Procter & Gamble Co (NYSE:PG) announced a quarterly dividend on Tuesday, October 9th, RTT News reports. Stockholders of record on Friday, October 19th will be given a dividend of 0.7172 per share on Thursday, November 15th. This represents a $2.87 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Thursday, October 18th.

Procter & Gamble has raised its dividend by an average of 2.6% annually over the last three years and has increased its dividend annually for the last 61 consecutive years. Procter & Gamble has a payout ratio of 64.9% meaning its dividend is sufficiently covered by earnings. Research analysts expect Procter & Gamble to earn $4.69 per share next year, which means the company should continue to be able to cover its $2.87 annual dividend with an expected future payout ratio of 61.2%.

Procter & Gamble stock opened at $79.06 on Friday. The company has a debt-to-equity ratio of 0.40, a quick ratio of 0.66 and a current ratio of 0.83. The firm has a market cap of $209.82 billion, a PE ratio of 18.73, a P/E/G ratio of 2.68 and a beta of 0.59. Procter & Gamble has a fifty-two week low of $70.73 and a fifty-two week high of $93.51.

Procter & Gamble (NYSE:PG) last posted its quarterly earnings data on Tuesday, July 31st. The company reported $0.94 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.90 by $0.04. The firm had revenue of $16.50 billion for the quarter, compared to analysts’ expectations of $16.52 billion. Procter & Gamble had a net margin of 14.59% and a return on equity of 20.94%. The business’s quarterly revenue was up 2.6% on a year-over-year basis. During the same quarter last year, the company posted $0.85 EPS. As a group, equities analysts forecast that Procter & Gamble will post 4.42 earnings per share for the current year.

Several analysts have recently weighed in on the stock. Atlantic Securities assumed coverage on shares of Procter & Gamble in a research report on Thursday, September 20th. They set an “overweight” rating and a $94.00 price objective on the stock. Wells Fargo & Co restated a “hold” rating and set a $78.00 price objective on shares of Procter & Gamble in a research report on Thursday, August 16th. ValuEngine upgraded shares of Procter & Gamble from a “sell” rating to a “hold” rating in a research report on Friday, August 17th. Deutsche Bank raised their price objective on shares of Procter & Gamble from $84.00 to $85.00 and gave the company a “hold” rating in a research report on Thursday, August 16th. Finally, Zacks Investment Research cut shares of Procter & Gamble from a “buy” rating to a “hold” rating in a research report on Monday, October 8th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. Procter & Gamble presently has a consensus rating of “Hold” and an average price target of $84.53.

In other Procter & Gamble news, insider Kathleen B. Fish sold 26,946 shares of the firm’s stock in a transaction on Wednesday, August 1st. The shares were sold at an average price of $80.55, for a total value of $2,170,500.30. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Deborah P. Majoras sold 11,097 shares of the firm’s stock in a transaction on Wednesday, August 29th. The stock was sold at an average price of $83.53, for a total transaction of $926,932.41. Following the completion of the sale, the insider now directly owns 46,096 shares in the company, valued at approximately $3,850,398.88. The disclosure for this sale can be found here. In the last quarter, insiders sold 147,186 shares of company stock worth $12,080,849. 1.84% of the stock is owned by corporate insiders.

A number of institutional investors have recently made changes to their positions in the business. Global X Management Co LLC grew its holdings in Procter & Gamble by 18.0% in the 2nd quarter. Global X Management Co LLC now owns 38,964 shares of the company’s stock worth $3,042,000 after acquiring an additional 5,957 shares during the last quarter. Verition Fund Management LLC grew its holdings in Procter & Gamble by 29.1% in the 2nd quarter. Verition Fund Management LLC now owns 14,062 shares of the company’s stock worth $1,098,000 after acquiring an additional 3,170 shares during the last quarter. Signature Financial Management Inc. grew its holdings in Procter & Gamble by 2.3% in the 2nd quarter. Signature Financial Management Inc. now owns 28,703 shares of the company’s stock worth $2,245,000 after acquiring an additional 634 shares during the last quarter. Advisors Asset Management Inc. grew its holdings in Procter & Gamble by 18.9% in the 2nd quarter. Advisors Asset Management Inc. now owns 274,383 shares of the company’s stock worth $22,889,000 after acquiring an additional 43,536 shares during the last quarter. Finally, California Public Employees Retirement System grew its holdings in Procter & Gamble by 5.5% in the 2nd quarter. California Public Employees Retirement System now owns 6,568,932 shares of the company’s stock worth $512,771,000 after acquiring an additional 344,874 shares during the last quarter. 58.36% of the stock is currently owned by institutional investors and hedge funds.

About Procter & Gamble

The Procter & Gamble Company provides branded consumer packaged goods to consumers in North America, Europe, the Asia Pacific, Greater China, Latin America, India, the Middle East, and Africa. The company operates in five segments: Beauty; Grooming; health Care; fabric & Home Care; and Baby, Feminine & Family Care.

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Dividend History for Procter & Gamble (NYSE:PG)

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