Procter & Gamble Company (The) (NYSE:PG) Shareholders to Receive $1.09 Quarterly Dividend

Procter & Gamble Company (The) (NYSE:PG) declared a quarterly dividend on Tuesday, October 13th. Investors of record on Friday, October 23rd will be paid a dividend of $1.0885 per share on Monday, November 16th. This represents a $4.35 annualized dividend and a yield of 2.8%. The ex-dividend date is Friday, October 23rd.

Procter & Gamble has raised its dividend payment by an average of 0.1% annually over the last three years and has raised its dividend annually for the last 70 consecutive years. Procter & Gamble has a payout ratio of 62.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Procter & Gamble to earn $7.42 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 58.6%.

Procter & Gamble Stock Down 0.1%

PG opened at $152.99 on Wednesday. The stock has a market cap of $355.33 billion, a PE ratio of 23.11, a P/E/G ratio of 3.81 and a beta of 0.39. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. Procter & Gamble has a 52 week low of $137.62 and a 52 week high of $167.25. The business’s fifty day simple moving average is $146.21 and its 200 day simple moving average is $146.23.

Procter & Gamble (NYSE:PG) last released its quarterly earnings results on Wednesday, July 29th. The company reported $1.43 earnings per share for the quarter, beating analysts’ consensus estimates of $1.41 by $0.02. Procter & Gamble had a return on equity of 31.36% and a net margin of 18.44%. The business had revenue of $21.20 billion for the quarter, compared to the consensus estimate of $21.38 billion. During the same quarter last year, the business posted $1.48 earnings per share. The company’s revenue for the quarter was up 1.5% on a year-over-year basis. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. As a group, research analysts expect that Procter & Gamble will post 6.98 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PG. Citigroup reissued a “buy” rating on shares of Procter & Gamble in a report on Friday. Barclays boosted their target price on Procter & Gamble from $146.00 to $152.00 and gave the stock an “equal weight” rating in a research report on Tuesday, July 21st. TD Cowen reaffirmed a “hold” rating and issued a $150.00 target price on shares of Procter & Gamble in a research note on Wednesday, September 30th. Evercore upgraded shares of Procter & Gamble from an “in-line” rating to an “outperform” rating and set a $166.00 price target on the stock in a research report on Tuesday, October 6th. Finally, HSBC reissued a “hold” rating and set a $149.00 price target (down from $182.00) on shares of Procter & Gamble in a research note on Thursday, July 30th. Fourteen investment analysts have rated the stock with a Buy rating and ten have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $161.70.

About Procter & Gamble

The Procter & Gamble Company (NYSE: PG) is a consumer products company that develops, manufactures and markets branded products used in households and personal care routines. Its portfolio includes products in categories such as beauty, grooming, health care, fabric and home care, and family care.

Major brands associated with Procter & Gamble include Pampers, Tide, Gillette, Head & Shoulders, Pantene, Oral-B, Crest, Olay, Old Spice, Febreze, Mr. Clean, Swiffer and Bounty. The company sells its products through retailers, e-commerce platforms and other distribution channels.

Founded in Cincinnati, Ohio, in 1837 by William Procter and James Gamble, the company has grown into a global consumer goods business serving customers in markets around the world.