Procter & Gamble (PG) Sticks to Dividend Policy Despite Weak Consumer Demand

Reported 3 days ago

Procter & Gamble (PG), a leading consumer goods company, recently announced a quarterly dividend of $1.0568 per share during its Annual Meeting of Shareholders, highlighting its commitment to rewarding investors with consistent returns. With a 135-year history of dividend payments and 69 consecutive years of increases, PG maintains a dividend yield of 2.83%. However, market sentiment remains cautious amid predicted continued weak demand in the consumer sector, prompting JPMorgan to lower its price target for the stock.

Source: YAHOO

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