Procter & Gamble (NYSE:PG) is quite simply one of the most legendary dividend growth companies of all time. The stock has paid dividends for more than 120 years.
And, it has increased its dividend for 60 years in a row.
P&G is one of just 19 Dividend Kings, a select group of companies with 50+ years of consecutive dividend increases.
You can see the entire list of Dividend Kings here.
P&G's dividend growth hit a speed bump in the last two years, as the company underwent a massive restructuring.
Since P&G is such an enormous company-it has a market capitalization of more than $230 billion-it needed time to see its turnaround efforts materialize.
But now that its restructuring is complete, the company is looking forward to accelerating earnings growth this year and beyond.
As a result, there is good reason for investors to expect P&G's 2017 dividend increase to exceed its 2016 and 2015 dividend hikes.