Another dividend increase for me as Procter & Gamble (NYSE: PG), maker of countless household products, announced a 9.5% increase to its quarterly dividend (from $0.44 to $0.4818).
A quarterly dividend of $0.4818 per share? Who decided on such a weird number?
Nonetheless, that is good news for me, as I own a small stake in the company within my RRSP. Ok, ok. Since I have only 50 shares, that will only mean a small increase of $2.09 per quarter. But you know the tales, by now -- any small increase is cumulative and means a lot over the long term. Cheers!