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PROCTER & GAMBLE DECLARES QUARTERLY DIVIDEND; PROCTER & GAMBLE ANNUAL SHAREHOLDERS' MEETING

 PROCTER & GAMBLE DECLARES QUARTERLY DIVIDEND;
 PROCTER & GAMBLE ANNUAL SHAREHOLDERS' MEETING
 CINCINNATI, Oct. 13 /PRNewswire/ -- Directors of the Procter & Gamble Company (NYSE: PG) declared a quarterly dividend of 27-1/2 cents per share on the common stock of the company, payable on or after November 16, 1992 to shareholders of record at the close of business on October 23, 1992.
 Separately, at today's annual meeting, Chairman and Chief Executive, Edwin L. Artzt, told shareholders that P&G is making good progress against its long-term goals for diversification and globalization.
 Despite economists' anticipation of another year of sluggish markets and a modest rate of economic recovery, Artzt stated, "I believe that our company is better positioned to deal with the economic realities of the marketplace, whatever they might be, than at any time in our past. And looking ahead, I am optimistic about the company's future." Artzt also repeated the company's expectation to exceed $50 billion in sales and $3 billion in earnings before the end of this decade.
 In voting at the meeting, all directors whose terms were due to expire were elected to terms expiring in 1995.
 Three Board proposals were approved. They covered ratifying the appointment of independent auditors; amending the company's articles of incorporation to authorize additional shares of common stock and approval of a new stock plan.
 Seven shareholder proposals, opposed by the board, were rejected.
 -0- 10/13/92
 /CONTACT: Linda L. Ulrey, 513-983-5796, or Sydney L. McHugh, 513-983-4185, both of The Procter & Gamble Company/
 (PG) CO: The Procter & Gamble Company ST: Ohio IN: HOU SU: DIV


BM -- CL023 -- 9573 10/13/92 17:35 EDT
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Publication:PR Newswire
Date:Oct 13, 1992
Words:270
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