Procter & Gamble Stock Price, News & Analysis

The Procter & Gamble Company (NYSE:PG) announced a quarterly dividend increase to $0.9407 per share, marking a three percent rise from the previous quarter. This dividend is payable on or after May 15, 2023 to shareholders on record by April 21, 2023. Notably, this increase represents the 67th consecutive year of dividend growth and the 133rd consecutive year of dividend payments since its incorporation in 1890. The announcement underscores P&G's commitment to return value to shareholders, particularly those relying on dividend income.

Venus has launched its first dermaplaning skincare regimen, Venus for Facial Hair & Skin Care with OLAY, featuring a cleansing primer, dermaplaning razor, and hydrating serum. This three-step routine is designed for effective and safe use, targeting women interested in dermaplaning. All products are dermatologically approved and suitable for sensitive skin. The collection also includes a mini hair remover for on-the-go touch-ups. This innovative launch highlights Venus's commitment to providing effective grooming solutions while ensuring safety and ease of use.

Secret Deodorant launches a multi-year financial empowerment initiative aimed at providing 1 million young women with access to financial courses and resources. Announced at the New York Stock Exchange on March 28, 2023, this initiative, developed in partnership with Seneca Women, focuses on alleviating financial stress, especially among women of color. By 2030, Secret aims to empower millions through enhanced financial literacy. The program includes collaboration with prominent financial experts and will utilize social media campaigns under #SecretMoneyMoves to reach its audience.

Bounty paper towels, part of Procter & Gamble, is launching an improved version of their product just in time for Spring cleaning. A recent survey indicates that 87% of Americans procrastinate on household cleaning. The new Bounty aims to help with this by featuring a proprietary microstructure that enhances absorbency and strength. Notable partner Adrienne Bailon-Houghton supports the launch, highlighting her own struggles with cleaning. The product promises to simplify cleaning tasks, as 80% of respondents feel better after cleaning, motivating them to continue. Consumers can expect this innovative product to hit shelves soon.

Procter & Gamble (NYSE:PG) has deployed the Tide Loads of Hope Mobile Laundry Unit to assist families and first responders affected by a recent deadly tornado outbreak in Mississippi. Starting March 28, the mobile unit will offer free laundry services, accepting up to two loads per household. Additionally, personal care kits and cleaning products will be distributed to meet essential needs. This initiative continues Tide's commitment to provide support during disasters, having aided over 90,000 people since its inception in 2005. The program is a part of Tide's broader Ambition 2030 plan to expand community support during crises.

Gillette (NYSE: PG) announced a multi-year partnership with the New York Yankees, becoming their first official men’s grooming partner as the MLB season commences. This collaboration aims to enhance brand visibility through signage at Yankee Stadium and make Gillette products available in the Yankees clubhouse. Gillette has a rich history in sports marketing, further solidified with this agreement, marking its return to Major League Baseball since 2018. The partnership was celebrated with a promotional event featuring Yankees players discussing grooming routines and showcasing Gillette’s innovative products.

The Procter & Gamble Company (NYSE:PG) will host a webcast for its third-quarter earnings results on April 21, 2023, starting at 8:30 a.m. ET. Investors and media can access the live audio link on www.pginvestor.com, with a replay available afterward.

P&G's portfolio includes renowned brands like Tide, Gillette, and Pampers, operating in around 70 countries globally. The webcast aims to provide insights into the company's financial performance for the quarter.

Zevo, the fastest-growing pest control brand in America, has launched its new On-Body Mosquito + Tick Repellents. These odorless and non-sticky products provide up to 8 hours of protection against mosquitoes and ticks. Market research by P&G indicated that 48% of consumers dislike the smell of current repellents, while 36% find them sticky. With active ingredient IR3535, inspired by a natural amino acid, these repellents can be applied to both face and body. Retailing at $9.99, Zevo products are available at major retailers like Walmart and Target.

Flashlight Capital urges KT&G shareholders to vote on its ten proposals at the upcoming General Meeting, with deadlines as early as March 17. The proposals include electing independent directors Suk-Yong Cha and Ou-Jin Hwang, enhancing corporate governance, increasing dividends, and canceling treasury shares, which constitute 15% of total shares. Flashlight Capital criticizes KT&G's stagnant share price and poor governance, alleging the current leadership is misaligned with shareholder interests. Despite proposing a KRW 2.4 trillion distribution, KF&G’s current cash position is KRW 6.5 trillion, indicating feasibility for these proposals while maintaining a robust net cash position.