Dividend King Procter & Gamble (PG) reported mixed results for its fiscal second quarter. The company came out with quarterly earnings of $1.42 per share, beating the consensus estimate of $1.37 per share. However, the quarterly revenue fell short of estimates for the first time in five quarters mainly hurt by a stronger dollar. China and the United States are P&G’s two largest markets.
P&G raised its fiscal 2020 forecast for sales growth and core earnings per share. P&G now expects sales growth of 4% to 5% in fiscal 2020, up from its prior range of 3% to 5%. It also expects core earnings per share to increase to a range of 8% to 11%, up from its prior range of 5% to 10%.
P&G is a Dividend King and a Dividend Aristocrats since it has increased its dividend for 63 consecutive years now. The last dividend increase was 4% in 2019. The current dividend yield is 2.36%. See for more details the Procter & Gamble (PG) page.