Procter & Gamble stock rises as company raises dividend


>

Detail view of rolls of Charmin toilet paper in a domestic home, San Ramon, California, March 25, 2020.

Smith Collection | Gado | Getty Images

Shares of Procter & Gamble rose 2% in extended trading Tuesday after the company raised its dividend and moved up its earnings report.

The consumer products giant is raising its quarterly dividend 6% to 79 cents as many companies slash or suspend theirs to preserve liquidity as the coronavirus pandemic upends their businesses. 

P&G also said it would announce its fiscal third-quarter earnings on Friday. The company previously said it would share its quarterly results on the following Tuesday. The early release “should not be construed as an indication of either positive or negative results,” the Charmin toilet paper owner said in a statement.

P&G’s stock is up 15% so far in 2020, after closing up 4% on Tuesday. The company has a market value of $299 billion, as of Tuesday’s close.



Source link

Retail News Subscribe – One mail per day with summary

Enter your email address:

Delivered by FeedBurner

SUBSCRIBE

Enter your email address:

Delivered by FeedBurner

Safe content check

Affiliate Declaration

www.askwebman.com (askwebman.com) is a participant in the Amazon Associates Program, an affiliate advertising program designed to provide a means for sites to earn advertising fees by advertising and linking to amazon.in.

In addition to askwebman’s participation in Amazon’s program, askwebman.com also participates in a number of other affiliate programs. That means when someone clicks on an affiliate link and purchases a product,askwebman.com receives a small commission.

This commission does not cost you anything, nor does it affect our judgement when it comes to selecting which products we showcase in our content.

 

Product categories

New Products update – One mail per day

Enter your email address:

Delivered by FeedBurner

Retail News update – One mail per day

Enter your email address:

Delivered by FeedBurner