By Matt Grossman

 

Procter & Gamble Co. shares were roughly flat Wednesday afternoon against the backdrop of falling stock indexes a day after the company raised its quarterly dividend.

The company's shares were 0.2% higher at $121.22 in recent trading, while the S&P 500 index was down 2.3%.

On Tuesday, Procter & Gamble increased its quarterly dividend by 6% to 79 cents a share. The company has accelerated production of toilet paper and paper towels during the Covid-19 crisis.

 

Write to Matt Grossman at matt.grossman@wsj.com

 

(END) Dow Jones Newswires

April 15, 2020 13:20 ET (17:20 GMT)

Copyright (c) 2020 Dow Jones & Company, Inc.
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