P&G Dividend Payout Requires a Hefty Investment

Procter & Gamble (PG) is considered one of the top dividend-paying stocks in the market, with 71 consecutive years of dividend increases. This puts it in a group that includes only American States Water and four other companies for the longest run of dividend increases in Corporate America.

The company's annual payout is $4.36 per share, yielding nearly 3%. However, reaching $10,000 in annual dividends from this stock would require significant capital investment. According to calculations, an investor would need 2,293.5 shares of P&G at the current price of $145.79 per share, totaling $334,380.

While this may seem daunting, it's worth noting that Procter & Gamble's dividend is highly likely to continue growing over the long term. This growth often beats inflation, providing investors with some protection against rising prices.

The article also mentions that Procter & Gamble is considered a defensive stock due to its consumer staples traits and consistent dividends, making it similar to bonds in this regard.