Procter & Gamble Co. plans to keep the Gillette name on the New England Patriots stadium through the 2031 football season.
The consumer products maker from Cincinnati said last week it has extended its sponsorship and naming rights deal by 14 years with The Kraft Group, the holding company for the family that owns the Patriots and stadium in Foxborough, Mass. Financial terms werent disclosed.
The Boston-based Gillette Co. signed a 15-year deal for naming rights in August 2002. P&G, whose other brands include Tide detergent and Pampers diapers, acquired the shaver maker in 2005.
Microsoft dividend raised 23 percent
Microsoft is raising its quarterly dividend for the first time in two years in a move that will return more of the software makers cash to its shareholders.
The increase announced last week means investors who own Microsoft stock as of Nov. 18 will receive 16 cents a share, up from the 13 cents a share the company had been paying for the past eight quarters.
Microsofts increase comes a week after another technology heavyweight, Cisco Systems Inc., announced plans to pay a stock dividend for the first time.
Microsoft ended June with nearly $37 billion in cash. The software maker has been paying dividends since 2004.