By Micah Maidenberg

Procter & Gamble Co. said Tuesday it raised its quarterly dividend to roughly 87 cents a share, a 10% increase compared with the payout for the prior quarter.

The increase comes after the consumer products giant has reported strong results during the pandemic, with demand for beauty, health and grooming all gaining ground in the company's fiscal second quarter that ended Dec. 31.

Overall for that period, Procter generated about $19.8 billion in sales, up 8% year over year, and $3.9 billion in profit.

Write to Micah Maidenberg at

(END) Dow Jones Newswires

April 13, 2021 16:53 ET (20:53 GMT)

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