The Procter & Gamble Company Declares Quarterly Dividend of $0.64 (PG)
The Procter & Gamble Company (NYSE:PG) announced a quarterly dividend on Tuesday, July 8th, American Banking News reports. Shareholders of record on Friday, July 18th will be paid a dividend of 0.6436 per share on Friday, August 15th. This represents a $2.57 annualized dividend and a dividend yield of 3.21%.
A number of analysts have recently weighed in on PG shares. Analysts at B. Riley cut their price target on shares of The Procter & Gamble Company from $88.00 to $87.00 in a research note on Monday, June 30th. They now have a “neutral” rating on the stock. On the ratings front, analysts at Erste Group downgraded shares of The Procter & Gamble Company to a “hold” rating in a research note on Tuesday, June 3rd. Finally, analysts at Zacks reiterated a “neutral” rating on shares of The Procter & Gamble Company in a research note on Monday, May 26th. They now have a $85.00 price target on the stock. One research analyst has rated the stock with a sell rating, seven have given a hold rating and nine have given a buy rating to the stock. The company presently has an average rating of “Hold” and an average price target of $88.00.
The Procter & Gamble Company (NYSE:PG) opened at 80.19 on Tuesday. The Procter & Gamble Company has a 1-year low of $73.61 and a 1-year high of $85.82. The stock’s 50-day moving average is $79.86 and its 200-day moving average is $79.83. The company has a market cap of $217.0 billion and a P/E ratio of 21.32.
The Procter & Gamble Company (NYSE:PG) last released its earnings data on Wednesday, April 23rd. The company reported $1.04 EPS for the quarter, beating the Thomson Reuters consensus estimate of $1.02 by $0.02. The company had revenue of $20.56 billion for the quarter, compared to the consensus estimate of $20.68 billion. During the same quarter in the prior year, the company posted $0.99 earnings per share. The company’s quarterly revenue was down .2% on a year-over-year basis. On average, analysts predict that The Procter & Gamble Company will post $4.20 earnings per share for the current fiscal year.
The Procter & Gamble Company (NYSE:PG) is focused on providing consumer packaged goods.
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