SmarterDividends
PG

The Procter & Gamble Company

PG42 yrs growth

Consumer Defensive · Household & Personal Products · Stock · quarterly payer

$165.59

Overvalued · -27% Add to Portfolio

Forward Yield

2.78%

Annual Dividend

$4.35

Payout Ratio

64%

5-Yr Growth

6.0%

Ex-Date

Oct 23, 2026

Frequency

Quarterly

Key facts about PG's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 23, 2026, The Procter & Gamble Company (PG) has a forward dividend yield of 2.78%, based on an annual dividend of $4.35 per share and a share price of $165.59.
  • As of Oct 23, 2026, PG's dividend safety grade from SmarterDividends is A (92 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, The Procter & Gamble Company (PG) has raised its dividend for 42 consecutive years as of Oct 23, 2026, which makes it a Dividend Aristocrat by the 25-year definition.
  • PG has never cut its regular dividend in the payment history SmarterDividends has on record.
  • PG's most recent ex-dividend date was Jul 24, 2026, for a dividend of $1.09 per share.
  • As of Oct 23, 2026, PG pays out 64% of its trailing 12-month earnings as dividends (its payout ratio).
  • PG's dividend has grown at an average rate of 6.0% a year over the past five years.
  • As of Oct 23, 2026, PG's 2.78% yield is 12% above its five-year average yield of 2.49%.
  • As of Oct 23, 2026, SmarterDividends' blended fair-value estimate for PG is $120.24 per share, 27% below the $165.59 share price, so PG screens as overvalued.
  • The Procter & Gamble Company (PG) pays its dividend quarterly, 4 times a year.
  • The Procter & Gamble Company (PG) has raised its regular dividend 53 times and cut it 0 times across the 228 payments on record since 1970. Its most recent change was a 3.0% increase to $1.09 per share, going ex-dividend on Apr 24, 2026.
  • Procter & Gamble (PG) has declared its first higher dividend of the year in April in 5 of the last 5 years; its most recent raise, 3.0%, was declared on Apr 14, 2026.
Cite this page

SmarterDividends, "PG Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 23, 2026, https://smarterdividends.com/stocks/PG

Summary

As of Oct 23, 2026, The Procter & Gamble Company (PG) yields 2.78% ($4.35 a year per share), has a dividend safety grade of A (92/100) and has 42 consecutive years of dividend increases on record.

Is PG a good dividend stock?

Yes

The Procter & Gamble Company (PG) pays a quarterly dividend yielding 2.78% ($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
2.78%
Payout Ratio
64%
Annual Dividend
$4.35
5-Yr Avg Growth
6.0%
Ex-Dividend Date
Oct 23, 2026
Years of Growth
42
Frequency
quarterly
Beta
0.38
Market Cap
$384.9B
P/E Ratio
24.9
5-Yr Total Return
11%
52-Week Range
$137.62 – $167.25
Dividend Safety
A · 92/100
Ever Cut?
No

PG dividend raises and cuts

The Procter & Gamble Company (PG) has raised its regular dividend 53 times and cut it 0 times across the 228 payments on record since 1970. Its most recent change was a 3.0% increase to $1.09 per share, going ex-dividend on Apr 24, 2026.

