Procter & Gamble Stock Price, News & Analysis

The Procter & Gamble Company (NYSE:PG) has initiated a debt tender offer to acquire up to $1.5 billion in cash for specific debt securities. The tender offer includes various debentures and notes, with different acceptance priority levels and early tender premiums. The offer will expire on November 9, 2020, unless extended. Notably, tendered securities before the early deadline will receive an early tender premium, while those submitted later will not. The offer is contingent on financing conditions. Citigroup, Deutsche Bank, and Goldman Sachs act as dealer managers.

The Procter & Gamble Company (NYSE: PG) has declared a quarterly dividend of $0.7907 per share on both Common Stock and Series A/B ESOP Convertible Class A Preferred Stock. The dividend will be payable on or after November 16, 2020, to shareholders of record as of the close of business on October 23, 2020. P&G has maintained its dividend for 130 years and has increased it for 64 consecutive years, showcasing the company’s stability and commitment to returning value to shareholders.

Old Spice has launched a 10-year initiative aimed at increasing high school graduation rates by 10% through confidence and empowerment programs for 100,000 boys in underserved areas. The project partners with the film company Never Whisper Justice to enhance educational opportunities via the Frontlines of Justice platform, addressing social and educational justice themes. Executive produced by Malcolm Jenkins, the initiative includes virtual engagements with NFL players to foster student motivation and awareness. Old Spice is committed to supporting young men’s development and addressing racial inequities through meaningful partnerships.

Microban 24's recent survey reveals that 91% of parents with school-aged children believe family education on bacteria prevention leads to healthier homes. With the school year underway, 82% of parents prioritize teaching their children about bacteria. To facilitate this, Microban 24 has launched the 24-Hour Science Experiment, an engaging educational tool developed with experts that includes experiments and activities for all ages. Given rising health concerns, 80% of parents will enhance their sanitization routines this year, relying on Microban 24 for long-lasting protection against bacteria on surfaces.

The Procter & Gamble Company (NYSE:PG) will host a webcast discussing its first quarter earnings on Tuesday, October 20, 2020, starting at 8:30 a.m. ET. Investors and media can access the live audio webcast through www.pginvestor.com, with a replay available afterward. P&G is renowned for its extensive range of trusted brands, including Tide®, Pampers®, and Gillette®. The company operates in approximately 70 countries, continuing to maintain a strong presence in the consumer goods market.

Secret Deodorant has launched the #RaiseItUp initiative to support women impacted by COVID-19, which has significantly affected gender equality. With a donation of $1 million to equality programs in partnership with YWCA USA, the brand aims to provide essential assistance in childcare and career development. The initiative highlights alarming statistics indicating that women, particularly women of color, are disproportionately impacted by job losses during the pandemic. This effort includes a social media campaign encouraging women to share their stories and experiences.

P&G Professional has partnered with Lyft to enhance cleaning protocols for drivers through its Health Safety Program. The initiative includes recommending cleaning products like Spic and Span and Microban 24 Professional to help disinfect vehicles against COVID-19. This collaboration aims to provide a safer environment for both drivers and passengers. A recent survey revealed that 37% of respondents are extremely concerned about COVID-19, and 70% would choose businesses that use trusted cleaning brands.

Duracell has introduced a safety innovation with a bitter coating on its lithium coin batteries (sizes 2032, 2025, and 2016) to reduce accidental ingestions by children. This initiative aims to deter swallowing, addressing a growing concern where ingesting such batteries can cause severe injury in just two hours. The product has received the Parent Tested Parent Approved Winner’s Seal, emphasizing its safety features. In addition, Duracell is launching the Power Safely initiative to educate families on battery safety. These batteries are now available at select retailers nationwide.

Procter & Gamble has launched a new product, Bounce Pet Hair and Lint Guard, designed to help pet owners manage shedding during Adopt A Shelter Dog Month this October. This product features 3X more hair-repelling ingredients than traditional dryer sheets, addressing a major concern among pet owners. In collaboration with North Shore Animal League America, P&G is sponsoring up to $25,000 in adoption fees, providing $50 off for up to 500 adopters along with product samples. This initiative aims to facilitate pet adoptions amidst rising adoption rates.