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Long Live the Dividend King

April 14, 2021 By Jeremy Jones, CFA

By tomertu @ Shutterstock.com

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%.

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Jeremy Jones, CFA
Jeremy Jones, CFA, CFP® is the Director of Research at Young Research & Publishing Inc., and the Chief Investment Officer at Richard C. Young & Co., Ltd. Richard C. Young & Co., Ltd. was ranked #5 in CNBC's 2021 Financial Advisor Top 100. Jeremy is also a contributing editor of youngresearch.com.
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