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Church & Dwight boosts dividend by 21 percent

Thu, 08/05/2010 - 8:13am
The Associated Press

Church & Dwight Co. Inc. said Thursday its board of directors approved a 21 percent increase in its regular quarterly dividend to 17 cents a share, up from 14 cents.

The maker of Nair and Arm & Hammer will pay the dividend on Sept. 1 to shareholders of record on Aug. 16.

The announcement came as the company reported a 28 percent rise in second-quarter net income but said its margins were hurt by heightened competition and increasing spending on promotions.

Shares of Church & Dwight fell $2.81, or 4.3 percent, to $62.72 in morning trading Thursday.

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