Rs 105/Share Dividend: FMCG Stock Rallies 2 Days In Row On Upcoming 1050% Dividends Reward

Procter & Gamble Hygiene & Health Care (PGHH), one of the leading FMCG companies in India, has extended its rally for a second consecutive trading session now. On Monday, the stock gained by nearly a per cent and even breached its Rs 17,600 mark. The stock was moving closer to its 52-week high. This Procter & Gamble stock is in focus on the upcoming massive 1050% dividend payout.

At the time of writing, PGHH shares traded at its intraday high of Rs 17,604.15 apiece, up by Rs 144 or 0.82%. This level was a couple of rupees shying from its 52-week high of Rs 17,692.25 apiece. From its 52-week low of Rs 13,101.05 apiece, PGHH stock zoomed by over 34.4% as of now.

PGHH shares have rallied for the second day straight. Last week, on Friday, the stock ended at 17,460.15 apiece, up by nearly 2%.

As per the regulatory filing, PGHH has declared a final dividend of Rs 105 per equity share with a face value of Rs. 10 each for the Company's Financial Year 2022‐23. The said final dividend, if declared at the ensuing 59th Annual General Meeting, will be payable to those shareholders whose names appear in the Register of Members of the company or in the records of the Depositories as beneficial owners of the shares as
at the close of business hours on Friday, November 17, 2023 (Record date).

The company expects to pay the dividends between November 24, 2023, to December 20, 2023, on approval in the AGM.

Currently, the company's dividend yield is around 1.06%.

Earlier, the company declared a Rs 80 per share interim dividend in February 2023.

PGHH has maintained consistency in rewarding its shareholders with dividend benefits. As per Trendlyne data, the company has declared about 29 dividends since May 2000.

In the quarter that ended June 30, 2023, PGHH delivered strong and balanced growth with sales of Rs 852 crore, up 10% versus a year ago driven by strong brand fundamentals and an integrated growth strategy. Profit After Tax (PAT) for the quarter was Rs 151 crore, versus Rs 43 crore a year ago because of strong base business growth and one-time help. Also, the company reported sales of Rs 3917 crore, flat versus a year ago owing to a one-time other operating income and a pandemic-linked demand surge in the healthcare portfolio in the base period.

For the entire fiscal FY23, PGHH recorded a PAT of Rs 678 crore, up 18% versus a year ago including one-time tax impacts. Excluding these one-time tax impacts, Profit After Tax (PAT) is up 10% operationally. It said in its regulatory filing that this was driven by premiumization and productivity interventions, as the company continued to make sequential progress in profit growth, despite the challenging operating and cost environment.

PGHH is one of India's leading 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.