LONDON, UK / ACCESSWIRE / January 17, 2018 / Active-Investors has a free review on The Procter & Gamble Co. (NYSE: PG) following the Company's announcement that it will begin trading ex-dividend on January 18, 2018. To capture the dividend payout, investors must purchase the stock a day prior to the ex-dividend date that is by latest at the end of the trading session on January 17, 2018. Active-Investors has initiated due-diligence on this dividend stock. Register with us for more free research including the one on PG:
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Dividend Declared
On January 10, 2018, Procter & Gamble's Board of Directors declared a quarterly dividend of $0.6896 per share on the common stock and on the Series A and Series B ESOP convertible Class A preferred stock of the Company, payable on or after February 15, 2018, to common stock shareholders of record at the close of business on January 19, 2018, and to Series A and Series B ESOP Convertible Class A preferred stock shareholders of record at the start of business on January 19, 2018.
Procter & Gamble's indicated dividend represents a yield of 3.08%, which is substantially higher compared to the average dividend yield of 1.55% for the Consumer Goods sector. The Company has been paying a dividend for 127 consecutive years since its incorporation in 1890 and has increased its dividend for 61 consecutive years.
Dividend Insight
Procter & Gamble has a dividend payout ratio of 65.8%, which means that the Company spends approximately $0.66 for dividend distribution out of every $1.00 earned. The dividend payout ratio reflects how much amount a company is returning to shareholders versus how much money it is keeping on hand to reinvest in growth, to pay off debt, and/or to add to its cash reserves.
According to analysts' estimates, Procter & Gamble is forecasted to report earnings of $4.47 per share for the next year, which is substantially above the Company's annualized dividend of $2.76 per share.
As of September 30, 2017, Procter & Gamble's cash and cash equivalents totaled $5.57 billion compared to $7.10 billion as on September 30, 2016. The Company's operating cash flow was $3.63 billion for the first quarter fiscal 2018 compared to $3.03 billion for the year ago period. Procter & Gamble returned $4.3 billion of cash to shareholders via $1.8 billion of dividend payments and $2.5 billion of common stock repurchase. The Company's strong financial position indicates its ability to absorb any fluctuations in earnings and cash flow and to sustain the dividend distribution for a long period.
Recent Development for Procter & Gamble
On December 15, 2017, Procter & Gamble announced that it has appointed Nelson Peltz, Chief Executive Officer and a founding partner of Trian Fund Management, L.P., to its Board of Directors, effective March 01, 2018. The Company has also committed to re-nominate Mr. Peltz to the Board as part of the Company's slate of nominees for the 2018 Annual Meeting of Shareholders.
Mr. Peltz has been Chief Executive Officer of Trian Fund Management, L.P. since it was founded in November 2005. Mr. Peltz also serves as the non-executive Chairman of The Wendy's Company. He is currently a director of Mondelēz International, Inc., Sysco Corp., and The Madison Square Garden Co., and has previously served as a director of H. J. Heinz Co. Legg Mason, Inc., and Ingersoll-Rand PLC.
Stock Performance Snapshot
January 16, 2018 - At Tuesday's closing bell, Procter & Gamble's stock slightly rose 0.68%, ending the trading session at $90.22.
Volume traded for the day: 9.47 million shares, which was above the 3-month average volume of 6.73 million shares.
Stock performance in the last six-month – up 3.05%; and past twelve-month period – up 7.39%
After yesterday's close, Procter & Gamble's market cap was at $228.73 billion.
Price to Earnings (P/E) ratio was at 24.11.
The stock has a dividend yield of 3.06%.
The stock is part of the Consumer Goods sector, categorized under the Personal Products industry.
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