Procter & Gamble Increases Quarterly Dividend, Reinforcing Shareholder Commitment
Procter & Gamble (NYSE: PG) has announced a 7% increase in its quarterly dividend, raising the payout from $0.99 to $1.0568 per share. This marks the company’s 68th consecutive annual dividend increase, solidifying its position as a Dividend Aristocrat and reinforcing its long-standing commitment to returning value to shareholders.
The updated dividend will be payable on May 15, 2024, to shareholders of record as of April 19, 2024. On an annualized basis, the new dividend totals $4.2272 per share, reflecting P&G’s sustained financial strength and consistent performance across its global portfolio of consumer goods brands.
For FMCG professionals, this move signals continued robust cash flow and operational discipline from one of the industry’s leading players. P&G has consistently leveraged its scale, brand equity, and innovation to drive growth across categories such as fabric care, personal health, and grooming—enabling it to maintain strong margins and deliver reliable returns to investors despite inflationary pressures and changing consumer behaviors.
This dividend increase comes as the company continues to optimize pricing strategies and invest in productivity improvements, balancing premiumization efforts with volume growth. It also follows a broader trend among leading FMCG firms enhancing shareholder payouts to underscore financial stability amidst macroeconomic uncertainties.
Procter & Gamble’s latest move may prompt competitors and sector peers to revisit their own capital allocation strategies, particularly as stakeholders increasingly prioritize ROI, resilient supply chains, and sustainability-driven growth.