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Procter & Gamble Boosts Dividend by 10%

Topics:Stock Market | Corporate News

Companies:Procter & Gamble Co | Companies

By: Reuters | 14 Apr 2009 | 06:49 PM ET

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Procter & Gamble declared a 10 percent dividend increase on Tuesday, continuing a string of rising payouts that spans more than half a century.

The maker of Tide laundry detergent and Crest toothpaste has raised its dividend for 52 straight years, and analysts had expected that to continue, especially since the company is working to convince investors that it is a solid performer, even in a recession.

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P&G [PG Loading... () ] raised its quarterly dividend to 44 cents per share from 40 cents per share. It said the dividend for the quarter ending in June is payable after May 15 to shareholders of record on April 24.

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