Procter & Gamble Company (The) (NYSE:PG) Announces $1.09 Quarterly Dividend

Procter & Gamble Company (The) (NYSE:PG) declared 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) dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date is Friday, July 24th.

Procter & Gamble has increased its dividend payment by an average of 0.1%per year over the last three years and has increased its dividend annually for the last 70 consecutive years. Procter & Gamble has a dividend payout ratio of 62.1% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect Procter & Gamble to earn $7.05 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 61.7%.

Procter & Gamble Price Performance

Procter & Gamble stock opened at $146.16 on Wednesday. Procter & Gamble has a 52-week low of $137.62 and a 52-week high of $167.25. The company has a quick ratio of 0.53, a current ratio of 0.73 and a debt-to-equity ratio of 0.44. The firm’s fifty day moving average is $146.63 and its 200 day moving average is $148.45. The company has a market cap of $340.34 billion, a price-to-earnings ratio of 21.37, a PEG ratio of 7.22 and a beta of 0.39.

Procter & Gamble (NYSE:PG) last issued its quarterly earnings data on Friday, April 24th. The company reported $1.59 EPS for the quarter, topping analysts’ consensus estimates of $1.56 by $0.03. Procter & Gamble had a net margin of 19.16% and a return on equity of 32.00%. The business had revenue of $21.23 billion during the quarter, compared to analysts’ expectations of $21.52 billion. During the same period last year, the company posted $1.54 EPS. The business’s revenue was up 7.4% on a year-over-year basis. Procter & Gamble has set its FY 2026 guidance at 6.830-7.090 EPS. Sell-side analysts forecast that Procter & Gamble will post 6.89 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts recently commented on the company. Bank of America dropped their price target on Procter & Gamble from $170.00 to $166.00 and set a “buy” rating for the company in a research report on Friday, July 10th. Erste Group Bank downgraded Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Tuesday, March 24th. BNP Paribas Exane dropped their target price on Procter & Gamble from $172.00 to $165.00 and set an “outperform” rating for the company in a report on Thursday, April 23rd. TD Cowen boosted their target price on Procter & Gamble from $142.00 to $150.00 and gave the company a “hold” rating in a research report on Monday, April 27th. Finally, Raymond James Financial decreased their price target on Procter & Gamble from $175.00 to $170.00 and set an “outperform” rating on the stock in a report on Tuesday, April 14th. Twelve research analysts have rated the stock with a Buy rating and nine have given a Hold rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $161.42.

Procter & Gamble Company Profile

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.