Market Update: The Procter & Gamble Company (NYSE:PG) – P&G Declares Dividend Increase

[Business Wire] – The Board of Directors of The Procter & Gamble Company declared an increased quarterly dividend of $0.6695 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 May 16, 2016, to Common Stock shareholders of record at the close of business on April 18, 2016, and to Series A and Series B ESOP Convertible Class A Preferred … Read more on this. The Procter & Gamble Company (PG) , valued at $225.02B, started the session at $83.44. Looking at today’s trading action, the company’s one day range from $82.77 to $83.45 with a one year range of $65.02 to $84.20. PG shares are currently priced at 22.93x this year’s forecasted earnings, which makes them relatively expensive compared to the industry’s 18.69x earnings multiple. And for dividend hunters, the company pays shareholders $2.65 per share annually in dividends, yielding 3.19%. Consensus earnings for the current quarter by the 21 sell-side analysts covering the stock is an estimate of $0.82 per share, which would be $0.07 worse than the year-ago quarter and a $0.10 sequential decrease. Investors should also note that the full-year EPS estimate of $3.63 is a $0.13 setback when compared to the previous year’s annual results. The quarterly earnings estimate is predicated on a consensus revenue forecast of $15.83 Billion. If reported, that would be a 12.73% decrease over the year-ago quarter. In terms of ratings, Sterne Agee CRT upgraded PG from Neutral to Buy (Feb 16, 2016). Previously, Stifel upgraded PG from Hold to Buy. When considering if the stock is under or overvalued, the average price target is $83.80, which is 0.43% above where the stock opened this morning. See more in (NYSE:PG) Similar Articles: Market Update: The Procter & Gamble Company (NYSE:PG) – Market Opportunity and Discovery – Analyst Notes on Mondelez International, Marathon Petroleum, Procter & Gamble, and Avago Technologies Market Update: The Procter & Gamble Company (NYSE:PG) – P&G Releases 2015 Sustainability Report, Detailing Progress against 2020 Environmental and Social Goals Market Update: The Procter & Gamble Company (NYSE:PG) – P&G Declares Quarterly Dividend