Procter & Gamble Co (NYSE: PG) on Wednesday reported better-than-expected earnings for its third quarter.
Procter & Gamble reported first-quarter FY24 sales growth of 6.1% year-over-year to $21.87 billion, beating the consensus of $21.67 billion. Adjusted EPS of $1.83 (+17% Y/Y) beat the consensus of $1.71.
With Procter & Gamble reporting upbeat quarterly earnings, some investors may be eyeing potential gains from the company’s dividends. As of now, Procter & Gamble has a dividend yield of 2.51%, which is a quarterly dividend amount of $0.94 a share ($3.76 a year).
To figure out how to earn $500 monthly from Procter & Gamble dividends, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and ...