Question
a). How many shares of common stock did Procter & Gamble issue when convertible Class A preferred stock was converted during fiscal year ended June
a). How many shares of common stock did Procter & Gamble issue when convertible Class A preferred stock was converted during fiscal year ended June 30, 2019?
a.2). At what average price were the preferred shares converted?
Round answer to two decimal places.
b). How many shares did the company issue for employee stock plans during the year?
b.2). At what average price were the common shares issued to employees?
Round answer to two decimal places.
c). The company reported basic EPS of $1.40 for the year. The company's stock price on June 28, 2019 (the closest day before the fiscal year-end) was $109.65.
Calculate the dividend payout ratio and dividend yield ratios.
Round answers to one decimal place (example: 0.2345 = 23.5%).
Dividend payout ratio | |
Dividend yield |
d). How many share of stock did PG repurchase during the year? Round answer to the nearest thousand.
d.2). At what average price per share?Round answer to two decimal places.
e). Compute the company's market cap at June 28, 2019.Enter answer in millions. Round answer to the nearest million.
Analyzing and Interpreting Equity Accounts and Comprehensive Income Following is the statement of shareholders' equity from the 2019 10-K for Procter & Gamble Company. Consolidated Statement of Stockholders' Equity Reserve Accumulated Common Additional for ESOP Other Shares Common Preferred Paid-In Debt Comprehensive Treasury Retained Noncontrolling Dollars in millions; shares in thousands Outstanding Stock Stock Capital Retirement Income (Loss) Stock Earnings Interest Total Balance, June 30, 2018 2,498.093 $4,009 $967 $63,846 $(1,204) $(14,749) $(99,217) $98,641 $590 $52,883 Impact of adoption of new accounting standards (326) (200) (27) (553) Net earnings 3,897 69 3,966 Other comprehensive income (loss) 139 1 140 Dividends and dividend equivalents ($2.8975 per share) Common (7,256) (7,256) Preferred, net of tax benefits (263) (263) Treasury stock purchases (53,714) (5,003) (5,003) Employee stock plans 55,734 93 3,781 3,874 Preferred stock conversions 4,638 (39) 6 33 ESOP debt impacts 58 99 157 Noncontrolling interest, net (118) (248) (366) Balance, June 30, 2019 2,504,751 $4,009 $928 $63,827 $(1,146) $(14,936) $(100,406) $94,918 $385 $47,579
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