Procter & Gamble (PG) saw its shares rise Monday afternoon after the company increased its dividend.
The company boosted its quarterly dividend 7% to 64.32 cents a share from 60.15 cents a share on Monday. PG stock is up about 0.9% following Procter & Gamble’s move earlier today.
All shareholders on record as of the close of business on April 25 will receive the quarterly dividend on May 15. The ex-dividend date is set for April 22.
“The company’s strengths can be seen in multiple areas,” said TheStreet Ratings Team. “Such as its revenue growth, largely solid financial position with reasonable debt levels by most measures, expanding profit margins and increase in stock price during the past year.”
PG stock is down 1.2% YTD.
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