Procter & Gamble Increases Quarterly Dividend By 10%
The board of directors of Procter & Gamble has declared an increased quarterly dividend of $0.8698 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the company.
This represents a 10% increase compared to the previous quarterly dividend, the company said.
The dividend is payable on or after 17 May 2021 to Common Stock shareholders of record at the close of business on 23 April 2021, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on 23 April 2021.
The most recent dividend increase marks the 65th consecutive year that Procter & Gamble has increased its dividend and the 131st consecutive year that P&G has paid a dividend since its incorporation in 1890, demonstrating the group's commitment to – and extending its long-term track record of – returning cash to shareholders.
Portfolio Of Recognisable Brands
The FMCG giant serves consumers around the world with a portfolio of recognisable brands such as Always, Ambi Pur, Ariel, Bounty, Charmin, Crest, Dawn, Downy, Fairy, Febreze, Gain, Gillette, Head & Shoulders, Lenor, Olay, Oral-B, Pampers, Pantene, SK-II, Tide, Vicks, and Whisper.
The group operates in approximately 70 countries worldwide and has received praise for innovations aimed at increasing the sustainability of its products in recent years.
One such innovation is the commercialisation of the technology that converts lactic acid into bio-based acrylic acid for use in product development, which can reduce greenhouse gas emissions.
© 2021 European Supermarket Magazine – your source for the latest retail news. Article by Conor Farrelly. Click subscribe to sign up to ESM: The European Supermarket Magazine.