1 Stat That Makes Procter & Gamble Hard to Ignore This September
If you’re looking for an exclusive club, the one statistic that puts Procter & Gamble (PG -0.33%) in rarified air this autumn is 70 years of consecutive annual dividend increases. In a market chock-full of volatility and hype, and with an increasingly uncertain economy, long-term consistency is hard to ignore right now.
This long history of dividend increases means P&G is a legendary Dividend King, which is a company that has raised its payout every year for at least 50 years. Not only has P&G increased its dividend for that long, but it’s also paid a dividend every year since 1890.Â
Strong financials currently back the company’s streak. The stock’s dividend yield is nearly 3%, while fiscal year 2026 results indicate the company is committed to maintaining a strong payout ratio and improving earnings per share.
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P&G generated more than $87 billion in revenue in its 2026 fiscal year, a 3% improvement from 2025. Earnings per share rose 2% to $6.62 in that same time frame. P&G is nothing if not steady in its ability to generate cash and more than cover its growing dividend.
Moody’s also recently raised P&G’s credit outlook to positive. Essentially saying that P&G’s free cash flow and earnings growth are sustainable and confirming a strong balance sheet.
The stock itself can’t be considered inexpensive, even though the price has declined about 8% in the past year as of this writing. The forward and trailing P/E ratios are both still above 20. The consumer staples sector has also lagged behind the broader market this year. However, that shouldn’t deter an income-focused investor seeking a reliable, growing payout. P&G, with its septuagenarian history of dividend increases, is definitely hard to ignore this month.
Catie Hogan has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.
