This Mid Cap Personal Care Entity Recommends Rs. 65/Share Dividend: Check Details

Procter and Gamble Hygiene and Healthcare Limited today (August 23, 2022) held its board meeting for audited results and final dividend. Likewise, the personal care company through an exchange filing has released the outcome of the board meet.

Procter and Gamble Hygiene recommends Rs. 65 per share dividend

"In the filing the company with regard to the dividend decision said, We are pleased to further inform you that the Board of Directors of the Company at its meeting held today, inter alia, have recommended a final dividend of Rs. 65 per Equity Share (Nominal Value of Rs. 10/- each), for the Financial Year ended June 30, 2022. The divided shall be paid between November 15, 2022 to December 13, 2022, on approval of the Members at the 58 th Annual General Meeting", said the company.

So, as per the details given out, the dividend payment shall be made between November 15, 2022 to December 13, 2022.

The dividend shall result in the dividend payout of Rs.

Procter and Gamble Hygiene June ended results

The company's income from operations declined sequentially to Rs. 782 crore from Rs. 979.3 crore. Profit for the period also declined both YoY and sequentially to Rs. 42.55 from Rs. 48.98 and Rs. 102.85 crores, respectively. Consequently, the company's EPS also declined steeply to Rs. 13.11 per share.

For the Fy21, the company's EBITDA had been at Rs. 923.66 crore, while net income also soared to Rs. 651.79 crore. Over the last 5 years,the company's free cash flow growth has been 22.63%, vs industry avg of 17.16%

Proter and Gamble fundamentals and share price trajectory

The company is a debt free entity trading at steep valuations with TTM PE higher than the sector's PE of 63.70. The company's dividend yield considering the last fiscal year's dividend of Rs. 235 per share comes to be 1.63%. The company has in recent time witnessed a decline in its revenue, profits and OPM. RoE of the stock is an outstanding 91.25%

Technically, the RSI indicator suggests strength in the stock.

In the last one year, the stock has moved by just 12.85%, while on a YTD basis it has tumbled by 6.89%

About Procter & Gamble Hygiene and Health Care Limited

Procter & Gamble Hygiene and Health Care Ltd. (PGHHCL) is one of India's fastest growing FMCG companies that has in its portfolio WHISPER - India's leading Feminine Hygiene brand, and VICKS - India's No. 1 Health Care brand and Old Spice. The company has carved a reputation for delivering high quality, value-added products to meet the needs of consumers. PGHHCL is committed to making every day in the lives of Indian consumers better through superior value propositions.

The company's major brands are Ariel, Oral B, Head and Shoulders, Gillette, Pampers, Tide etc.

Disclaimer

The stock's details are mentioned just for the dividend announcement and its quarterly results. Readers should not construe the story as an investment advice into it.