PG Dividend Calculator
Dividend growth rate (CAGR)
| Year | Yield | Div / share | Annual income | Yield on cost | Cumulative income | Portfolio value | Shares |
|---|---|---|---|---|---|---|---|
| 1 | 3.0% | $4.25 | $298.00 | 2.4% | $298.00 | $12,779 | 88.91 |
| 2 | 3.1% | $4.48 | $398.08 | 2.7% | $696.08 | $15,677 | 108.31 |
| 3 | 3.2% | $4.71 | $510.54 | 3.0% | $1,207 | $18,709 | 128.35 |
| 4 | 3.4% | $4.96 | $636.94 | 3.2% | $1,844 | $21,890 | 149.11 |
| 5 | 3.5% | $5.22 | $779.03 | 3.5% | $2,623 | $25,236 | 170.69 |
| 6 | 3.7% | $5.50 | $938.85 | 3.8% | $3,561 | $28,765 | 193.19 |
| 7 | 3.9% | $5.79 | $1,119 | 4.2% | $4,680 | $32,501 | 216.74 |
| 8 | 4.0% | $6.10 | $1,321 | 4.5% | $6,002 | $36,466 | 241.47 |
| 9 | 4.2% | $6.42 | $1,550 | 4.9% | $7,551 | $40,689 | 267.53 |
| 10 | 4.4% | $6.76 | $1,808 | 5.3% | $9,359 | $45,200 | 295.10 |
Year 1-10 dividend income (preview)
Based on a $10,000 initial investment with $200.00 monthly contributions, DRIP on.
Historical dividends per share
Recent dividends
| Ex-date | Cash amount | TTM yield | Fwd yield | Share price |
|---|---|---|---|---|
| 2026-04-24 | $1.09 | 2.9% | 2.9% | $148.18 |
| 2026-01-23 | $1.06 | 3.5% | 2.8% | $150.15 |
| 2025-10-24 | $1.06 | 2.7% | 2.8% | $152.49 |
| 2025-07-18 | $1.06 | 3.3% | 2.7% | $155.10 |
| 2025-04-21 | $1.06 | 2.5% | 2.6% | $165.75 |
| 2025-01-24 | $1.01 | 2.5% | 2.5% | $164.12 |
| 2024-10-18 | $1.01 | 2.3% | 2.4% | $171.28 |
| 2024-07-19 | $1.01 | 2.3% | 2.4% | $167.96 |
| 2024-04-18 | $1.01 | 3.0% | 2.6% | $157.29 |
| 2024-01-18 | $0.94 | 3.2% | 2.5% | $148.14 |
| 2023-10-19 | $0.94 | 3.1% | 2.5% | $148.25 |
| 2023-07-20 | $0.94 | 3.1% | 2.5% | $150.56 |
Source: Polygon.io. Last 12 dividend distributions, most recent first. TTM yield = sum of last 12 months of payments ÷ share price on ex-date. Forward yield = this payment × detected payout frequency ÷ share price on ex-date.
About PG
The Procter & Gamble Company — ticker PG — is the global household and personal-care products company, and one of the longest-running dividend payers in the entire US equity market. P&G has paid a continuous cash dividend for more than a century and has raised the per-share dividend every year for more than six decades; the consecutive-increase streak began in the late 1950s and has continued through every recession, market crash, and corporate reshuffle since. The streak is among the very longest in the S&P 500 by year-count and places P&G firmly within the "Dividend King" category alongside KO, MO, and a handful of other multi-decade increasers.
P&G operates in the Consumer Defensive sector, specifically household and personal-care products. The brand portfolio runs across five reporting segments — Beauty, Grooming, Health Care, Fabric & Home Care, and Baby/Feminine/Family Care — and includes globally recognized names such as Tide, Pampers, Bounty, Charmin, Gillette, Crest, Oral-B, Old Spice, Olay, Pantene, Dawn, and dozens of regional brands. The business model is built on premium-priced branded consumables sold through retail at high volume, with continuous reinvestment in advertising and innovation to maintain category leadership against private-label competition. The defining feature of this portfolio is non-discretionary demand: people buy diapers, laundry detergent, toilet paper, and toothpaste in recessions as well as expansions, which produces unusually stable revenue and earnings through economic cycles.
The dividend yield typically sits in the low-to-mid single digits — comfortably above the broader S&P 500 average, but lower than yields available from higher-payout consumer staples like MO or higher-payout categories like REITs. The yield reflects P&G's combination of high business quality, low single-stock risk, and modest organic growth; investors accept a lower current yield in exchange for the highest tier of payout reliability available from any single US equity. Many investment professionals describe PG as the "perfect" defensive holding for exactly this combination of features — a recognized, high-quality brand portfolio, a multi-decade unbroken increase streak, and exposure to demand categories that are largely insensitive to the economic cycle.
Credit quality: P&G carries top-tier investment-grade credit ratings, reflecting decades of conservative capital management and predictable cash generation from the branded consumables business. Expense ratio is not applicable to individual stocks — the figure you'll see in the calculator above is zero. The dividend has not been cut in modern history; it has been raised every year for the entire post-1957 window, including through the 1970s inflation shock, the 1987 crash, the dot-com bust, the 2008 financial crisis, the 2020 pandemic, and the 2022 inflation pulse.
How PG pays dividends
PG pays cash dividends quarterly, on a February–May–August–November pay-date cadence. The board typically announces an annual dividend increase in early April, with the new rate effective on the May payment. Holders who own shares as of the close on the day before the ex-date receive the dividend; holders who buy on or after the ex-date wait for the next quarterly payment. On the ex-date the share price drops by approximately the distribution amount on the open, reflecting the cash leaving the balance sheet.
Holders who DRIP through their broker receive additional shares purchased at the prevailing market price around the pay date. Major brokers offer fractional-share DRIP for PG, so the full cash distribution is reinvested even when the per-share amount divided by the share price doesn't produce a whole number. There is no managed-distribution policy, no covered-call overlay, and no return of capital — the cash that funds the dividend comes from operating earnings on the branded consumables business. Because that business generates highly predictable free cash flow with relatively modest reinvestment requirements, the dividend is funded by genuine recurring cash generation rather than borrowing or asset sales.
Recent growth pattern: PG has typically raised the quarterly per-share amount once per year, with the new rate taking effect on the May payment. The size of the annual hike has historically run in the mid-single-digit range, broadly matching long-run inflation plus a small real-growth premium. This relatively modest growth pace — slower than higher-growth Dividend Aristocrats in less mature categories — is the structural counterpart to the high reliability: P&G grows the dividend at a pace it can sustain through any economic environment, rather than at a faster pace that might prove unsustainable in a downturn. The trailing five-year dividend growth rate has been broadly stable, with only modest variation year-to-year.
The payout ratio has historically run in the 50–70% range of adjusted earnings, leaving meaningful retained capital for reinvestment in brands, R&D, and selective acquisitions. This is a healthier payout-ratio range than for high-yield Dividend Kings like MO, where the payout ratio runs much higher and leaves less retained cash for growth. The calculator on this page uses the trailing five-year dividend growth rate to project the income line; you can override this with a custom growth rate if you want to model a more conservative or optimistic path.
Who PG suits
PG suits investors who want the highest available combination of payout reliability and brand quality at the cost of a modest current yield. The yield is structurally lower than high-payout names like MO or O, but the trade-off is straightforward: an investor in PG accepts less current income in exchange for less business risk and one of the longest dividend-increase streaks in the entire US market. For investors who prioritize "will the dividend continue and grow through any environment?" above all other considerations, PG is among the small handful of names that consistently appears in the answer.
In taxable accounts, PG's dividends are qualified for the long-term capital-gains rate, given the standard holding-period rule. Because the yield is moderate rather than high, the absolute tax friction is also moderate — meaningful but not punishing in a typical taxable account. In tax-advantaged accounts, the qualified-dividend treatment is moot and the dividend reinvests with no current tax consequences. Both account types are commonly used for PG positions; the choice depends on the broader portfolio context rather than on any feature of PG specifically.
Compared to dividend-focused ETFs like SCHD, PG offers concentrated exposure to a single mature consumer-staples business rather than a diversified basket. A PG investor accepts company-specific risks including category-specific demand shifts (e.g., changes in laundry-detergent consumption patterns or in baby-care market structure), currency exposure on international segments (a meaningful share of revenue comes from outside the US dollar zone), and competitive pressure from private-label brands at retail. SCHD eliminates the concentration risk at the cost of slightly lower payout reliability per name. Many investors hold both: PG for the long-streak signal, SCHD for the diversified basket.
