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Procter & Gamble Company - PG STOCK NEWS

Welcome to our dedicated page for Procter & Gamble Company news (Ticker: PG), a resource for investors and traders seeking the latest updates and insights on Procter & Gamble Company stock.

Procter & Gamble Company (NYSE: PG), headquartered in Cincinnati, Ohio, has established itself as a global leader in the consumer goods industry since its inception in 1837 by William Procter and James Gamble. The company stands as one of the world's largest producers of household and personal care products, generating over $80 billion in annual sales.

Procter & Gamble's diverse portfolio features some of the most trusted brands across various categories. The company's impressive lineup includes more than 20 brands that each generate over $1 billion annually in global sales, such as Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers. P&G’s strategic decision to focus on core consumer product lines led to selling its last food brand, Pringles, to Kellogg in 2012.

With a significant international presence, around 53% of Procter & Gamble's sales come from outside the United States. The company continues to invest in innovation and sustainability, ensuring its products meet the evolving needs of consumers. Recent achievements include advancements in product formulas, packaging innovations aimed at reducing environmental impact, and strategic partnerships enhancing their market reach.

Financially, Procter & Gamble remains robust, consistently delivering value to shareholders through dividends and share repurchases. The company's commitment to operational excellence and cost efficiency supports its strong financial performance and competitive edge in the market.

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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.

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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.

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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.

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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.

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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%.

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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.

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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.

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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.

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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.

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Procter & Gamble (PG) has announced a multi-year partnership with Major League Soccer (MLS) as the league kicks off its 26th season. This collaboration aims to engage fans and support local communities, particularly focusing on increasing equity in sports. P&G brands like Gillette, Old Spice, and Crest will leverage this partnership to tap into the growing enthusiasm for soccer, particularly in anticipation of the 2026 FIFA World Cup. Additionally, P&G will sponsor various high-profile events, including the Mexican National Team's U.S. Tour and the MLS All-Star Game.

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FAQ

What is the current stock price of Procter & Gamble Company (PG)?

The current stock price of Procter & Gamble Company (PG) is $168.06 as of December 20, 2024.

What is the market cap of Procter & Gamble Company (PG)?

The market cap of Procter & Gamble Company (PG) is approximately 395.6B.

What products does Procter & Gamble manufacture?

Procter & Gamble manufactures a wide range of consumer goods including Tide laundry detergent, Charmin toilet paper, Pantene shampoo, and Pampers diapers.

Where is Procter & Gamble headquartered?

Procter & Gamble is headquartered in Cincinnati, Ohio, USA.

When was Procter & Gamble founded?

Procter & Gamble was founded in 1837 by William Procter and James Gamble.

What is the annual revenue of Procter & Gamble?

Procter & Gamble generates over $80 billion in annual sales.

What percentage of Procter & Gamble's sales come from outside the United States?

Around 53% of Procter & Gamble's sales come from outside the United States.

Which brands are part of Procter & Gamble's billion-dollar portfolio?

Procter & Gamble's billion-dollar brands include Tide, Charmin, Pantene, and Pampers, among others.

Why did Procter & Gamble sell Pringles?

Procter & Gamble sold Pringles to Kellogg in 2012 to focus on its core consumer product lines.

How does Procter & Gamble contribute to sustainability?

Procter & Gamble invests in product and packaging innovations aimed at reducing environmental impact and meeting the evolving needs of consumers.

What are some recent achievements of Procter & Gamble?

Recent achievements of Procter & Gamble include advancements in product formulas, packaging innovations for sustainability, and strategic partnerships enhancing market reach.

How does Procter & Gamble ensure financial stability?

Procter & Gamble ensures financial stability through operational excellence, cost efficiency, and consistent value delivery to shareholders via dividends and share repurchases.

Procter & Gamble Company

NYSE:PG

PG Rankings

PG Stock Data

395.60B
2.35B
0.05%
69.15%
0.75%
Household & Personal Products
Soap, Detergents, Cleang Preparations, Perfumes, Cosmetics
Link
United States of America
CINCINNATI