P&G Increases Dividend by 9%

Procter and Gamble raised its quarterly dividend by 9 percent, from $0.4818 to $0.525 per share, the company said Monday.

P&G, a manufacturer of consumer goods ranging from Crest toothpaste to Iams pet food, has increased its dividend for 55 consecutive years at an annual compound average rate of approximately 9.5 percent, the company said.

Shares of P&G were up slightly after-hours. Click herefor real-time after-hours quotes.