TGT - How To Earn $500 A Month From Target Stock Ahead Of Q4 Print | Benzinga
Target Corporation (NYSE: TGT) offers an annual dividend yield of 2.88%, which is a quarterly dividend amount of $1.10 per share ($4.40 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $208,583 or around 1,364 shares. For a more modest $100 per month or $1,200 per year, you would need $41,747 or around 273 shares.
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To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($4.40 in this case). So, $6,000 / $4.40 = 1,364 ($500 per month), and $1,200 / $4.40 = 273 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend ...