Procter & Gamble Company (The)
PG42 yrs growthConsumer Defensive · Stock · quarterly payer
Forward Yield
2.97%
Annual Dividend
$4.35
Payout Ratio
64%
5-Yr Growth
6.0%
Ex-Date
Jul 24, 2026
Frequency
Quarterly
Summary
As of August 2026, Procter & Gamble Company (The) (PG) yields 2.97% ($4.35 per share annually), with a blended fair-value estimate of $134.21 — -8% downside, so it screens as fairly valued. Dividend safety grade: A (90/100). 42 years of dividend growth.
Is PG a good dividend stock?
YesProcter & Gamble Company (The) (PG) pays a quarterly dividend yielding 2.97% ($4.35/yr), with 42 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Dividend Aristocrat — 42 consecutive years of growth
- Never cut its dividend on record
- Strong 6.0% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.97%
- Payout Ratio
- 64%
- Annual Dividend
- $4.35
- 5-Yr Avg Growth
- 6.0%
- Ex-Dividend Date
- Jul 24, 2026
- Years of Growth
- 42
- Frequency
- quarterly
- Beta
- 0.38
- Market Cap
- $337.5B
- P/E Ratio
- 22.1
- 5-Yr Total Return
- 2%
- 52-Week Range
- $137.62 – $167.25
- Dividend Safety
- A · 90/100
- Ever Cut?
- No
Frequently Asked Questions
PG Price — Last 12 Months
Daily close
Price Return
1 Year
-7%
3 Years
-6%
5 Years
+2%
52-Week Range
$137.62 – $167.25
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is PG worth?
Fairly valuedhigh confidenceOur blended fair-value estimate for Procter & Gamble Company (The) is $134.21 per share, versus a market price of $145.79. That implies the stock is roughly fairly priced.
Fair Value
$134.21
Current Price
$145.79
Gap
-8%
Margin of Safety
-9%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about 3.2% annual free-cash-flow growth. We model 5.2% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 5.2% stage-1 growth, 2.5% terminal growth, $6.62 EPS, $4.35 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
PG Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 24, 2026 | — | $1.0890 | regular |
| Apr 24, 2026 | — | $1.0890 | regular |
| Jan 23, 2026 | — | $1.0570 | regular |
| Oct 24, 2025 | — | $1.0570 | regular |
| Jul 18, 2025 | — | $1.0570 | regular |
| Apr 21, 2025 | — | $1.0570 | regular |
| Jan 24, 2025 | — | $1.0070 | regular |
| Oct 18, 2024 | — | $1.0070 | regular |
| Jul 19, 2024 | — | $1.0070 | regular |
| Apr 18, 2024 | — | $1.0070 | regular |
| Jan 18, 2024 | — | $0.9410 | regular |
| Oct 19, 2023 | — | $0.9410 | regular |
| Jul 20, 2023 | — | $0.9410 | regular |
| Apr 20, 2023 | — | $0.9410 | regular |
Income Calculator
At $4.35 / yr per share
