Procter & Gamble to cut capital investments & suspend ads in Russia

But, they’ll continue selling consumer staples.

Procter & Gamble (PG) has a current dividend yield of 2.34% and is rated as “Very Safe” by SimplySafeDividends. I hold PG in my Low Yield Portfolio. In total PG is 0.6% of my portfolio.

Procter & Gamble Co. said Monday it will scale back operations in Russia.

Chief executive Jon Moeller, in a letter to employees, said the maker of Tide and Pampers will halt spending on capital investments, advertising and promotions while selling only products that focus on basic health, hygiene and personal care.

P&G to Suspend Ads, Capital Investments in Russia (