Procter & Gamble Co (PG) Declares $0.72 Quarterly Dividend

Procter & Gamble Co (NYSE:PG) announced a quarterly dividend on Tuesday, October 9th, RTT News reports. Shareholders of record on Friday, October 19th will be given a dividend of 0.7172 per share on Thursday, November 15th. This represents a $2.87 annualized dividend and a yield of 3.48%.

Procter & Gamble has raised its dividend payment by an average of 2.6% per year over the last three years and has increased its dividend every year for the last 61 years. Procter & Gamble has a dividend payout ratio of 64.9% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Procter & Gamble to earn $4.69 per share next year, which means the company should continue to be able to cover its $2.87 annual dividend with an expected future payout ratio of 61.2%.

NYSE PG traded up $0.04 during trading on Tuesday, hitting $82.44. 181,258 shares of the company’s stock traded hands, compared to its average volume of 8,818,045. The company has a market cap of $209.82 billion, a PE ratio of 19.50, a price-to-earnings-growth ratio of 2.68 and a beta of 0.59. Procter & Gamble has a 12-month low of $70.73 and a 12-month high of $93.51. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 0.40.

Procter & Gamble (NYSE:PG) last released its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.04. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The business had revenue of $16.50 billion for the quarter, compared to the consensus estimate of $16.52 billion. During the same period in the prior year, the firm earned $0.85 earnings per share. The company’s revenue was up 2.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Procter & Gamble will post 4.42 EPS for the current year.

PG has been the topic of several analyst reports. Morgan Stanley reiterated a “hold” rating on shares of Procter & Gamble in a research report on Monday, June 11th. Zacks Investment Research cut Procter & Gamble from a “hold” rating to a “sell” rating in a research report on Monday, June 25th. Jefferies Financial Group cut Procter & Gamble from a “buy” rating to a “hold” rating and set a $95.00 price target on the stock. in a research report on Monday, July 9th. UBS Group cut Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 price target on the stock. in a research report on Wednesday, July 18th. Finally, Citigroup decreased their price target on Procter & Gamble from $98.00 to $89.00 and set a “buy” rating on the stock in a research report on Friday, July 20th. One analyst has rated the stock with a sell rating, fourteen have given a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and an average target price of $84.53.

In related news, insider Kathleen B. Fish sold 599 shares of the company’s stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $83.48, for a total value of $50,004.52. Following the transaction, the insider now directly owns 38,655 shares in the company, valued at $3,226,919.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jon R. Moeller sold 2,873 shares of the company’s stock in a transaction that occurred on Monday, August 13th. The stock was sold at an average price of $81.35, for a total transaction of $233,718.55. Following the completion of the transaction, the insider now owns 113,638 shares in the company, valued at $9,244,451.30. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 147,186 shares of company stock worth $12,080,849. 1.84% of the stock is owned by company insiders.

Several hedge funds have recently bought and sold shares of the stock. Tocqueville Asset Management L.P. grew its position in Procter & Gamble by 1.8% during the second quarter. Tocqueville Asset Management L.P. now owns 515,353 shares of the company’s stock valued at $40,228,000 after acquiring an additional 8,868 shares during the last quarter. BB&T Securities LLC grew its position in Procter & Gamble by 0.5% during the second quarter. BB&T Securities LLC now owns 674,183 shares of the company’s stock valued at $52,626,000 after acquiring an additional 3,341 shares during the last quarter. AMP Capital Investors Ltd grew its position in Procter & Gamble by 0.7% during the second quarter. AMP Capital Investors Ltd now owns 1,213,314 shares of the company’s stock valued at $94,712,000 after acquiring an additional 8,921 shares during the last quarter. Flinton Capital Management LLC grew its position in Procter & Gamble by 7.1% during the second quarter. Flinton Capital Management LLC now owns 70,496 shares of the company’s stock valued at $5,503,000 after acquiring an additional 4,672 shares during the last quarter. Finally, Twin Capital Management Inc. grew its position in Procter & Gamble by 0.8% during the second quarter. Twin Capital Management Inc. now owns 288,390 shares of the company’s stock valued at $22,512,000 after acquiring an additional 2,250 shares during the last quarter. Institutional investors own 58.36% of the company’s stock.

Procter & Gamble Company Profile

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Dividend History for Procter & Gamble (NYSE:PG)

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