THE WHAT? Procter & Gamble has declared a quarterly dividend of $0.7907 per share on the ‘Common Stock and on the Series A and Series B ESOP Convertible Class A Preferred Stock of the company.’
THE DETAILS According to a press release, the dividend is “payable on or after August 17, 2020 to Common Stock shareholders of record at the close of business on July 24, 2020, and to Series A and Series B ESOP Convertible Class A Preferred Stock shareholders of record at the start of business on July 24, 2020.”
THE WHY? P&G has increased its dividend for 64 consecutive years, said to highlight its dedication to providing value to company shareholders.