Procter & Gamble Co (NYSE:PG) to Issue $0.75 Quarterly Dividend

Procter & Gamble Co (NYSE:PG) declared a quarterly dividend on Tuesday, July 9th, RTT News reports. Investors of record on Friday, July 19th will be given a dividend of 0.7459 per share on Thursday, August 15th. This represents a $2.98 dividend on an annualized basis and a yield of 2.58%. The ex-dividend date is Thursday, July 18th.

Procter & Gamble has increased its dividend payment by an average of 2.6% annually over the last three years and has increased its dividend annually for the last 62 consecutive years. Procter & Gamble has a dividend payout ratio of 67.4% meaning its dividend is sufficiently covered by earnings. Research analysts expect Procter & Gamble to earn $4.76 per share next year, which means the company should continue to be able to cover its $2.98 annual dividend with an expected future payout ratio of 62.6%.

NYSE PG opened at $115.48 on Tuesday. The business has a 50 day simple moving average of $110.09. The company has a current ratio of 0.79, a quick ratio of 0.60 and a debt-to-equity ratio of 0.39. Procter & Gamble has a 12 month low of $77.54 and a 12 month high of $115.88. The stock has a market cap of $288.43 billion, a PE ratio of 27.36, a PEG ratio of 3.49 and a beta of 0.45.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.06 EPS for the quarter, topping the Zacks’ consensus estimate of $1.04 by $0.02. Procter & Gamble had a return on equity of 21.61% and a net margin of 16.44%. The company had revenue of $16.46 billion for the quarter, compared to analysts’ expectations of $16.37 billion. During the same period in the previous year, the firm earned $1.00 EPS. The firm’s revenue was up 1.1% compared to the same quarter last year. As a group, sell-side analysts predict that Procter & Gamble will post 4.48 earnings per share for the current fiscal year.

In other Procter & Gamble news, insider Carolyn M. Tastad sold 3,980 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $105.85, for a total value of $421,283.00. Following the transaction, the insider now owns 46,495 shares of the company’s stock, valued at approximately $4,921,495.75. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman David S. Taylor sold 23,045 shares of the company’s stock in a transaction on Thursday, May 16th. The shares were sold at an average price of $107.95, for a total value of $2,487,707.75. The disclosure for this sale can be found here. In the last three months, insiders have sold 320,840 shares of company stock worth $33,904,086. Corporate insiders own 1.84% of the company’s stock.

A number of research analysts recently commented on PG shares. UBS Group boosted their price target on W. R. Berkley from $53.00 to $56.00 and gave the stock a “sell” rating in a report on Wednesday, April 24th. Goldman Sachs Group raised to a “neutral” rating and decreased their price objective for the stock from GBX 1,855 ($24.24) to GBX 1,800 ($23.52) in a report on Thursday, June 27th. DZ Bank reaffirmed a “buy” rating on shares of Deutz in a report on Wednesday, April 24th. Scotiabank reaffirmed a “buy” rating on shares of Procter & Gamble in a report on Friday, July 5th. Finally, Morgan Stanley set a $111.00 price objective on Procter & Gamble and gave the stock a “buy” rating in a report on Thursday, March 28th. One analyst has rated the stock with a sell rating, ten have given a hold rating and twelve have issued a buy rating to the company. Procter & Gamble currently has an average rating of “Hold” and a consensus price target of $102.32.

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.

See Also: Holder of Record

Dividend History for Procter & Gamble (NYSE:PG)

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