T - Want $1000 in Dividend Income? Here's How Much You'd Need to Invest in AT&T to Get It
2024-06-20 15:37:30 ET
A high-yielding stock can be a valuable asset in your portfolio because it can generate a lot of recurring income. Investors can often find great dividend stocks in the telecom sector, where companies typically have a lot of recurring and consistent revenue themselves since demand for what they offer is generally stable.
AT&T (NYSE: T) is an excellent example of that. The company is a leader in the telecom industry, and it offers a yield of 6.1% at the current share price. Every quarter, the stock pays a dividend of $0.2775, which amounts to $1.11 annually.
To collect $1,000 in dividends in a year, you would need to own about 901 shares of AT&T, which would cost $16,220 or so at the current share price of around $18.
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Want $1,000 in Dividend Income? Here's How Much You'd Need to Invest in AT&T to Get It