The aim of this manuscript is to understand the dynamics of products of nonnegative matrices. We extend a well known consequence of the Perron-Frobenius theorem on the periodic points of a nonnegative matrix to products of finitely many nonnegative matrices associated to a word and later to products of nonnegative matrices associated to a word, possibly of infinite length. We also make use of an appropriate definition of the exponential map and the logarithm map on the positive orthant of $mathbb{R}^{n}$ and explore the relationship between the periodic points of certain subhomogeneous maps defined through the above functions and the periodic points of matrix products, mentioned above.