NEW YORK, NY / ACCESSWIRE / April 12, 2018 / Shares of Newell Brands closed up modestly on Wednesday with lackluster volume. The shares traded flat despite a boardroom battle going on between Carl Icahn and Starboard Value's Jeff Smith. Shares of Procter & Gamble fell modestly yesterday despite good news from the company. Procter has raised its dividend for the 62nd straight year in a row and introduced two new natural sleep aids.

RDI Initiates Coverage on:

Newell Brands Inc.
https://www.rdinvesting.com/report/?ticker=NWL

The Procter & Gamble Company
https://www.rdinvesting.com/report/?ticker=PG

Newell Brands Inc. shares closed up 0.35% on Wednesday with about 3.6 million shares traded. It was this week that Starboard Value LP, who is a significant shareholder of the company, said that it has filed definitive proxy materials, which includes a BLUE proxy card, to elect four highly qualified director nominees to the company's Board of Directors at the next 2018 annual meeting. The meeting is scheduled to be held on May 15th. The nominees are Pauline J. Brown, Gerardo I. Lopez, Bridget Ryan Berman and Robert A. Steele. Starboard has stated, "Unfortunately, instead of enacting the right change at Newell, Carl Icahn chose to place three of his direct representatives on the board and two other 'independent' directors, one of whom has no public board experience and graduated from the same college in the same year as Brett Icahn, another Newell director appointed by Carl Icahn." Brett Icahn is the son of Carl Icahn. Starboard argues that its candidates are better able to oversee asset sales.

Access RDI's Newell Brands Inc. Research Report at:
https://www.rdinvesting.com/report/?ticker=NWL

The Procter & Gamble Company shares closed down a modest 0.13% on Wednesday with nearly 7 million shares traded. The company announced on Tuesday that its board of directors have raised the quarterly dividend by 4% to 71.72 cents a share. The dividend will be payable on May 15th to shareholders of record on April 20th. This is the 62nd year in a row that the company has raised its dividend. Procter & Gamble has forecast that total dividend payments to shareholders will be at almost $7.5 billion in fiscal year 2018. In other news the company announced yesterday that it has introduced two Vicks ZzzQuill sleep aids that are natural. Vicks ZzzQuil PURE Zzzs Melatonin Gummies and Vicks PURE Zzzs Soothing Aromatherapy Balm allow users to fall asleep naturally and awake the next day without grogginess according to the company's press release. The company also noted that the gummies are suitable for vegans.

Access RDI's The Procter & Gamble Company Research Report at:
https://www.rdinvesting.com/report/?ticker=PG

Our Actionable Research on Newell Brands Inc. (NYSE: NWL) and The Procter & Gamble Company (NYSE: PG) can be downloaded free of charge at Research Driven Investing.

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SOURCE: RDInvesting.com