Procter & Gamble raises dividend again, by 9.5 percent

P&G hikes dividend

CINCINNATI — Consumer products maker Procter & Gamble has raised its quarterly dividend by nearly 10 percent.

The Cincinnati-based company with such brands as Tide detergent and Pampers diapers said Monday its board of directors raised the dividend from 44 cents a share to a little more than 48 cents a share, or 9.5 percent.

The board last year raised the dividend by 4 cents, or 10 percent, and the company says it has now increased its dividend for 54 straight years.

The next dividend payment will be May 17 to shareholders of record at the close of business on April 30.