Procter & Gamble Stock Price, News & Analysis

Procter & Gamble (PG) haircare brands Royal Oils and Gold Series have awarded the inaugural Rooted in Science Scholarships to 11 Black women pursuing STEM degrees at HBCUs. Each recipient will receive up to $5,000 annually for two years, facilitated by UNCF. The scholarship aims to support future Black female innovators in the STEM fields. P&G plans to allocate an additional $200,000 for scholarships in the upcoming summer, with applications opening from August 3 to September 28, 2021.

Old Spice has launched a new initiative to boost high school graduation rates by 10 percent by 2030, targeting underserved communities through mentorship programs. Partnering with the NFL and Big Brothers Big Sisters of America, Old Spice aims to spotlight mentorship's critical role in youth success, focusing on the upcoming NFL Draft. Statistics reveal that one in three youths lack mentorship, with 16 million at risk of growing up without it. Old Spice encourages potential mentors to volunteer, emphasizing its goal of empowering youth through formal mentor-mentee relationships.

P&G Ventures, the startup studio of Procter & Gamble (NYSE: PG), is now accepting submissions for its Virtual Innovation Challenge, inviting entrepreneurs and startups to present their innovative consumer goods ideas. The competition culminates in a virtual pitch event on July 14, where finalists will compete for a $10,000 prize and a partnership opportunity with P&G Ventures. The challenge aims to discover fast-moving, consumable technologies that address significant consumer problems, with submissions open until May 13.

P&G Ventures, part of Procter & Gamble (NYSE:PG), is collaborating with Disruption Now Media and Revitalize Venture Studio to host two events aimed at supporting entrepreneurs of color this May. These events address the funding challenges faced by minority entrepreneurs, highlighted by a Crunchbase report indicating only 2.4% of venture funding from 2015-2020 went to Black and Latinx founders. The first event, 'Break Down - Breakthrough,' will offer resources and mentorship on May 7. Additionally, 'Pitch BLCK' invites Black entrepreneurs to pitch innovative product ideas for a chance to win $30,000 in investment.

The Procter & Gamble Company (NYSE: PG) reported Q3 FY21 net sales of $18.1 billion, a 5% increase year-over-year. Organic sales rose 4%, with significant growth in Home Care, Oral Care, and Appliances. Diluted EPS reached $1.26, a 13% increase, while operating cash flow was $4.1 billion. P&G returned $5 billion to shareholders, including a 10% dividend increase, marking 65 years of consecutive dividend hikes. The company maintains sales growth guidance of 5-6% for FY21, with GAAP EPS growth expected at 8-10%.

Procter & Gamble (NYSE:PG) has launched a new campaign for Earth Day, aiming to inspire sustainable living at home. A study revealed that 71% of Canadians wish to adopt sustainable practices, yet less than 40% act on these intentions. The campaign, featuring the short film It’s Our Home, encourages small actions that can significantly reduce greenhouse gas emissions. P&G aims to enhance sustainability through its products and initiatives, pledging to reduce manufacturing emissions by 50% and make 100% of packaging recyclable or reusable by 2030.

Procter & Gamble (NYSE: PG) has launched a new sustainability campaign called It’s Our Home to encourage environmentally conscious choices among consumers. A recent study reveals that 72% of participants wish to be more sustainable at home, yet many feel they lack guidance. The campaign highlights small actions that can significantly reduce greenhouse gas emissions, such as washing clothes in cold water and recycling. P&G aims to bridge the intention-action gap with innovative strategies while committing to ambitious goals for reducing emissions and increasing sustainability in their operations.

P&G's Bounty Paper Towels is addressing hidden bacteria in homes with a new initiative featuring experts like Bill Nye and Mayim Bialik. A survey showed nearly 92% of Americans have changed their cleaning habits recently, yet many still use unwashed dishcloths, posing health risks. Only 11% of consumers wash their kitchen towels weekly. Experts warn that used dishcloths can harbor harmful bacteria, leading to cross-contamination. The initiative will include educational content to promote safe cleaning practices.

The Procter & Gamble Company (NYSE:PG) has announced a quarterly dividend increase to $0.8698 per share, marking a 10% rise from the previous dividend. This dividend, payable on or after May 17, 2021, is for shareholders of record as of April 23, 2021. This increase reflects P&G's commitment to returning value to shareholders, representing the 65th consecutive annual dividend increase and the 131st consecutive year of dividend payments since its incorporation in 1890.