Good News: Procter and Gamble Could Return $16 Billion to Shareholders in 2022

Procter & Gamble (NYSE: PG) has done an excellent job of returning cash to shareholders over the past three years, and the coming year is not expected to be any different. Management sees a positive outlook for 2022 while acknowledging the challenges ahead. 

The COVID-19 disease is still spreading in high numbers despite more than six billion doses of a vaccine against the virus having been administered worldwide. Outbreaks at manufacturing facilities and other sites of strategic importance are causing supply shortages in everything from products to labor. Through all of that, the company is confident it can deliver above-average revenue and earnings growth and return a hefty $16 billion in cash to shareholders. 

Procter & Gamble could pay $8 billion in dividends in fiscal 2022. Image source: Getty Images.

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Source Fool.com