Procter & Gamble's Dividend Has Survived 26 Recessions. Here's What $10,000 Now Earns in Yearly Dividend Income.
Since Procter & Gamble (NYSE: PG) was incorporated in 1890, the National Bureau of Economic Research has counted 26 U.S. recessions. The Panic of 1893. The Great Depression. The 1970s, twice. The dot-com bust, the financial crisis, the pandemic. Through all of it, the company that makes Tide and Pampers mailed a dividend check every single quarter, and for the last 70 years each annual check has been larger than the one before. That makes this ticker a Dividend King , a designation for companies that have increased annual dividends for at least 50 consecutive years. All of this is not a marketing line. It is the closest thing the stock market has to a promise kept. The question for anyone buying the stock today is whether a promise that old still has something behind it. Image source: Getty Images. Continue reading