Procter & Gamble has announced its 70th consecutive annual dividend increase, raising its quarterly payout by 3% to $1.0885 per share. However, the company's recent quarterly performance reflects mixed results, with a 4% growth in its Beauty portfolio overshadowed by expected pressures from rising commodity costs. Currently trading at a five-year low, P&G is implementing restructuring measures to address competitive challenges while preparing for its third-quarter fiscal results on April 24.