Procter & Gamble Health Ex-Dividend Date Set for August 27

Procter & Gamble Health Limited (NSE:PGHL) is about to go ex-dividend in three days, meaning any trades on or after August 27 will not receive the upcoming dividend payment of ₹45.00 per share.

The company's record date for shareholders to be eligible for a dividend payment is August 25, two business days before the ex-dividend date.

Procter & Gamble Health paid out more than half (63%) of its earnings last year, which is a regular payout ratio for most companies.

However, cash flows are even more important than profits for assessing a dividend, and the company paid out 106% of its free cash flow over the last year, which we think is outside the ideal range for most businesses.