P&G scales record high after fixing record date for special dividend

Procter & Gamble Hygiene and Health Care rose 2.1% to Rs 7,974.40 on BSE after the company fixed 18 May 2017 as record date for payment of special interim dividend of Rs 362 per equity share.

Meanwhile, the S&P BSE Sensex was up 7.10 points, or 0.02% to 29,933.25

On the BSE, 1,655 shares were traded in the counter so far, compared with average daily volumes of 2,878 shares in the past one quarter. The stock had hit a high of Rs 8,052 during the day, which is also a record high for the counter. The stock had hit a low of Rs 7,814 in intraday trade. The stock hit a 52-week low of Rs 6,025 on 29 June 2016.

The large-cap company has equity capital of Rs 32.46 crore. Face value per share is Rs 10.

Procter & Gamble Hygiene and Health Care's net profit rose 2.65% to Rs 99.63 crore on 5.53% rise in net sales to Rs 573.87 crore in Q3 March 2017 over Q3 March 2016. The result was announced after market hours on Friday, 5 May 2017. The stock had gained 5.92% to settle at Rs 7,810.05 yesterday, 8 May 2017.

The stock offers a dividend yield of 4.53% based on its current price of Rs 7,974.40 on the BSE today, 9 May 2017. The board of Procter & Gamble Hygiene and Health Care had declared a special interim dividend of Rs 362 per equity share.

Procter & Gamble Hygiene and Health Care is an FMCG company.

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