|Bid||0.00 x 1400|
|Ask||0.00 x 900|
|Day's Range||134.58 - 135.79|
|52 Week Range||111.25 - 146.92|
|Beta (5Y Monthly)||0.43|
|PE Ratio (TTM)||25.62|
|Earnings Date||Apr 20, 2021|
|Forward Dividend & Yield||3.16 (2.34%)|
|Ex-Dividend Date||Jan 21, 2021|
|1y Target Est||150.73|
Procter & Gamble stock is edging higher on Wednesday, on news that the consumer-products giant raised its dividend. After the bell Tuesday, Procter & Gamble (ticker: PG) announced it was boosting the quarterly dividend by 10% to $0.8698 a share, up from $0.7907, payable on May 17 to shareholders on record as of April 23. P&G has raised its dividend for 65 straight years, and has paid a dividend for the past 131 consecutive years.
Although cost and currency woes remain concerns, Procter & Gamble's (PG) Q3 performance is likely to have benefited from the continued demand for cleaning products.
The Procter & Gamble Company raised its quarterly cash dividend by 10% to $0.8698 per share. This marks the American multinational consumer goods corporation’s 65th consecutive year of regular dividend increases. Procter & Gamble (PG) announced that the new dividend will be paid on May 17, to shareholders of record as of April 23. Shares closed at $135.11 on April 13, down 1.3%. The company’s annual dividend of $3.48 per share now reflects a dividend yield of 2.58%. Procter & Gamble is scheduled to release its fiscal 3Q earnings on April 20. (See Procter & Gamble stock analysis on TipRanks) On March 25, Barclays analyst Lauren Lieberman maintained a Buy rating and a price target of $155 (14.7% upside potential). The rest of the Street is cautiously optimistic about the stock with a Moderate Buy consensus rating. That’s based on 2 Buys and 5 Holds. The average analyst price target of $146.86 implies 8.7% upside potential to current levels. Shares have increased 11.7% over the past year. Procter & Gamble scores a 9 of 10 from TipRanks’ Smart Score rating system, indicating that the stock has strong potential to outperform market expectations. Related News: BancorpSouth To Merge With Cadence; Shares Drop 5.5% Invesco’s March Assets Rise On Favorable Market Returns, Inflows Popular Bumps Up Quarterly Dividend By 12.5%, Boosts Stock Buyback Program More recent articles from Smarter Analyst: T. Rowe Price’s March AUM Rise On Higher Equity Assets; Shares Drop SAP Posts Fastest Cloud Business Growth In Five Years During 1Q, Raises Outlook Wednesday’s Premarket: Here’s What You Need To Know Before The Market Opens FDA Approves New Drug Application For Axcella’s AXA1125; Shares Pop 10%