P&G has announced it will be paying its shareholders $0.6695 per share to shareholders of record on 18 April.
The quarterly dividend payment represents a 1% increase compared with the pay-out made for the previous quarter. P&G noted that the dividend increase “reflects the cash impacts from streamlining and strengthening the business unit portfolio and the Company’s plans to increase investments in the business to achieve balanced top- and bottom-line growth”.
The payment will be made on the Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the Company, on or after 16 May to shareholders of record at the close of business on 18 April, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on the same date.
In fiscal 2016, P&G predicts dividend payments to shareholders to reach roughly $7.5bn. Last year, P&G sold 43 of its brands to rival cosmetics player Coty in one of the largest cosmetics deals of the decade.
