PG Dividend Hype: Worth the Hefty Price Tag?

Procter & Gamble (PG) is not the best choice for investors seeking strong capital appreciation, having only risen 67% in the past decade as of September 3. However, it's an attractive option for those looking for a blue chip dividend stock with a nearly 3% yield that's almost triple the benchmark average.

The company currently pays an annual dividend of $4.34 per share, and to generate $15,000 in yearly dividends, investors would need to own approximately 3,456 shares at its current price of $147.51. This translates to a significant upfront cost of around $510,000.

Despite the hefty price tag, Procter & Gamble's commitment to its shareholders is impressive. The company has increased its dividend payout for an astonishing 70 straight years and has paid a dividend for 136 consecutive years, earning it the distinction of being considered a Dividend King.