Procter & Gamble raises dividend by 7 percent

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NEW YORK (AP) — Consumer products maker Procter & Gamble Co. is raising its quarterly dividend by 7 percent to 56.2 cents.

The Cincinnati company had been paying a quarterly dividend of 52.5 cents. It pays dividends on common shares certain preferred shares. Its next dividend is payable May 15 to shareholders of record as of April 27.

Procter & Gamble makes Tide laundry detergent, Crest toothpaste, Pampers diapers, and other products.

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