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. 

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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. 

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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.

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