01—Abstract
Summary
Summary of the 8-K filed January 10, 2017. Cited figures are marked; the original filing is the authoritative source.
Procter & Gamble (PG) filed an 8-K on January 10, 2017, primarily to announce a quarterly dividend declaration.
The Board of Directors approved a dividend of $0.6695a per share for common stock and specific preferred stock classes. This dividend is payable on or after February 15, 2017, with a record date of January 20, 2017. This announcement, made under Regulation FD, ensures all investors receive material information simultaneously.
While this filing doesn't disclose new financial performance or strategic shifts, it reaffirms the company's commitment to returning capital to shareholders, a key consideration for income-focused investors. The dividend declaration is a routine but important event for PG shareholders, reflecting the company's ongoing financial stability and dividend policy.
02—Key points
Key Highlights
- Quarterly dividend declared: $0.6695 per share.
- Dividend applies to Common Stock and Series A/B ESOP Convertible Class A Preferred Stock.
- Payment date for the dividend is on or after February 15, 2017.
- Record date for dividend eligibility is January 20, 2017.
- Filing made under Regulation FD to ensure broad disclosure of dividend information.
- The 8-K includes a furnished news release dated January 10, 2017 (Exhibit 99.1).
03—Questions
Frequently Asked Questions
What is the main purpose of this 8-K filing?
The primary purpose of this 8-K filing is to publicly announce the declaration of the company's quarterly dividend, in compliance with Regulation FD.
How much is the new quarterly dividend and who is eligible?
The quarterly dividend is set at $0.6695 per share. It is payable to shareholders of record of the Common Stock and Series A and Series B ESOP Convertible Class A Preferred Stock as of January 20, 2017.
When will the dividend be paid?
The dividend payment will be made on or after February 15, 2017.
Does this filing contain any updates on Procter & Gamble's financial performance or business operations?
No, this specific 8-K filing, dated January 10, 2017, is solely for the purpose of announcing the dividend declaration and does not contain new financial results or operational updates.
04—Continue