By tomertu @

Procter & Gamble is the one true dividend king and has now extended its rule by increasing dividends once again, this time by 10%. MarketWatch’s Claudia Assis reports:

Procter & Gamble Co. PG, -0.13% said late Tuesday its board has declared a 10% increase in the consumer products giant’s quarterly dividend. The dividend of 86.98 cents a share will be payable on May 17 to shareholders of record at the close of business on April 23. Shares of Procter & Gamble rose 0.1% in the extended session after ending the regular trading day down 1.3%.