Procter & Gamble announces quarterly dividend of $1.0065

CINCINNATI - Procter & Gamble Co. (NYSE:PG) has declared a quarterly dividend payment for its shareholders, continuing a long-standing tradition of financial returns to its investors. The company announced a dividend of $1.0065 per share on both the Common Stock and the Series A and Series B ESOP Convertible Class A Preferred Stock.

Shareholders of record as of the close of business on January 24, 2025, for Common Stock, and as of the start of business on the same date for Series A and Series B ESOP Convertible Class A Preferred Stock, will be eligible for the dividend, which is payable on or after February 18, 2025.

This latest dividend marks the 134th consecutive year that P&G has paid a dividend since it was incorporated in 1890, showcasing a consistent return to its shareholders. Additionally, this represents the 68th consecutive year that the company has increased its dividend, underlining P&G's commitment to providing a steady and reliable income to its investors.

P&G is known for its broad portfolio of consumer goods, which includes a variety of well-known household brands such as Always®, Ariel®, Bounty®, Charmin®, Crest®, Dawn®, Downy®, Febreze®, Gain®, Gillette®, Olay®, Oral-B®, Pampers®, Pantene®, Tide®, and Vicks®. The company operates in roughly 70 countries worldwide, serving consumers globally.

The information is based on a press release statement from Procter & Gamble. The dividend announcement is a key piece of information for investors and shareholders, reflecting the company's financial health and its ability to continually reward its investors through dividends.

In other recent news, Procter & Gamble (P&G) has been the subject of several significant developments. Deutsche Bank (ETR:DBKGn) adjusted its stance on the company, lowering the stock price target to $188 due to pressures on P&G's fundamentals and the impact of a ransomware attack on the company's main transportation management service provider, expected to affect second-quarter fiscal year 2025 revenue growth and earnings per share.

Furthermore, several financial firms have updated their positions on P&G. DA Davidson upgraded the stock from Neutral to Buy and increased the price target to $209 based on the company's performance and growth expectations. Jefferies maintained a Hold rating and a steady price target of $174, reflecting a cautious outlook due to supply chain disruptions and increased foreign exchange pressure. Stifel raised its price target for P&G to $167 while maintaining a Hold rating, and Piper Sandler maintained a Neutral stance with a consistent price target of $174.

In response to shareholder demands, P&G has committed to greater transparency regarding its wood-pulp supplier audits, aiming for more sustainable sourcing practices. The specifics of these new disclosures are currently being discussed between P&G and its investors.

Despite facing several challenges, P&G reported a 2% increase in organic sales for the first quarter, primarily driven by volume growth and pricing strategies. The company plans to return $16-17 billion to shareholders through dividends and share repurchases. These recent developments reflect an evolving landscape for P&G, shaping the company's strategies and future prospects.

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