Ex-dateChangeOld → newMove
Apr 24, 2026Raise$1.06 → $1.09+3.0%
Apr 21, 2025Raise$1.01 → $1.06+5.0%
Apr 18, 2024Raise$0.941 → $1.01+7.0%
Apr 20, 2023Raise$0.913 → $0.941+3.1%
Apr 21, 2022Raise$0.870 → $0.913+4.9%
Apr 22, 2021Raise$0.791 → $0.870+10.0%
Apr 23, 2020Raise$0.746 → $0.791+6.0%
Apr 17, 2019Raise$0.717 → $0.746+4.0%
Apr 19, 2018Raise$0.690 → $0.717+3.9%
Apr 19, 2017Raise$0.670 → $0.690+3.0%
Apr 14, 2016Raise$0.663 → $0.670+1.1%
Apr 23, 2015Raise$0.644 → $0.663+3.0%
Show all 53 changes since 1970
Ex-dateChangeOld → newMove
Apr 23, 2014Raise$0.602 → $0.644+7.0%
Apr 24, 2013Raise$0.562 → $0.602+7.1%
Apr 25, 2012Raise$0.525 → $0.562+7.0%
Apr 27, 2011Raise$0.482 → $0.525+8.9%
Apr 28, 2010Raise$0.440 → $0.482+9.5%
Apr 22, 2009Raise$0.400 → $0.440+10.0%
Apr 16, 2008Raise$0.350 → $0.400+14.3%
Apr 25, 2007Raise$0.310 → $0.350+12.9%
Apr 19, 2006Raise$0.280 → $0.310+10.7%
Apr 20, 2005Raise$0.250 → $0.280+12.0%
Apr 21, 2004Raise$0.228 → $0.250+9.9%
Jul 16, 2003Raise$0.205 → $0.228+11.0%
Jul 17, 2002Raise$0.190 → $0.205+7.9%
Jul 18, 2001Raise$0.175 → $0.190+8.6%
Jul 19, 2000Raise$0.160 → $0.175+9.4%
Jul 21, 1999Raise$0.143 → $0.160+12.3%
Jul 22, 1998Raise$0.126 → $0.143+13.1%
Jul 16, 1997Raise$0.113 → $0.126+12.2%
Jul 17, 1996Raise$0.100 → $0.113+12.5%
Jul 19, 1995Raise$0.0875 → $0.100+14.3%
Jul 18, 1994Raise$0.0775 → $0.0875+12.9%
Jul 19, 1993Raise$0.0688 → $0.0775+12.7%
Apr 20, 1992Raise$0.0625 → $0.0688+10.0%
Oct 15, 1990Raise$0.0563 → $0.0625+11.1%
Oct 16, 1989Raise$0.0500 → $0.0563+12.5%
Jan 13, 1989Raise$0.0438 → $0.0500+14.3%
Jan 15, 1988Raise$0.0422 → $0.0438+3.7%
Apr 14, 1986Raise$0.0406 → $0.0422+3.8%
Jul 16, 1984Raise$0.0375 → $0.0406+8.3%
Apr 18, 1983Raise$0.0328 → $0.0375+14.3%
Oct 19, 1981Raise$0.0297 → $0.0328+10.5%
Jul 14, 1980Raise$0.0266 → $0.0297+11.8%
Apr 16, 1979Raise$0.0234 → $0.0266+13.3%
Apr 17, 1978Raise$0.0203 → $0.0234+15.4%
Jan 17, 1977Raise$0.0172 → $0.0203+18.2%
Apr 19, 1976Raise$0.0156 → $0.0172+10.0%
Jan 20, 1975Raise$0.0141 → $0.0156+11.1%
Jul 16, 1973Raise$0.0122 → $0.0141+15.4%
Jul 17, 1972Raise$0.0117 → $0.0122+4.0%
Jul 19, 1971Raise$0.0109 → $0.0117+7.1%
Apr 20, 1970Raise$0.0102 → $0.0109+7.7%
Every PG payment →Download every raise and cut (CSV)
PG ex-dividend date & scheduleNext ex-date Oct 23, 2026 · full ex-dividend historyView →PG dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is PG a good dividend stock?

Yes. The Procter & Gamble Company (PG) pays a quarterly dividend yielding 2.78% ($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.

Is PG undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, PG's fair value is about $120.24 versus a $165.59 share price — so it looks overvalued (-27% vs. fair value).

Is PG's dividend safe?

PG has a dividend-safety grade of A (92/100), based on its payout coverage, free-cash-flow, 42-year growth streak, a clean no-cut history, debt and yield-versus-history.

What is PG's fair value?

Our blended fair-value estimate for PG is about $120.24 per share, about 27% below the current $165.59 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is PG a buy, hold, or sell?

We don't issue formal ratings, but on the data PG screens as "yes" and overvalued. The Procter & Gamble Company (PG) pays a quarterly dividend yielding 2.78% ($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. This is research for your own analysis, not investment advice.

Will PG cut its dividend?

PG earns a dividend-safety grade of A (92/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does PG pay a dividend?

Yes. The Procter & Gamble Company pays a quarterly dividend of about $4.35 per share annually, a forward yield of roughly 2.78%.

What is PG's dividend yield?

As of Oct 23, 2026, PG's forward dividend yield is 2.78%, based on a $4.35 annual dividend and a $165.59 share price.

What is PG's dividend per share?

As of Oct 23, 2026, PG pays $4.35 per share per year, distributed on a quarterly basis.

What is PG's dividend payout ratio?

As of Oct 23, 2026, PG's payout ratio is 64% of trailing 12-month earnings — a moderate level that's generally sustainable.

How many years has PG grown its dividend?

As of Oct 23, 2026, PG has increased its dividend for 42 consecutive years.

When is the next PG ex-dividend date?

As of Oct 23, 2026, PG's next ex-dividend date hasn't been announced. The most recent was Jul 24, 2026, for $1.09 per share.

Income Calculator

At $4.35 / yr per share

Per payment (quarterly)$108.75
Annual$435.00
Monthly avg$36.25

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