Mark Motley, MBA, CFA, president and co-chief investment officer at Foster & Motley, was recently featured in an article by Steve Watkins of the Cincinnati Business Courier discussing Procter & Gamble’s recent earnings report and its decision to raise product prices in response to increased tariff costs. Below is an excerpt from the article:
"P&G is contending with more than $1 billion in annual tariff expenses, prompting the company to consider price hikes on household staples like Tide and Crest," the article states.
Motley described P&G’s quarterly results as “mixed” and noted that the company’s dividend increase didn’t quite measure up to previous years. “Having raised the dividend by 7% last year and by 6.3% on average for the past four years, the latest increase is OK but not great,” he told the Business Courier.
Click here to read the full article on the Cincinnati Business Courier’s website (a subscription may be required).