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Home Industry News Gamble ‘to increase quarterly dividend’

Gamble ‘to increase quarterly dividend’

9th April 2008

Multinational pharmaceutical firm Procter & Gamble has revised its quarterly dividend projection up by 14 per cent, according to reports.

It will increase the dividend paid to shareholders from 35 cents (17 pence) to 40 cents per share, international business newswire Dow Jones said.

Since its formation in 1837, Procter & Gamble has become one of the world’s most formidable corporations. It is now the 25th largest company in the United States and employs some 138,000 people in 80 different countries worldwide.

The company’s operations include healthcare, beauty products, food stuffs and cleaning agents, with 23 of its brands boasting net sales of over $1 billion (500 million pounds). These include Crest toothpaste, Gillette razors, Duracell batteries and Ariel washing powder.

The corporation’s pharmaceuticals arm focuses on developing therapies for the treatment of musculoskeltal conditions such as osteoporosis and rheumatoid arthritis, as well as gastrointestinal ailments and women’s health issues.

Proctor & Gamble is also credited with inventing the soap opera by sponsoring radio dramas in the 1930s as a way of promoting its soap products.

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