Rs 80/Share Dividend: FMCG Stock Sets Record Date, Shares Rally

Leading FMCG sector stock, Procter & Gamble Hygiene & Healthcare Ltd declared a solid dividend of Rs 80 per equity share on January 31, 2023. The company fixed 8 February, 2023 as the record date. The stock gave a return of 52% in last 5-year. According to Motilal Oswal, if you buy Procter & Gamble Hygiene & Healthcare, you will likely get a return of 17%. Check key details below pertaining to the stock:

1. Procter & Gamble Hygiene & Healthcare Sets Record Date For Dividend

According to the regulatory filing of the company, "Board of Directors of the Company at its meeting held today, inter alia, have declared an Interim Dividend for the Financial Year 2022-23 of Rs. 80 per Equity Share (Face Value of Rs. 10/- each). The dividend shall be paid on or before February 28, 2023." Record date for the purpose of eligibility for payment of said Interim Dividend is February 8, 2023.

2. Procter & Gamble Hygiene & Healthcare Stock Performance and Return

The last trading price of the stock is Rs 14,160.80 apiece with an intraday gain of 2.94%. The stock's 52-week high is Rs 16,466.40 crore and 52-week low is Rs 12,751.00 crore, respectively.

The large cap company has a market capitalisation of Rs 45,967.00 crore. The stock declined over 3% in last 1-year, gave a return of 28% in last 3-year, and 52% return in last 5-year.

3. Valuation

Motilal Oswal, in its August 23, 2022 report said, "PGHH's best-of-breed structural earnings growth potential and improving RoE deserve premium multiples. We maintain our BUY rating with a TP of INR16,500 (premised on 55x FY24E EPS)."

Two factors make PGHH an attractive long-term core holding: a) huge category growth potential in the Feminine Hygiene segment (~66% of FY21 sales), coupled with potential for market share gains backed by considerable moats, and b) the potential for higher margin gains from premiumization in the Feminine Hygiene segment over the long term, added the analyst.

4. About Procter & Gamble Hygiene & Healthcare

Procter & Gamble Hygiene and Healthcare Limited is engaged in the manufacturing of personal & beauty care and healthcare products. The key products of the company are menthol, dementholised peppermint oil, cosmetics, personal care products, toilet preparations, soaps and detergents, among others.

Disclaimer

The stock has been picked from the brokerage report of Motilal Oswal. Greynium Information Technologies, the Author, and the respective Brokerage House are not liable for any losses caused as a result of decisions based on the article. Goodreturns.in advises users to check with certified experts before taking any investment decision.