Research cutoff: September 13, 2026. Dollar amounts are USD per common share unless stated otherwise. This guide separates declared payments, calculations and unannounced future decisions.
Procter & Gamble’s verified quarterly common dividend is $1.0885. Four unchanged installments would total $4.354 per share under a 2027 scenario. The exact four-decimal rate matters: rounding each quarter first can distort the income calculation.
P&G’s verified new-rate 2026 payments
The April 14 increase and July 14 declaration specify the following common-share payments. The issuer says payable “on or after” the dates shown. This selected ledger covers the two new-rate declarations, not all payments falling in calendar 2026.
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| Declaration | Common-share record date | Payable on or after | Per share |
|---|---|---|---|
| April 14, 2026 | April 24, 2026 | May 15, 2026 | $1.0885 |
| July 14, 2026 | July 24, 2026 | August 17, 2026 | $1.0885 |
These two amounts total $2.177 per share. For 100 shares eligible for both, gross income is $217.70. The release also discusses ESOP preferred securities; the record-date convention in this table is specifically for common shares. Investors should not substitute a different security’s terms into a PG common-stock calculation.
2027 scenarios without premature rounding
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| Assumed payments | Annual per share | 100 eligible shares |
|---|---|---|
| Four × $1.0885 | $4.3540 | $435.40 |
| One × $1.0885 plus three × hypothetical $1.12 | $4.4485 | $444.85 |
| Four × hypothetical $1.00 | $4.0000 | $400.00 |
The $1.12 and $1.00 rates are sensitivity inputs, not predictions. Rounding the current quarterly rate to $1.09 before multiplying produces $4.36 instead of $4.354. Keep the issuer’s precision through the calculation and then express the final account amount appropriately. No complete 2027 schedule is announced by the sources used here.
A long dividend record is context, not a contract
P&G’s July notice reports 70 consecutive years of dividend increases and 136 years of payments. Those facts describe a historical record. They do not remove the board’s future discretion or guarantee that dividend growth will match inflation. A small increase can preserve a streak while producing only a modest improvement in purchasing power.
The fiscal-2026 results report $10.2 billion in dividends and $5.0 billion in repurchases for that fiscal year. These company-wide cash figures are different from the calendar-year income on one common share. A repurchase is not a personal cash deposit, and a fiscal-year total should not be relabeled a calendar-year per-share amount.
How to review a consumer-staples dividend
Our operating review separates unit demand from pricing. Revenue can rise because prices increased even while consumers buy fewer units or trade down. Check whether brand strength supports margins without relying on repeated price increases. Distribution costs, input costs and product mix can move the cash result differently from the headline sales number.
For a global business, distinguish reported growth from currency-neutral comparisons. Foreign-currency translation can affect reported earnings without an equivalent change in local demand. Evaluate operating cash after investment and other commitments, and examine whether working-capital improvements are sustainable. A stable product category does not make every financial measure stable.
P&G stock splits and bonus-share claims
Neither reviewed 2026 dividend notice announces a new share split. This guide verifies no 2026 or 2027 split ratio or stock-distribution date. A cash-dividend increase changes cash per eligible share; a forward split changes how the same ownership is divided into units. The events should be tracked separately.
A hypothetical 2-for-1 split doubles share count while halving the theoretical price. Per-share dividend comparisons then need a matching adjustment. At a hypothetical $160 price before any such event, the $4.354 unchanged-rate scenario implies approximately 2.72% yield. That arithmetic is not a current quote, valuation judgment or assurance against a capital loss.
Frequently asked questions
Is the exact quarterly rate $1.09?
The declaration states $1.0885; $1.09 is a rounded display.
Does 70 years of increases guarantee another raise?
No. It describes the past, while future distributions require future decisions.
Continue your research
Read our corporate-action research for the wider business context, or compare our September dividend research. A dividend is one part of total return, not protection against a fall in the share price.
LiveTodayStock editorial research. Educational information, not personalized investment advice. Cash examples are gross, exclude taxes and fees, and assume the specified shares qualified for each distribution. Future dividends require board approval.