During Wednesday’s Morning trade, Shares of The Procter & Gamble Company (NYSE:PG), gained 0.43% to $74.43.
The stock has the beta value of 0.54, and its volatility for the week is 0.97%, while for the month it is 1.46%. The company has the market capitalization of $201.07. The company holds the book value per share of 22.56, whereas cash per share is 4.28. Price to book ratio remained 3.29, while price to sale ratio is 2.64. Analysts mean recommendation for the stock is said to be 2.60 (where 1=Buy, 5=sale).
The Board of Directors of The Procter & Gamble Company (PG) declared a quarterly dividend of $0.6629 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 November 16, 2015, to Common Stock shareholders of record at the close of business on October 23, 2015, and to Series A and Series B Preferred Stock shareholders of record at the start of business on October 23, 2015.
The dividend was declared during P&G’s annual shareholder meeting in Cincinnati. P&G has been paying a dividend for 125 successive years since its incorporation in 1890 and has raised its dividend for 59 successive years.
In other news, Procter & Gamble Co. Chief Executive A.G. Lafley acknowledged responsibility for the consumer-products company’s weak performance and promised better results in the coming years under the leadership of his successor, according to WSJ.
“We are accountable and the buck stops with me,” Mr. Lafley said Tuesday morning at P&G’s annual shareholders’ meeting at the company’s headquarters in Cincinnati. He was responding to a shareholder who had criticized P&G’s administration for flip-flopping on its strategy over the years and for its recent stock-price underperformance relative to its peers. So far this year, P&G shares are down 19%.
Mr. Lafley will hand over the CEO responsibilities to David Taylor on Nov. 1, while staying on as executive chairman to assist pull the world’s largest consumer products company out of a deep slump.
P&G has struggled to accelerate sales growth in an era of more frugal consumers since the 2008-2009 recession, and in its financial year that ended in June, the company’s performance was particularly weak. Sales barely grew not taking into account the impact of foreign-currency swings relative to the U.S. dollar, though P&G noted that the 65 brands it is intending to keep did better than those it is in the process of shedding. For the year, P&G stated net income of $7 billion, down 40% from a year earlier, and sales of $76.3 billion for the fiscal year. WSJ Reports
The Procter & Gamble Company, together with its auxiliaries, manufactures and sells branded consumer packaged products worldwide. It operates through five segments: Beauty, Hair and Personal Care; Grooming; Health Care; Fabric Care and Home Care; and Baby, Feminine and Family Care. The Beauty, Hair and Personal Care segment offers antiperspirants and deodorants, personal cleansing, cosmetics, skin care, hair care and color, prestige, and salon professional products under the Head & Shoulders, Olay, Pantene, SK-II, and Wella brands.
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