01—Abstract
Summary
Summary of the 8-K filed April 11, 2011. Cited figures are marked; the original filing is the authoritative source.
This 8-K filing from Procter & Gamble (PG) primarily serves as a Regulation FD disclosure, announcing the company's quarterly dividend.
The Board of Directors has declared a dividend of $0.525a per share for its common stock and Series A and Series B ESOP Convertible Class A Preferred Stock. This dividend payment is scheduled to be made on or after May 16, 2011, with a record date of April 29, 2011, for common stock shareholders.
This announcement is a routine disclosure aimed at ensuring all investors have access to the same material information simultaneously. For investors, this signals continued commitment to returning capital to shareholders, a common practice for established companies like P&G.
02—Key points
Key Highlights
- Procter & Gamble (PG) announced its quarterly dividend.
- The declared dividend is $0.525 per share.
- The dividend applies to both Common Stock and Series A and Series B ESOP Convertible Class A Preferred Stock.
- The payment date for the dividend is on or after May 16, 2011.
- The record date for common stock shareholders is April 29, 2011.
- The filing is made under Regulation FD disclosure rules.
- The news release dated April 11, 2011, is attached as an exhibit.
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 disclose material information to all investors simultaneously, as required by Regulation FD. Specifically, it announces the declaration of the company's quarterly dividend.
What is the amount of the quarterly dividend and for which shares?
The quarterly dividend declared is $0.525 per share. This applies to both the Common Stock and the Series A and Series B ESOP Convertible Class A Preferred Stock of The Procter & Gamble Company.
When will the dividend be paid and to whom?
The dividend will be paid on or after May 16, 2011. Common Stock shareholders of record as of the close of business on April 29, 2011, will receive the dividend. Preferred stock shareholders will receive it on the dividend payment date based on their record date.
Is this dividend a new development or a routine payment?
This announcement is for a quarterly dividend, which is a routine payment and a standard practice for established companies like Procter & Gamble to return capital to shareholders. It indicates ongoing financial stability and commitment to shareholder returns.
04—Continue