Procter and Gamble Ex Dividend Date 2021: Key Dates and Investment Insights
Procter & Gamble (P&G), one of the world’s largest consumer goods companies, has historically maintained a stable dividend policy. In 2021, the company announced specific Ex Dividend Dates for its shareholders. Below is a detailed breakdown of the key dates, how to calculate dividend yields, and insights for investors.
1. P&G 2021 Ex Dividend Dates
P&G typically pays dividends quarterly. In 2021, the Ex Dividend Dates and related events were as follows:
First Quarter Dividend:
Ex Dividend Date: June 15, 2021
Record Date: June 22, 2021
Dividend Payment Date: July 1, 2021
Dividend Amount: $0.5875 per share
Second Quarter Dividend:
Ex Dividend Date: September 15, 2021
Record Date: September 22, 2021
Dividend Payment Date: October 1, 2021
Dividend Amount: $0.5875 per share
Third Quarter Dividend:
Ex Dividend Date: December 15, 2021
Record Date: December 22, 2021
Dividend Payment Date: January 3, 2022
Dividend Amount: $0.5875 per share
Fourth Quarter Dividend:
Ex Dividend Date: March 15, 2022
Record Date: March 22, 2022
Dividend Payment Date: April 1, 2022
Dividend Amount: $0.5875 per share
Note: The 2022 dates are included for completeness, as the December 2021 dividend was paid in early 2022.
2. What Does the Ex Dividend Date Mean?
Ex Dividend Date is the cutoff day to receive the upcoming dividend. If you buy the stock on or after this date, you will not be eligible for the dividend.
Example: To receive the June 2021 dividend, investors must purchase P&G stock before June 15, 2021 (after the market closes on that day).
3. How to Calculate Dividend Yield
Dividend yield is calculated as:
[
\text{Dividend Yield} = \frac{\text{Annual Dividend per Share}}{\text{Stock Price}} \times 100
]
2021 Annual Dividend: 0.5875 × 4 = 2.35 per share.
If the stock closed at $90.00 on June 15, 2021, the yield would be:
[
\frac{2.35}{90.00} \times 100 = 2.61%
]
4. Key Considerations for Investors
Stock Price Impact: The stock price often adjusts downward on the Ex Dividend Date due to the removal of the dividend.
Tax Implications: Dividends are taxable in many jurisdictions (including India). Consult a tax advisor for compliance.
Dividend Sustainability: P&G’s dividend history is robust, with 65+ consecutive years of increases. However, monitor its cash flow and economic conditions.
Indian Market Context: For Indian investors, consider currency fluctuations, SEBI regulations, and NRI account requirements for foreign stocks.
5. Resources for Verification
P&G Investor Relations: www.p&g.com/investor
SEC Filings: Check Form 8-K or 10-K for dividend announcements.
Financial Portals: Yahoo Finance, Google Finance, or Bloomberg for real-time data.
Conclusion
P&G’s 2021 Ex Dividend Dates align with its consistent dividend culture. Investors should prioritize buying before the Ex Date to capture dividends and analyze long-term growth potential. For Indian investors, pairing P&G’s stability with a diversified portfolio can enhance returns while mitigating risks.
Always verify dates and policies directly with P&G or a financial advisor before investing.
|
