Procter & Gamble Co (PG) To Go Ex-Dividend on October 18th

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 paid a dividend of 0.7172 per share on Thursday, November 15th. This represents a $2.87 annualized dividend and a yield of 3.54%. The ex-dividend date of this dividend is Thursday, October 18th.

Procter & Gamble has increased its dividend by an average of 2.6% annually over the last three years and has raised its dividend every year for the last 61 years. Procter & Gamble has a payout ratio of 64.9% indicating that its dividend is sufficiently covered by earnings. 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%.

Shares of PG stock opened at $81.01 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.66 and a debt-to-equity ratio of 0.40. Procter & Gamble has a 1 year low of $70.73 and a 1 year high of $93.14. The firm has a market capitalization of $209.82 billion, a price-to-earnings ratio of 19.20, a price-to-earnings-growth ratio of 2.68 and a beta of 0.59.

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

In other Procter & Gamble news, insider Kathleen B. Fish sold 10,342 shares of the company’s stock in a transaction that occurred on Friday, August 31st. The shares were sold at an average price of $83.20, for a total value of $860,454.40. Following the completion of the transaction, the insider now directly owns 16,382 shares in the company, valued at approximately $1,362,982.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. 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 shares were 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 of the company’s stock, valued at $9,244,451.30. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 147,186 shares of company stock valued at $12,080,849. 1.84% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in PG. Phocas Financial Corp. increased its position in Procter & Gamble by 99,943.2% in the 2nd quarter. Phocas Financial Corp. now owns 7,573,274 shares of the company’s stock valued at $591,000 after acquiring an additional 7,565,704 shares during the period. Voya Investment Management LLC increased its position in Procter & Gamble by 17.9% in the 2nd quarter. Voya Investment Management LLC now owns 3,263,522 shares of the company’s stock valued at $254,751,000 after acquiring an additional 495,676 shares during the period. California Public Employees Retirement System increased its position in Procter & Gamble by 5.5% in the 2nd quarter. California Public Employees Retirement System now owns 6,568,932 shares of the company’s stock valued at $512,771,000 after acquiring an additional 344,874 shares during the period. Moneta Group Investment Advisors LLC increased its position in Procter & Gamble by 371.6% in the 2nd quarter. Moneta Group Investment Advisors LLC now owns 290,846 shares of the company’s stock valued at $2,509,000 after acquiring an additional 229,171 shares during the period. Finally, Davy Asset Management Ltd acquired a new position in Procter & Gamble in the 2nd quarter valued at approximately $5,713,000. Hedge funds and other institutional investors own 58.36% of the company’s stock.

Several research analysts have recently weighed in on PG shares. ValuEngine upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research note on Friday, August 17th. Wells Fargo & Co restated a “hold” rating and set a $78.00 price objective on shares of Procter & Gamble in a research note on Thursday, August 16th. Atlantic Securities started coverage on shares of Procter & Gamble in a research note on Thursday, September 20th. They set an “overweight” rating and a $94.00 price objective on the stock. Jefferies Financial Group lowered shares of Procter & Gamble to a “hold” rating and set a $79.00 price objective on the stock. in a research note on Tuesday, July 31st. Finally, UBS Group lowered shares of Procter & Gamble from a “buy” rating to a “neutral” rating and set a $83.00 price objective on the stock. in a research note on Wednesday, July 18th. Two research analysts have rated the stock with a sell rating, thirteen have assigned a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average price target of $84.53.

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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