Item | Detail |
|---|---|
| Quarterly dividend | $1.0885 per share |
| Annualized dividend | Approximately $4.35 |
| Indicated yield | About 2.8 percent at $157.69 |
| Record date | October 23, 2026 |
| Payment date | On or after November 16, 2026 |
| Consecutive years paying a dividend | 136 |
| Consecutive annual increases | 70 |
Why the record date matters this week
Investors must be holders of record at the close of business on October 23 to receive the November payment. Anyone buying this week should confirm the ex-dividend date with their broker, because shares bought on the record date itself typically do not settle in time to qualify.
The declaration also lands in a busy stretch for the company. P&G will webcast its fiscal first-quarter results on Thursday, October 22, at 8:30 a.m. ET. The dividend applies to both the common stock and the Series A and Series B ESOP Convertible Class A preferred stock.
What fiscal 2026 delivered
P&G closed its 2026 fiscal year with roughly $87 billion in sales. Organic sales grew more than 1 percent, core earnings per share rose 1 percent, and adjusted free cash flow productivity reached 100 percent, according to the company’s annual report.
The fiscal fourth quarter was steadier than the headlines suggested. Adjusted EPS came in at $1.43, two cents above estimates. Revenue of $21.2 billion ran slightly below expectations, and shares now trade around $157.69 with a price-to-earnings ratio near 24.
The company serves around five billion consumers and invests roughly $10 billion a year in marketing. That scale is hard for rivals to match in developed markets, and it underpins the cash flow that funds the dividend.
| Fiscal 2026 checkpoint | Result |
|---|---|
| Full-year sales | About $87 billion |
| Organic sales growth | More than 1 percent |
| Core EPS growth | 1 percent |
| Adjusted free cash flow productivity | 100 percent |
| Fiscal Q4 adjusted EPS | $1.43, two cents above estimates |
Income math for a $100,000 portfolio
At $157.69, $100,000 buys roughly 634 shares. The $4.35 annualized rate turns that position into about $2,760 in yearly dividend income.
| Portfolio size | Approximate shares | Annual dividend income |
|---|---|---|
| $100,000 | 634 | About $2,760 |
| $250,000 | 1,585 | About $6,901 |
| $500,000 | 3,171 | About $13,802 |
Only a handful of companies have raised their dividend for 70 straight years. Abbott Laboratories, another payout stalwart, is at 54 consecutive annual increases. Streaks matter to income investors because they signal a board-level commitment that survives recessions.
Consider a retiree with a $400,000 portfolio who puts 10 percent into P&G. That $40,000 buys about 254 shares, which produce roughly $1,100 in annual dividend income at the new rate. The payout has grown every year since Dwight Eisenhower held the presidency — a reminder that dividend growth compounds quietly over decades.
Risks to watch
- P&G cited heightened competitive activity in the United States and Europe in its fiscal 2026 commentary.
- Volume was flat in the prior fiscal first quarter, leaving pricing and mix to carry sales growth.
- A 10-year Treasury yield near 5.1 percent gives income investors a risk-free alternative that every dividend stock must compete with.
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