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Procter & Gamble Declares Quarterly Dividend
(July 13th, 2010)
Cincinnati, OH - Board of Directors of The Procter & Gamble Company (Public, NYSE: PG) announced a quarterly dividend of $0.4818 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 August 16, 2010 to shareholders of record at the close of business on July 23, 2010. The stock is trading at 18.6 times 2010 earnings (price to earnings ratio) and has Earnings per Share of 3.36. The company has 2.88 billion shares trading on the New York Stock Exchange making it a large cap firm.
As of market close on July 14, 2010, PG has a dividend yield of 3.08% and closed the day with the stock price at $62.66. The company has a beta of 0.56 which is less than 1, thus the company is relatively less risky than the overall stock market. PG is a dividend aristocrat stock because it has been paying dividends for 53 consecutive years without a dividend cut, recession or not. The largest stakeholder in PG is the famous value investor, Warren Buffet who holds a large position in the company. From the end of 1998 up until December 2008 this dividend growth stock has delivered an annual average total return of 3.10 % to its shareholders.
Go here to view an archive of the company's dividend declarations & splits http://www.pginvestor.com/phoenix.zhtml?c=104574&p=irol-dividends I think that's an amazing history page as it shows you the growth of dividends over so many decades, as well as timelines of stock splits.
I was reading the company's annual report and here's the
most interesting piece I found.
About 75% of sales and profit growth has come from P&G’s leading billion-dollar brands. We chose to shift our business portfolio to more Beauty and Personal Care businesses. We’ve done that. The percentage of P&G sales in more capital-intensive Paper and Food businesses went from 42% at the beginning of the decade to 25%. At the same time, the percentage of sales in more asset-efficient, faster-growing, higher-margin businesses has increased from 18% to 33% over the same period. Beauty, Personal Care and Health Care have accounted for more than 60% of sales and profit growth in the past eight years.
Our third strategic choice was to extend the availability and affordability of P&G brands to more low-income consumers, particularly in developing markets. We’ve done that. Developing markets represent 32% of sales, up from about 20% at the beginning of the decade, and have contributed 42% of sales growth and 29% of profit growth.
The Procter & Gamble Company (P&G) is focused on providing branded consumer packaged goods. The Company’s products are sold in over 180 countries worldwide primarily through mass merchandisers, grocery stores, membership club stores, drug stores and in high-frequency stores, the neighborhood stores, which serve consumers in developing markets. As of June 30, 2009, the Company was organized into three Global Business Units: Beauty; Health and Well-Being, and Household Care. The Company had six business segments under United States Generally Accepted Accounting Principles (GAAP): Beauty; Grooming; Health Care; Snacks and Pet Care; Fabric Care and Home Care, and Baby Care and Family Care. In August 2009, AnimalScan, LLC announced that it has acquired Iams Pet Imaging, LLC from The Procter & Gamble Company and ProScan Imaging. In July 2010, Sara Lee Corporation completed the sale of its air care business to The
One Procter & Gamble Plaza
Company website: http://www.pg.com