Procter & Gamble (PG 1.75%) isn't just a great dividend stock. It's one of only six stocks that have raised its dividends consecutively for the past 70 years. That's an elite status that's a tier above the classic Dividend King stocks, a class of stocks that have raised their dividends for at least 50 years, and it implies rock-solid stability. It has managed to keep increasing the dividend under all kinds of conditions, including inflation, pandemics, and wars, without skipping a beat.

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Procter & Gamble's dividend is as reliable as they come. But how much money can you really get annually from your investment?

More than a Dividend King

Procter & Gamble's dividend isn't just reliable. It also has an attractive yield, currently 2.9% at the current price. The stock costs $147 per share as of this writing (July 12), and $10,000 will get you 68 shares. It pays $4.26 per share annually, so you'd receive $289.68 this year for your investment of $10,000.

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NYSE: PG

Procter & Gamble

Today's Change

(-1.75%) $-2.60

Current Price

$145.77

Key Data Points

Market Cap

$345BMarket cap calculated using publicly traded shares outstanding only. Does not include unlisted, private, or dual-class non-traded shares. Implied market cap may vary.

Day's Range

$145.60 - $148.38

52wk Range

$137.62 - $167.25

Volume

100.6K

Avg Vol

9.1M

Gross Margin

50.88%

Dividend Yield

2.87%

That may not sound so magnificent, but it grows every year. And $10,000 wouldn't be enough to fund your retirement, but it could be a dependable source of passive income as part of a broader passive-income-dedicated portfolio.