Tags: P&G | Raises | Dividend | Procter | Gamble

P&G Raises Dividend 9 Percent to 52.5 Cents a Share

Tuesday, 12 Apr 2011 09:58 AM


Procter & Gamble Co., which makes consumer brands such as Tide laundry detergent and Bounty paper towels, on Monday, raised its quarterly dividend by 9 percent to 52.5 cents per share.

The dividend, which was previously about 48.2 cents per share, is payable on May 16, to common shareholders of record at the close of business on April 29. The company also raised its dividend on two classes of preferred shares.

Shares of the consumer-products company rose 16 cents to $62.35 in after-hours trading. The shares rose 29 cents to close at $62.19, in the regular session.

Procter & Gamble says it has increased its shareholder payout for 55 years. Unlike many of its peers, it raised its dividend during the depths of the financial crisis in 2008 and 2009.

© Copyright 2015 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Around the Web

Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
Zip Code:
Privacy: We never share your email.

You May Also Like
Around the Web
Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

© Newsmax Media, Inc.
All Rights Reserved