Compared to other Dividend Kings like KO, PG sits in a similar category — mature consumer-staples, multi-decade unbroken streak, moderate yield, moderate growth — and many income-focused investors hold a small handful of names from this group as a defensive core. The differences between PG and KO are at the margin (different sub-sectors, different geographic mix, different brand portfolios) rather than fundamental. As with any single-stock position, this content is educational only; it is not a recommendation to buy, sell, or hold PG, and individual circumstances vary.
Hypothetical scenarios
Scenario 1: $10,000 invested at PG at the start of 2000
Consider a hypothetical purchase of $10,000 of Procter & Gamble stock at the start of 2000. At that point the dividend-increase streak was already more than four decades long — well into "Dividend King" territory — and the company was a mature, globally distributed consumer-staples business. The initial $10,000 would have purchased several hundred shares at the entry price, and the position would then have been held through the dot-com bust, the 2008 financial crisis, the 2020 pandemic, and every other major market dislocation of the twenty-five-plus years that followed.
Holding from 2000 through to the present with DRIP enabled, three forces compound together against the same initial position. First, the per-share dividend grew every single year through the entire window — through every recession, every market crash, and every corporate reshuffle. Over the multi-decade horizon, the per-share figure today is many times the year-2000 figure. Second, the share count grew through quarterly DRIP at a meaningful but moderate pace, reflecting the company's mid-single-digit yield and the steady cadence of reinvestment. Third, the share price climbed substantially from the year-2000 level, with the typical drawdowns and recoveries along the way — but PG's defensive character meant the drawdowns in 2008 and 2020 were materially shallower than for the broader market.
The illustrative outcome captures the canonical Dividend King experience: the annual dividend income at the end of the window is many multiples of the year-one income on the same initial position, the share price has roughly tracked the long-run path of the consumer-staples sector, and the total-return picture combines a substantial income stream with steady price appreciation. The defining feature of this scenario is not the absolute total return — which is comparable to or slightly below broad market returns over the same window — but the through-cycle reliability of the income line, which grew in every single year of the holding period. PG is offered here as a structural illustration of a multi-decade Dividend King hold, not as a forecast.
Scenario 2: $50,000 today plus $500/month for 20 years
Consider a hypothetical accumulation strategy: $50,000 starting capital, plus $500 per month added on a regular cadence for 20 years, all in PG. The calculator on this page can model this exactly — set Initial investment to $50,000, Extra contribution to $500, Contribution frequency to Monthly, time horizon to 20 years, and leave DRIP on.
The mechanics: each month, the new $500 buys additional shares at the current price, which adds to the share count and therefore to next quarter's dividend. Each quarter, the dividend received from all accumulated shares is reinvested, adding more shares at the prevailing price. Over 20 years this dual-track accumulation — DCA contributions plus quarterly dividend reinvestment — produces a position where the annual dividend income alone is a meaningful figure relative to the cumulative contributions paid in, even at PG's moderate yield.
What's worth focusing on in the calculator is the cumulative yield-on-cost trajectory rather than the absolute dollar totals. The first several years are slow because the share base is still being built and the yield-on-cost is anchored to the current market yield. As the per-share dividend grows year after year through PG's continued streak, and as the share count grows through both DCA and DRIP, the effective yield-on-cost — annual dividend divided by total dollars contributed — climbs steadily. By year twenty the yield-on-cost has typically grown to several multiples of the entry yield, reflecting two decades of compounded dividend increases against an early-period cost basis.
These scenarios assume PG continues its historical pattern of annual dividend increases at a similar rate, that the underlying consumer-staples franchise continues to generate sufficient cash flow to fund and grow the dividend, and that no major adverse change disrupts the streak. Real outcomes depend on PG's future capital allocation, the path of the broader consumer-staples sector, tax treatment in your specific account, and the broader US equity environment. Educational only; not a forecast.
Sources & methodology
Dividend history and price data come from Polygon.io's reference and aggregates endpoints. Forward yield is computed as the sum of the most recent four cash distributions divided by the previous-close share price. The dividend growth rate shown on this page is the compound annual growth rate of total annual distributions across the available history in this snapshot.
Last updated: 2026-05-15.
Information here is for educational purposes only and does not constitute investment advice. Past dividend history does not guarantee future payments. Verify all figures with the issuer or a registered financial advisor before making investment decisions.