Procter & Gamble Company (The) (NYSE:PG – Get Free Report) announced a quarterly dividend on Tuesday, July 14th. Investors of record on Friday, July 24th will be given a dividend of 1.0885 per share on Monday, August 17th. This represents a c) annualized dividend and a yield of 2.9%. The ex-dividend date of this dividend is Friday, July 24th.
Procter & Gamble has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 70 consecutive years. Procter & Gamble has a payout ratio of 62.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Procter & Gamble to earn $7.03 per share next year, which means the company should continue to be able to cover its $4.35 annual dividend with an expected future payout ratio of 61.9%.
Procter & Gamble Stock Down 0.7%
PG opened at $148.12 on Wednesday. The stock has a fifty day moving average of $147.00 and a 200-day moving average of $148.63. The company has a market capitalization of $344.91 billion, a P/E ratio of 21.66, a P/E/G ratio of 7.42 and a beta of 0.39. Procter & Gamble has a fifty-two week low of $137.62 and a fifty-two week high of $167.25. The company has a debt-to-equity ratio of 0.44, a quick ratio of 0.53 and a current ratio of 0.73.
About Procter & Gamble
Procter & Gamble (NYSE: PG) is a multinational consumer goods company headquartered in Cincinnati, Ohio. Founded in 1837 by William Procter and James Gamble, P&G has grown into one of the world’s largest producers of branded consumer packaged goods. The company focuses on developing, manufacturing and marketing a broad portfolio of household and personal care products sold to consumers and retailers worldwide.
P&G’s product offering spans several core business categories, including Beauty, Grooming, Health Care, Fabric & Home Care, and Baby, Feminine & Family Care.
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