The Procter & Gamble Company (NYSE:PG) Declares $1.01 Quarterly Dividend

The Procter & Gamble Company (NYSE:PG) declared a quarterly dividend on Tuesday, January 14th,RTT News reports. Shareholders of record on Friday, January 24th will be paid a dividend of 1.0065 per share on Tuesday, February 18th. This represents a $4.03 dividend on an annualized basis and a yield of 2.52%. The ex-dividend date is Friday, January 24th.

Procter & Gamble has increased its dividend by an average of 5.2% annually over the last three years and has raised its dividend annually for the last 69 consecutive years. Procter & Gamble has a payout ratio of 54.3% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Procter & Gamble to earn $7.38 per share next year, which means the company should continue to be able to cover its $4.03 annual dividend with an expected future payout ratio of 54.6%.

Procter & Gamble Stock Up 0.0 %

PG opened at $159.75 on Thursday. Procter & Gamble has a 12 month low of $146.28 and a 12 month high of $180.43. The company has a market cap of $376.22 billion, a PE ratio of 27.54, a price-to-earnings-growth ratio of 3.41 and a beta of 0.45. The company has a current ratio of 0.75, a quick ratio of 0.55 and a debt-to-equity ratio of 0.50. The company has a 50 day moving average of $169.40 and a 200 day moving average of $169.52.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings results on Friday, October 18th. The company reported $1.93 EPS for the quarter, topping analysts’ consensus estimates of $1.90 by $0.03. The firm had revenue of $21.74 billion during the quarter, compared to analyst estimates of $21.99 billion. Procter & Gamble had a return on equity of 33.25% and a net margin of 17.07%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period last year, the company earned $1.83 earnings per share. On average, sell-side analysts expect that Procter & Gamble will post 6.93 EPS for the current year.

Insiders Place Their Bets

In other Procter & Gamble news, insider Balaji Purushothaman sold 12,800 shares of the business’s stock in a transaction on Thursday, October 24th. The shares were sold at an average price of $168.99, for a total transaction of $2,163,072.00. Following the transaction, the insider now directly owns 11,566 shares of the company’s stock, valued at approximately $1,954,538.34. The trade was a 52.53 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Gary A. Coombe sold 47,847 shares of the firm’s stock in a transaction dated Wednesday, November 27th. The stock was sold at an average price of $179.84, for a total transaction of $8,604,804.48. Following the completion of the sale, the chief executive officer now directly owns 39,977 shares of the company’s stock, valued at approximately $7,189,463.68. This represents a 54.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 75,439 shares of company stock valued at $13,317,460 in the last quarter. Insiders own 0.18% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on PG shares. Piper Sandler initiated coverage on shares of Procter & Gamble in a report on Tuesday, September 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $164.00 target price on shares of Procter & Gamble in a research report on Monday, October 21st. Wells Fargo & Company cut their price target on shares of Procter & Gamble from $190.00 to $176.00 and set an “overweight” rating for the company in a research note on Tuesday, January 7th. JPMorgan Chase & Co. raised their price objective on shares of Procter & Gamble from $179.00 to $186.00 and gave the company an “overweight” rating in a research report on Thursday, September 19th. Finally, Hsbc Global Res upgraded shares of Procter & Gamble to a “strong-buy” rating in a research report on Friday, October 4th. Eight analysts have rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $179.75.

About Procter & Gamble

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.