Topic: How To Invest

Dividend Advisor Hotline – Friday, January 13, 2017

Article Excerpt

PROCTER & GAMBLE CO., $84.01, New York symbol PG, recently transferred 41 of its beauty brands and their operations to Coty Inc., $22.90, New York symbol COTY. Wella, Clairol, Max Factor and CoverGirl are among the brands that moved over to the leading maker of perfumes and cosmetics. Coty has operations in over 40 countries. Under the deal, participating Procter shareholders received 3.9033 shares of Coty for each Procter share tendered. Procter shareholders now own roughly 55% of Coty. As a result of that transfer and earlier sales of other businesses, Procter has narrowed its focus to about 65 of its most profitable brands; they’re spread across 10 categories. In its fiscal 2017 first quarter, ended September 30, 2016, sales from the company’s ongoing operations were flat at $16.52 billion. Procter last raised its quarterly dividend by 1.0% with the May 2016 payment. Investors now receive $0.6695 per share, for an annual rate of $2.678; the stock yields 3.2%. The company has increased…