01—Abstract
Summary
Summary of the 8-K filed April 16, 2007. Cited figures are marked; the original filing is the authoritative source.
The Procter & Gamble Company (PG) filed an 8-K on April 16, 2007, to announce a significant increase in its quarterly dividend.
The Board of Directors approved a hike from $0.31 to $0.35a per share for its Common Stock and certain Preferred Stocks. This represents a substantial 13% increase over the previous quarterly dividend rate. The dividend is payable on or after May 15, 2007, with a record date of April 27, 2007.
02—Key points
Key Highlights
- Procter & Gamble (PG) announced a 13% increase in its quarterly dividend.
- The quarterly dividend per share has been raised from $0.31 to $0.35.
- This dividend increase applies to both Common Stock and Series A and B ESOP Convertible Class A Preferred Stock.
- The dividend payment date is on or after May 15, 2007.
- The record date for shareholders entitled to the dividend is April 27, 2007.
- The announcement was made on April 16, 2007, via an 8-K filing.
- This filing is made under Regulation FD Disclosure.
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The main purpose of this 8-K filing is to publicly announce the decision by Procter & Gamble's Board of Directors to increase the quarterly dividend per share.
How much is the new quarterly dividend per share?
The new quarterly dividend per share is $0.35, an increase from the previous $0.31 per share.
What percentage increase does this dividend hike represent?
This dividend increase represents a 13% increase compared to the prior quarterly dividend.
Which classes of stock are eligible for this increased dividend?
The increased dividend applies to Procter & Gamble's Common Stock and its Series A and Series B ESOP Convertible Class A Preferred Stock.
04—Continue