Procter & Gamble Shares Steady in Down Market After Raising Dividend
16 April 2020 - 3:35AM
Dow Jones News
By Matt Grossman
Procter & Gamble Co. shares were roughly flat Wednesday
afternoon against the backdrop of falling stock indexes a day after
the company raised its quarterly dividend.
The company's shares were 0.2% higher at $121.22 in recent
trading, while the S&P 500 index was down 2.3%.
On Tuesday, Procter & Gamble increased its quarterly
dividend by 6% to 79 cents a share. The company has accelerated
production of toilet paper and paper towels during the Covid-19
crisis.
Write to Matt Grossman at matt.grossman@wsj.com
(END) Dow Jones Newswires
April 15, 2020 13:20 ET (17:20 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.
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