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Julie Young
Julie Young
Articles (969) 

Procter & Gamble Announces Dividend

Dividend of 68.96 cents per share with forward dividend yield of 3.02%

October 11, 2017 | About:

Dow Jones component Procter & Gamble (NYSE:PG) has announced a quarterly dividend of 68.96 cents per share. The dividend is payable on Nov. 15 with an ex-dividend date of Oct. 19.

Procter & Gamble is a Dividend Aristocrat, increasing its annual dividend for the past 25 years. It has a trailing 12-month dividend yield of 2.95%. The company last increased its dividend in April from 66.9 cents to its current rate.

The stock is trading at $91.44 with a forward dividend yield of 3.02%. Year to date it has a return of 8.74%. For the one-year period it has returned 3.27% and for the three-year period it has a return of 7.96%.

News this week over a board vote has the stock down -0.97%. The board has voted to not add activist investor Nelson Peltz from Trian Fund Management to its board of directors. Peltz has been campaigning for a board seat over the past few weeks leading up to the board meeting. His company believes that Procter & Gamble could more efficiently manage costs for future growth. Procter & Gamble has won the vote for now, but investors believe it is overvalued with low margins and an overly expensive cost structure.

In the company’s most recent earnings release on July 27 it reported fourth-quarter revenue of $16.08 billion, down -0.1% from the comparable quarter. Earnings per share were 85 cents, increasing 8%.

Revenue for the quarter contributed to 2017 revenue of $65.06 billion which was unchanged from 2016. Net earnings for the year increased 2% to $10.2 billion. Earnings per share for the year increased 7% to $3.92.

Health care led sales growth with an increase of 2%. Total health care sales were $7.5 billion and represented 12% of total sales. Fabric and home care represented the greatest portion of total revenue at 32%. Health care also led net earnings growth with an increase of 2% at $1.3 billion. Health care accounted for 13% of total net earnings. Fabric and home care also represented the greatest portion of total net earnings at 27%.

Procter & Gamble is scheduled to report its first-quarter earnings on Oct. 20.

The company currently has 2.55 billion shares outstanding with a market cap of $233.17 billion. Institutional investors hold 64% of the shares outstanding.

Disclosure: I do not own any shares of Procter & Gamble.

About the author:

Julie Young
Julie Young is a financial writer with comprehensive experience in the financial services industry. She writes about investments, investment products, financial market news and economic trends. Julie holds a Master of Science degree in finance from Boston College and a Bachelor of Science degree in finance from the University of Arkansas.

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