Procter and Gamble increase dividend by 10%
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Procter and Gamble increase dividend by 10%

April 16, 2009 – 8:05 pm – No Comment

Tuesday Procter and Gamble (NYSE: PG) announced that it will raise its quarterly dividend by 10 percent from 40 cents to 44 cents.

The increase refers to P&G common stock, and series A and series B ESOP convertible class A preferred stock. It is payable on or after May 15 to shareholders of record as of April 24, according to a news release.

P&G said in the release that it has been paying dividends since 1890, and the increase is the 53rd the company has declared.

Procter and Gamble currently produces consumer products and pharmaceuticals.

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Jeremy
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