Shares of consumer products maker Procter & Gamble (PG
) had a solid 2013, gaining over 20%. Let’s take a look at what’s in store for the company in 2014, along with what investors can expect from a dividend standpoint.
P&G pays a quarterly dividend of 60.15 cents per share, or $2.41 on an annualized basis, and its yield currently sits just under the 3% level. The company is a member of an elite group of stocks that have raised their dividends each year for over 50 years, and 2013 saw a 7% payout boost. This move mirrored the company’s 7% raise in 2012. With a 2013 payout ratio of 56% and an expected 2014 payout ratio under 52%, the company has plenty of room to raise its dividend for a 58th consecutive year.
Dividend.com DARS Ratings for Procter & Gamble Overall Rating:Neutral (3.4/5)
| Relative Strength | | Stock is performing in-line with the market or better. |
| Overall Yield Attractiveness | | Stock’s dividend yield is adequate. |
| Dividend Reliability | | This rating is related to the length and consistency of a company’s dividend payouts, as well as our opinion on how likely the company is to continue payouts in the future. |
| Dividend Uptrend | | Dividend payouts are consistent, but increases small. |
| Earnings Growth | | Earnings estimates have been cut slightly. |
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