Here's How Many Shares of Procter & Gamble You'd Need for $10,000 in Yearly Dividends.
Procter & Gamble has one of the longest dividend increase streaks of any American company, but it's not inexpensive to wring $10,000 in year payouts from this stock.
Overview
In the court of Dividend Kings, or those companies that have raised payouts in at least 50 consecutive years, Procter & Gamble (NYSE: PG) is in fact royalty. With a streak of 71 dividend increases, this consumer staples stock is royalty among royalty.
It's tied with four other stocks for the second-longest run of dividend increases in Corporate America. Only American States Water, at 73 years, beats the quintet, of which Procter & Gamble is a part. While talking numbers, the Tide maker yields nearly 3%, and its annual payout is $4.36 a share.
It takes a lot of coin to print $10,000 in dividends with Procter & Gamble. Image source: Getty Images.
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Originally published at www.fool.com.