Procter & Gamble (PG) recently reported results for the fiscal second quarter ended December 2023。Here are the main highlights of the report:

1.Net Sales and Net Income:

• Net sales of $21.4 billion, up 3% on year, close to Wall Street expectations。The increase was mainly attributable to higher product prices, as shipments fell by 1%.。
• Net income grew 12% annually to 1.$40 per share, taking into account $1.3 billion of impairment charges related to intangible assets。Excluding this non-cash charge, diluted earnings per share would have increased 16% from a year earlier。

2.Outlook:

• The company's outlook for 2024 is essentially unchanged, with full-year net sales expected to grow by 2% to 4%.。However, the forecast for the bottom line is lowered, with earnings expected to be flat or likely to decline by 1%.。

3.Shareholder Return:

• Despite slow growth, P & G plans to return billions of dollars to shareholders in 2024, including paying about $9 billion in dividends and buying back $5 billion to $6 billion in stock.。

4.Share price performance:

• P & G's stock jumped 5% after the results。By 2024, P & G's stock had risen 3.7%。
• The next dividend payment will be 0 per share..$94, P & G paid a total of 3 per share over the past 12 months.Dividend of $76, based on current stock price, yields about 2.5%。
• Over the past 10 years, P & G's dividend has grown by an average of about 4.6%。

These positive financials and shareholder return programs drove P & G's share price higher and demonstrated the company's solid performance in a competitive market.。