Procter & Gamble (NYSE: PG) has declared a quarterly cash dividend of $0.9133 per share, marking a 5% increase and its 66th consecutive year of dividend growth. The company reported Q1 2022 earnings of $1.33 per share, surpassing analyst expectations amid solid financial performance. With a market cap of $393 billion and free cash flow of $2.5 billion, P&G is positioned to return over $18 billion to investors by the end of the fiscal year, prompting price target increases from Morgan Stanley and Barclays.