How To Earn $500 Monthly From PG (NYSE: PG) Stock

Procter & Gamble Co. PG stock has been rising steadily over the years. In December 2023, the stock rose by 2.3%. It pays $1.71 per share in dividends.

How Can Investors Make at Least $500 per Month With PG? 

To make $500 per month and at least $6,000 per year from PG stock, you need to buy about 1,582 shares or invest at least $240,963. If you want to earn $100 per month or $1,200 annually, you need an investment of $48,192 or 316 shares in December 2023. 

Don't Miss:

To calculate your investment: 

Divide $6,000 or $1,200 by the dividend yield (0.0247 for PG) 

Example: 

$6,000/0.0247= $242,914 annual investment ($20,242 monthly), $1200/0.0247 = $48,582 annual investment ($4,048 monthly)

If you are trying to invest quarterly or bi-annually, you can calculate your dividend yield by dividing the annual dividend payment by the stock’s existing price. 

Example: 

If PG stock (approximately $153) pays an annual dividend of $3.79 per stock, the dividend yield would be 2.47% ($3.79/$153). If the stock price increases to $160, the dividend yield drops to 2.36% ($3.79/$160). If the price is reduced to $140, the dividend yield rises to 2.7% ($3.79/$140). 

Companies like Procter & Gamble can increase annual dividend payments over time if profit rises, which would affect the dividend yield even if the stock price remains the same. If a company decides to decrease its dividend payment, the dividend yield falls.

Read Next:

Market News and Data brought to you by Benzinga APIs
Comments
Loading...
Ex-Date
ticker
name
Dividend
Yield
Announced
Record
Payable
Posted In: DividendsReal Estate Access
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!