Procter & Gamble Company (The) (PG) To Go Ex-Dividend on October 23rd

Procter & Gamble Company (The) (NYSE:PG) announced 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 dividend on an annualized basis 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% per year over the last three years and has raised 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. Research 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 Up 2.3%

NYSE PG opened at $156.54 on Thursday. The company has a quick ratio of 0.47, a current ratio of 0.68 and a debt-to-equity ratio of 0.43. The company has a fifty day moving average of $146.41 and a two-hundred day moving average of $146.33. The firm has a market capitalization of $363.59 billion, a price-to-earnings ratio of 23.65, a PEG ratio of 3.80 and a beta of 0.39. Procter & Gamble has a 52 week low of $137.62 and a 52 week high of $167.25.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data 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. The business had revenue of $21.20 billion for the quarter, compared to analysts’ expectations of $21.38 billion. Procter & Gamble had a net margin of 18.44% and a return on equity of 31.36%. The business’s revenue was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.48 earnings per share. Procter & Gamble has set its FY 2027 guidance at 6.890-7.110 EPS. On average, analysts predict that Procter & Gamble will post 6.98 earnings per share for the current year.

Insider Activity at Procter & Gamble

In other Procter & Gamble news, insider Marc S. Pritchard sold 4,030 shares of the company’s stock in a transaction dated Thursday, August 20th. The shares were sold at an average price of $143.79, for a total value of $579,473.70. Following the transaction, the insider directly owned 187,001 shares in the company, valued at $26,888,873.79. This represents a 2.11% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, insider Susan Whaley sold 2,369 shares of the firm’s stock in a transaction that occurred on Monday, October 5th. The stock was sold at an average price of $145.34, for a total transaction of $344,310.46. Following the transaction, the insider directly owned 30,730 shares in the company, valued at approximately $4,466,298.20. This trade represents a 7.16% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 15,135 shares of company stock worth $2,189,970 over the last ninety days. 0.23% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the company. JGP Wealth Management LLC grew its holdings in shares of Procter & Gamble by 4.7% during the third quarter. JGP Wealth Management LLC now owns 45,863 shares of the company’s stock worth $6,663,000 after purchasing an additional 2,055 shares during the last quarter. Scott Capital Advisors LLC acquired a new position in Procter & Gamble during the third quarter worth approximately $468,000. Burkett Asset Management Ltd increased its position in Procter & Gamble by 7.5% during the third quarter. Burkett Asset Management Ltd now owns 3,435 shares of the company’s stock worth $499,000 after buying an additional 240 shares during the period. Wealth Enhancement Trust Services Inc. lifted its stake in Procter & Gamble by 4.5% in the third quarter. Wealth Enhancement Trust Services Inc. now owns 25,097 shares of the company’s stock valued at $3,646,000 after buying an additional 1,091 shares during the last quarter. Finally, Bangor Savings Bank lifted its stake in Procter & Gamble by 80.7% in the third quarter. Bangor Savings Bank now owns 6,123 shares of the company’s stock valued at $890,000 after buying an additional 2,735 shares during the last quarter. Institutional investors own 65.77% of the company’s stock.

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.