By Kelly Cloonan
Procter & Gamble boosted its quarterly dividend 5% to $1.06 a share.
The consumer-products company said Tuesday the dividend will be payable May 15 to common stock shareholders of record at the close of business on April 21. It will be payable to holders of its Series A and Series B ESOP convertible Class A preferred shares at the start of business on April 21.
The new payout, equal to nearly $4.23 a year, represents an annual yield of about 2.7% based on Thursday's closing price of $158.39.
The company last raised its dividend nearly a year ago and has now raised its payout for 69 consecutive years.
Write to Kelly Cloonan at kelly.cloonan@wsj.com
(END) Dow Jones Newswires
April 08, 2025 16:52 ET (20:52 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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