Summary by Moomoo AI
On April 9, 2024, The Procter & Gamble Company (P&G) announced a dividend increase, marking a significant event for shareholders. The company's Board of Directors declared a quarterly dividend of $1.0065 per share on both the Common Stock and the Series A and Series B ESOP Convertible Class A Preferred Stock. This dividend is payable on or after May 15, 2024, to shareholders of record as of April 19, 2024. This increase represents a 7% rise from the previous dividend, continuing P&G's long-standing practice of returning value to its shareholders. Notably, this increase extends P&G's streak to 68 consecutive years of dividend raises and underscores its 134-year history of consistent dividend payments since its incorporation in 1890. P&G is known for its strong portfolio of consumer brands and operates in approximately 70 countries worldwide.