Procter & Gamble pays more

Consumer products giant, and often misspelled, Procter & Gamble (PG) has raised it's dividend by 9.5%.

Here is a glance at Procter's recent dividend history:
2007 = $1.36
2008 = $1.55
2009 = $1.72
2010 = $1.89 (EST)

This represents a compound annual growth rate of the dividend of almost 12%. Industry leading firms with iconic brands that raise their dividends annually can really pay off if you hold them for the long term.

Here is a brief list of other companies that fit this bill and would be worth having a look at:

McDonalds (MCD)
Johnson & Johnson (JNJ)
Diageo (DEO)
Intel (INTC)
Microsoft (MSFT)
Pepsico (PEP)
Coca Cola (KO)
Clorox (CLX)
Colgate Palmolive (CL)
3M (MMM)
Kimberly Clark (KMB)