Procter & Gamble Co (NYSE:PG) Plans Quarterly Dividend of $0.69

Procter & Gamble Co (NYSE:PG) announced a quarterly dividend on Tuesday, January 9th, RTT News reports. Stockholders of record on Friday, January 19th will be given a dividend of 0.6896 per share on Thursday, February 15th. This represents a $2.76 annualized dividend and a dividend yield of 3.19%. The ex-dividend date is Thursday, January 18th.

Procter & Gamble has raised its dividend by an average of 2.6% annually over the last three years and has increased its dividend annually for the last 61 consecutive years. Procter & Gamble has a payout ratio of 65.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Procter & Gamble to earn $4.53 per share next year, which means the company should continue to be able to cover its $2.76 annual dividend with an expected future payout ratio of 60.9%.

Procter & Gamble (NYSE:PG) opened at $86.34 on Thursday. The firm has a market cap of $219,040.00, a PE ratio of 23.02, a P/E/G ratio of 2.71 and a beta of 0.67. Procter & Gamble has a 1 year low of $85.42 and a 1 year high of $94.67. The company has a current ratio of 0.94, a quick ratio of 0.79 and a debt-to-equity ratio of 0.41.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $1.19 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.14 by $0.05. Procter & Gamble had a net margin of 15.34% and a return on equity of 20.66%. The business had revenue of $17.40 billion for the quarter, compared to the consensus estimate of $17.39 billion. During the same period in the prior year, the firm earned $1.08 earnings per share. The company’s revenue was up 3.2% compared to the same quarter last year. equities analysts forecast that Procter & Gamble will post 4.2 EPS for the current year.

A number of equities research analysts recently weighed in on the stock. Zacks Investment Research downgraded shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research note on Wednesday, October 18th. Jefferies Group reiterated a “buy” rating and set a $104.00 price target on shares of Procter & Gamble in a research report on Tuesday, October 10th. Goldman Sachs Group reiterated a “sell” rating on shares of Procter & Gamble in a research report on Wednesday, October 4th. Wells Fargo & Co restated a “hold” rating and issued a $88.00 target price on shares of Procter & Gamble in a report on Sunday, December 17th. Finally, Deutsche Bank assumed coverage on shares of Procter & Gamble in a report on Tuesday, December 19th. They issued a “buy” rating and a $91.88 target price on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Procter & Gamble has a consensus rating of “Buy” and an average price target of $88.38.

In related news, insider R. Alexandra Keith sold 1,298 shares of the business’s stock in a transaction that occurred on Wednesday, November 29th. The stock was sold at an average price of $89.11, for a total value of $115,664.78. Following the transaction, the insider now directly owns 20,135 shares of the company’s stock, valued at approximately $1,794,229.85. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Marylynn Fergusonmchugh sold 4,363 shares of the business’s stock in a transaction that occurred on Tuesday, November 7th. The stock was sold at an average price of $87.00, for a total value of $379,581.00. Following the completion of the transaction, the insider now directly owns 85,495 shares in the company, valued at $7,438,065. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 70,152 shares of company stock valued at $6,232,571. Corporate insiders own 0.35% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Procter & Gamble by 2.3% during the 2nd quarter. Vanguard Group Inc. now owns 180,730,770 shares of the company’s stock worth $15,750,688,000 after acquiring an additional 4,066,266 shares in the last quarter. BlackRock Inc. raised its holdings in shares of Procter & Gamble by 1.4% during the 2nd quarter. BlackRock Inc. now owns 156,361,011 shares of the company’s stock worth $13,626,862,000 after acquiring an additional 2,164,426 shares in the last quarter. Trian Fund Management L.P. raised its holdings in shares of Procter & Gamble by 2.4% during the 2nd quarter. Trian Fund Management L.P. now owns 37,612,012 shares of the company’s stock worth $3,277,887,000 after acquiring an additional 893,157 shares in the last quarter. American Century Companies Inc. raised its holdings in shares of Procter & Gamble by 8.1% during the 2nd quarter. American Century Companies Inc. now owns 12,490,795 shares of the company’s stock worth $1,088,573,000 after acquiring an additional 934,179 shares in the last quarter. Finally, Capital Research Global Investors raised its holdings in shares of Procter & Gamble by 74.2% during the 2nd quarter. Capital Research Global Investors now owns 12,389,104 shares of the company’s stock worth $1,079,710,000 after acquiring an additional 5,278,359 shares in the last quarter. 59.65% of the stock is currently owned by institutional investors and hedge funds.

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Procter & Gamble Company Profile

The Procter & Gamble Company is focused on providing branded consumer packaged goods to the consumers across the world. The Company operates through five segments: Beauty; Grooming; Health Care; Fabric & Home Care, and Baby, Feminine & Family Care. The Company sells its products in approximately 180 countries and territories primarily through mass merchandisers, grocery stores, membership club stores, drug stores, department stores, distributors, baby stores, specialty beauty stores, e-commerce, high-frequency stores and pharmacies.

Dividend History for Procter & Gamble (NYSE:PG)

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