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Procter & Gamble Lifts Dividend 7%

Provided by Dow Jones

Apr 9, 2024 8:41pm

By Ben Glickman

Procter & Gamble on Tuesday raised its quarterly dividend 7%, which the company said signaled its commitment to giving shareholders steady returns.

The Cincinnati-based consumer-products company declared a payout of $1.0065 a share, up from its prior dividend of 94.07 cents.

The new dividend, equal to $4.026 a year, represents an annual yield of 2.6% based on the Tuesday closing price of $156.66.

The company last raised its dividend in April 2023, when it increased its payout 3.3%.

P&G has said it expects to pay more than $9 billion in dividends in fiscal 2024.

Write to Ben Glickman at ben.glickman@wsj.com

(END) Dow Jones Newswires

April 09, 2024 16:41 ET (20:41 GMT)

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