Here's How Many Shares of Procter & Gamble You'd Need for $15,000 in Yearly Dividends

If it's strong capital appreciation that you're after, then Procter & Gamble (NYSE: PG) isn't the best investment candidate. Its shares are up just 67% in the past decade (as of Sept. 3), drastically underperforming the S&P 500 index.

But if you're seeking a blue chip dividend stock, then Procter & Gamble is hard to beat. Its dividend yield of nearly 3% is almost triple the benchmark average.

Here's how many shares of this company you'd need for $15,000 in yearly dividends.

Procter & Gamble currently pays an annual dividend of about $4.34 per share. This means you would have to own 3,456 shares to generate $15,000 in yearly passive income. Based on the stock price of $147.51, investors would be required to pay $510,000 to buy enough shares.

The company's commitment to its shareholders is incredible. Procter & Gamble has increased its dividend payout for 70 straight years. Any business that has at least 50 years of raises is considered a Dividend King. What's more, the company has paid a dividend for 136 straight years.

Investors seeking a steady and predictable income stream have come to the right place. Procter & Gamble's strong competitive position, sizable profits, and history of successfully navigating any adverse developments make it a safe holding.

Neil Patel has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.