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PG Procter and Gamble Co

173.22
0.96 (0.56%)
After Hours
Last Updated: 00:06:03
Delayed by 15 minutes
Share Name Share Symbol Market Type
Procter and Gamble Co NYSE:PG NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.96 0.56% 173.22 174.61 171.36 171.45 4,956,687 00:06:03

Procter & Gamble Raises Dividend 3% to 66 Cents

17/04/2015 10:05pm

Dow Jones News


Procter and Gamble (NYSE:PG)
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   By Lisa Beilfuss 
 

Procter & Gamble Co. said Friday that it lifted its quarterly dividend 3%, a move to return more to shareholders despite headwinds from a stronger dollar.

P&G has raised its dividend annually since 1956.

The consumer products giant will pay a quarterly dividend of 66 cents a share, up from 64 cents, on or after May 15 to shareholders of record April 27. P&G said it expects to pay approximately $7.4 billion in dividends this business year.

In January, the company cut its outlook for the year, saying foreign-exchange issues would reduce sales by 5% and earnings by 12%. The company, like many others with significant overseas operations, has said it would offset much of the currency impact through cost savings.

Shares, down 9.4% year-to-date, rose 13 cents to $82.66 in after-hours trading.

Write to Lisa Beilfuss at lisa.beilfuss@wsj.com

Subscribe to WSJ: http://online.wsj.com?mod=djnwires


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