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

 

Share:
  Comment  |
   Contact Us  |
  Print  
|  A   A  
  Copy Shortlink
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 2014 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Share:
  Comment  |
   Contact Us  |
  Print  
  Copy Shortlink
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
 
Email:
Retype Email:
Country
Zip Code:
 
You May Also Like
Around the Web

Most Commented

Newsmax, Moneynews, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, NewsmaxWorld, NewsmaxHealth, are trademarks of Newsmax Media, Inc.

MONEYNEWS.COM
© Newsmax Media, Inc.
All Rights Reserved