Procter & Gamble (P&G) is a giant in the consumer goods and retail industry. The company has been in the industry for over 170 years, and it has continuously delivered value to shareholders for over a century. P&G is a Dow Jones Industrial Average component and it has a current market capitalization of $338 billion. It is one of the largest companies in the world, and it is one of the most widely followed stocks on the market. In this article, we will take a look at P&G's share price history and explore the factors that have driven the company's stock price over the years.
P&G's Share Price History: A Decade of Growth
P&G's stock price has been steadily increasing since the start of the decade. The company's share price has more than doubled since 2010, and it has increased by more than 60% since the start of 2020. P&G's share price has been volatile in recent years, but the overall trend has been positive. The company's stock price has been driven higher by strong sales growth, improved profitability, and aggressive share repurchases.
In 2010, P&G's share price was hovering around $60 per share. By the end of the year, the company's share price had increased to $68. The stock price continued to increase for the next three years, reaching a peak of $86 in 2013. The stock price then fell back to $70 in 2014, before climbing back to $87 in 2015. The stock price continued to increase, reaching a peak of $93 in 2016. The stock then fell back to $83 in 2017, before climbing back to $92 in 2018.
P&G's Stock Price in 2020
P&G's stock price has been on a roller coaster ride in 2020. The stock price began the year at $95 per share and it quickly climbed to $108 in February. The stock then fell back to $90 in March, as the world was rocked by the Covid-19 pandemic. The stock price then began to recover and it climbed to a peak of $121 in June. The stock price then fell back to $106 in August, before climbing back to a peak of $136 in October. The stock has since fallen back to around $128 per share.
P&G's stock price has been driven higher by strong sales growth and improved profitability. The company has benefited from the shift to digital shopping, as well as from increased demand for its products in emerging markets. P&G has also been aggressively repurchasing shares, which has helped to boost the stock price. The company's share repurchases have helped to offset dilution from its employee stock plans.
P&G's Dividend History
P&G has a long history of paying dividends to its shareholders. The company has paid dividends every year since 1890, making it one of the longest-running dividend payers in the world. P&G's dividend yield is currently around 2.5%, which is below the average for the S&P 500. However, the company has increased its dividend for 62 consecutive years, making it one of the few Dividend Aristocrats.
P&G's dividend history has been closely tied to its share price history. The company has raised its dividend in line with its share price, and it has also increased the dividend more quickly when the share price has risen. This has helped to drive P&G's stock price higher and has provided shareholders with a steady stream of income.
Conclusion
P&G's share price history has been closely linked to the company's performance over the years. The company's stock price has been driven higher by strong sales growth, improved profitability, and aggressive share repurchases. P&G's dividend history has also been closely tied to its share price, with the company increasing its dividend in line with its share price. Investors who have held P&G shares for the long term have been rewarded with strong share price appreciation and a steady stream of dividend income.