P&G's Unbroken Dividend Streak: 70 Years Strong
Procter & Gamble (PG) has maintained its streak of annual dividend hikes for an impressive 70 consecutive years, making it one of the most reliable dividend stocks in the market.
This achievement is matched by only one other company, and P&G's yield may not be the highest at 3%, but its history of steady growth more than makes up for it. In fact, over the past decade, the annual dividend payout has increased from $2.66 to $4.26 per share, representing an average annual growth rate of around 4.8%.
A $25,000 investment in P&G would generate approximately $187 in quarterly dividend income or around $750 annually, which may not be spectacular but is still a respectable return.
The company's consistent marketability and strong brand portfolio, including household names like Tide, Bounty, and Pampers, contribute to its ability to maintain this remarkable streak.