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