LONDON, UK / ACCESSWIRE / April 17, 2018 / Active-Investors has a free review on The Procter & Gamble Company (NYSE: PG) following the Company's announcement that it will begin trading ex-dividend on April 19, 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 April 18, 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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On April 10, 2018, Procter & Gamble's Board of Directors declared an increased quarterly dividend of $0.7172 per share on the Common Stock, payable on or after May 15, 2018, to Common Stock shareholders of record at the close of business on April 20, 2018. This represents a 4% increase compared to the prior quarterly dividend.
Procter & Gamble's indicated dividend represents a yield of 3.66%, which is double compared to the average dividend yield of 1.85% for the Consumer Goods sector. This dividend increase marks the 62nd consecutive year that the Company has increased its dividend, extending its long-term track record of returning cash to shareholders. Procter & Gamble expects total dividend payments to shareholders of nearly $7.5 billion in fiscal year 2018, bringing total dividends paid over the last decade to $65 billion. The Company has been paying a dividend for 128 consecutive years since its incorporation in 1890.
Procter & Gamble has a dividend payout ratio of 68.8%, which means that the Company spends approximately $0.69 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 $4.52 for the next year, which is substantially higher than the Company's annualized dividend of $2.87 per share.
For the second quarter of fiscal 2018 ended December 31, 2017, Procter & Gamble's operating cash flow was $3.7 billion, while adjusted free cash flow productivity was 91%. The Company returned $3.6 billion of cash to shareholders via $1.8 billion of dividend payments and $1.8 billion of common stock repurchase in the reported quarter. Procter & Gamble's cash and cash equivalent as of December 31, 2017, was $7.43 billion. 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.
Upcoming Earnings for Procter & Gamble
On March 23, 2018, Procter & Gamble announced that it will webcast a discussion of its third quarter earnings results on Friday, April 20, 2018 beginning at 8:30 a.m. ET.
About The Procter & Gamble Co.
Procter & Gamble provides branded consumer packaged goods to consumers in the United States, Canada, Puerto Rico, Europe, Asia/Pacific, Greater China, Latin America, India, Middle-East, and Africa. The Company was founded in 1837 and is based in Cincinnati, Ohio.
Stock Performance Snapshot
April 16, 2018 - At Monday's closing bell, Procter & Gamble's stock marginally advanced 0.31%, ending the trading session at $78.61.
Volume traded for the day: 5.96 million shares.
After yesterday's close, Procter & Gamble's market cap was at $199.19 billion.
Price to Earnings (P/E) ratio was at 19.98.
The stock has a dividend yield of 3.65%.
The stock is part of the Consumer Goods sector, categorized under the Personal Products industry. This sector was up 0.4% at the end of the session.
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