Procter & Gamble raises dividend by 10%

Procter & Gamble Co.

said late Tuesday its board has declared a 10% increase in the consumer products giant’s quarterly dividend. The dividend of 86.98 cents a share will be payable on May 17 to shareholders of record at the close of business on April 23. Shares of Procter & Gamble rose 0.1% in the extended session after ending the regular trading day down 1.3%.