Procter & Gamble seeks to pay USD7 billion dividend in 2017

Merck

The Board of Directors of The Procter & Gamble Company has announced an increased quarterly dividend of $0.6896 per share on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company.

The company said in an email statement that the dividend will be payable on or after May 15, 2017, to Common Stock shareholders of record at the close of business on April 21, 2017, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on April 21, 2017. This represents a 3% increase compared to the prior quarterly dividend.

The dividend increase is the 61st consecutive year that P&G has increased its dividend.

Procter and Gamble said it expects total dividend payments to shareholders of more than $7 billion in fiscal year 2017, bringing total dividends paid over the last decade to more than $62 billion. P&G has been paying a dividend for 127 consecutive years since its incorporation in 1890.