P&G Hygiene and Health Care Ltd plans to pay an interim dividend of Rs362/share or 5% of its current market price. P&G Hygiene will pay out Rs1,175 crore as dividend and Rs240 crore as dividend distribution tax. P&G will get a sizeable share of the payout, as it owns a 70.5% share in P&G Hygiene and 75% in Gillette. Gillette is doing well to grow both sales and profits, but P&G Hygiene is finding the going tougher. That can contribute to sustaining the return ratios, which will otherwise begin to slide.

Source: Mint May 08, 2017 02:15 UTC