Procter & Gamble Company (The) Declares Quarterly Dividend of $1.06 (NYSE:PG)

Key Points

• Procter & Gamble declared a quarterly dividend of $1.06 per share, with stockholders of record set to receive this payment on November 17th, 2023.
• The company has a current payout ratio of 60.4%, indicating strong earnings capability to support its dividends.
• Procter & Gamble reported $1.48 EPS for the last quarter, exceeding analysts' expectations and showing a year-over-year revenue increase of 1.7% to $20.89 billion.

Procter & Gamble Company (The) (NYSE:PG - Get Free Report) declared a quarterly dividend on Tuesday, October 14th. Stockholders of record on Friday, October 24th will be paid a dividend of 1.0568 per share on Monday, November 17th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date of this dividend is Friday, October 24th.

Procter & Gamble has a payout ratio of 60.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Procter & Gamble to earn $7.34 per share next year, which means the company should continue to be able to cover its $4.23 annual dividend with an expected future payout ratio of 57.6%.

Procter & Gamble Stock Performance

Shares of Procter & Gamble stock opened at $149.18 on Wednesday. The company has a debt-to-equity ratio of 0.49, a quick ratio of 0.49 and a current ratio of 0.70. The business's 50 day moving average price is $155.15 and its 200 day moving average price is $159.20. The company has a market cap of $349.15 billion, a price-to-earnings ratio of 22.92, a PEG ratio of 3.91 and a beta of 0.36. Procter & Gamble has a one year low of $146.96 and a one year high of $180.43.

Procter & Gamble (NYSE:PG - Get Free Report) last issued its earnings results on Tuesday, July 29th. The company reported $1.48 EPS for the quarter, topping analysts' consensus estimates of $1.42 by $0.06. The company had revenue of $20.89 billion for the quarter, compared to the consensus estimate of $20.79 billion. Procter & Gamble had a net margin of 18.95% and a return on equity of 32.69%. Procter & Gamble's quarterly revenue was up 1.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.40 earnings per share. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. On average, research analysts predict that Procter & Gamble will post 6.91 EPS for the current year.

Procter & Gamble Company Profile

Procter & Gamble Co engages in the provision of branded consumer packaged goods. It operates through the following segments: Beauty, Grooming, Health Care, Fabric and Home Care, and Baby, Feminine and Family Care. The Beauty segment offers hair, skin, and personal care. The Grooming segment consists of shave care like female and male blades and razors, pre and post shave products, and appliances.

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