189-year-old Dividend King unveils $10 billion payout plan

Procter & Gamble has been paying dividends for much than a century. In 2026, it made 1 of its biggest shareholder commitments ever.

The Dow Jones Dividend King is the user goods elephantine down Tide, Pampers, Gillette, and dozens of different household brands.

It precocious disclosed plans to pay retired astir $10 cardinal successful dividends successful fiscal twelvemonth 2026 alone.

Moreover, P&G (PG) expects to bargain backmost astir $5 cardinal successful institution stock, bringing full currency returned to shareholders to $15 cardinal for the year.

That's a important number. And it's coming astatine a clip erstwhile P&G's maturation has slowed, and the institution is moving hard to get backmost connected track.

Founded successful 1837 — yes, 189 years agone — Procter & Gamble is 1 of the oldest publically traded companies successful America. But property isn't what makes it basal retired to dividend investors. Consistency is.

P&G has raised its dividend for 69 consecutive years.

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That puts it firmly successful the elite "Dividend King" category, which requires astatine slightest 50 consecutive years of increases. Very fewer companies ever scope that milestone.

The dividend presently sits astatine $4.23 per stock annually, paid retired quarterly astatine $1.06 per share.

• Annual dividend: $4.23 per share

• Dividend yield: Approx. 2.6% (as of precocious February 2026)

• Consecutive years of dividend increases: 69

• Dividend outgo frequency: Quarterly

• Payout ratio: About 65% (FCF-based)

• 20-year dividend maturation rate: Approx. 6.3% annually

• Planned fiscal 2026 full dividend payout: About $10 billion

A payout ratio astir 65% is considered healthy. It means P&G is returning coagulated income to investors without stretching itself excessively thin.

P&G's caller results archer a mixed story. The institution had a unsmooth commencement to fiscal twelvemonth 2026, though absorption says the worst is down it.

Core net per stock came successful astatine $1.88 successful the astir caller quarter, which was level twelvemonth implicit year.

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Organic income maturation slowed successful the U.S. market, dragged down by a pugnacious examination period. (The anterior twelvemonth saw antithetic user stockpiling tied to larboard strikes and hurricanes.)

Chief Financial Officer Andre Schulten offered further detail.

Outside the U.S., things look better. Markets crossed Latin America are increasing astatine a precocious single-digit clip. Almost each regions extracurricular the U.S. grew oregon accelerated successful the archetypal fractional of fiscal 2026.