P&G Announces $24 – $30 Billion Share Repurchase Program

The Procter & Gamble Company (NYSE: PG) announced plans to repurchase $24 – $30 billion of company shares over the next three years at a rate of $8 – $10 billion per year.

The new plan represents a substantial increase versus the company’s fiscal 2007 repurchase pace of $5.6 billion.

Three billion times a day, P&G brands touch the lives of people around the world. The company has one of the strongest portfolios of trusted, quality, leadership brands, including Pampers® and Tide®.

###

PAYOUT YIELD ANALYSIS

With 3.15 billion shares outstanding, the $8 – 10 billion annual repurchase will return $2.54 – $3.17 per share.  The annual dividend of $1.40 combined with the repurchase is projected to generate a Total Payout of $3.94 – $4.57 in each of the next 3 years.  At a share price of $65, the Total Payout Yield is 6.1% -7.0%.

- Payout Yield Staff

Subscribe

Subscribe to our e-mail newsletter to receive updates.