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Shares in Procter & Gamble remain flat in spite of 3% dividend

Stock MarketsApr 17, 2015 06:10PM ET
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© Reuters. Procter & Gamble will issue a 3% dividend, pushing dividend payouts to $55 bil in last 10 years

Investing.com -- Shares in Procter & Gamble Company (NYSE:PG) were relatively flat in after-hours trading in spite of the company's declaration of a 3% dividend increase on late Friday afternoon.

The Cincinnati-based multinational conglomerate announced that its Board of Directors on Friday declared a quarterly dividend increase from $0.6436 to $0.6629 per share on its Common Stock effective on May 15. The company also announced a dividend increase in its Series A and Series B ESOP Convertible Class A Preferred Stock of the Company effective on April 27.

"With this dividend increase, P&G is demonstrating its commitment to – and extending its long-term track record of – returning cash to shareholders," Procter & Gamble said in a press release. "P&G has been paying a dividend for 125 consecutive years since its incorporation in 1890. This marks the 59th consecutive year that the Company has increased its dividend."

The company expects to shell out roughly $7.4 billion in dividends to its shareholders in 2015. Over the past 10 years, Procter and Gamble said it has paid more than $55 billion to its shareholders in dividends.

With longstanding brands such as Crest and Oral-B toothpaste, Bounty laundry detergent, Charmin toilet paper and Gillette shaving products, P&G has operations in approximately 70 countries worldwide, according to its website. Earlier this month, Crest and Oral-B partnered with Disney to launch a new line of toothpaste and toothbrushes featuring characters from the hit movie Frozen.

Shares in Procter & Gamble fell 0.02 to 82.53 after closing at 82.55, down 0.97 on Friday's session. Previously, shares in PG had been down roughly 10% on the year.

Shares in Procter & Gamble remain flat in spite of 3% dividend
 

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Ce El
Ce El Jul 30, 2019 7:32PM ET
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Negative Gillette sales will bring P&G down
 
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