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If it's strong capital appreciation that you're after, then Procter & Gamble (NYSE: PG) isn't the best investment candidate. Its shares are up just 67% in the past decade (as of Sept. 3), drastically underperforming the S&P 500 index.
But if you're seeking a blue chip dividend stock, then Procter & Gamble is hard to beat. Its dividend yield of nearly 3% is almost triple the benchmark average.
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Here's how many shares of this company you'd need for $15,000 in yearly dividends.
Procter & Gamble currently pays an annual dividend of about $4.34 per share. This means you would have to own 3,456 shares to generate $15,000 in yearly passive income. Based on the stock price of $147.51, investors would be required to pay $510,000 to buy enough shares.

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