All It Takes Is $17,000 Invested in This High-Yield Dividend King Stock to Generate Over $500 in Yearly Dividends
Procter & Gamble isn't a flashy company, but its dividend will appeal to investors looking for a payout they can count on.
Overview
With major indexes like the S&P 500 (SNPINDEX: ^GSPC) and Nasdaq Composite (NASDAQINDEX: ^IXIC) hovering around all-time highs, collecting a 3% dividend yield may not seem like much. But generating passive income from reliable dividend-paying stocks provides an excellent way to participate in the market and book a return without needing to sell stock.
A red-hot stock market can overshadow the value of dividends. But when stock prices are falling, or the market enters a multiyear slowdown, dividends can provide crucial dry powder that can be reinvested or used to supplement income.
Details
In April, Procter & Gamble (NYSE: PG) raised its quarterly dividend to $1.0885 or $4.354 per year, marking the company's 70th consecutive annual increase. That makes P&G one of the longest-tenured Dividend Kings -- which are companies with at least 50 consecutive years of boosting their payouts.
Source
Originally published at www.fool.com.