O - Want $1000 in Dividend Income? Here's How Much You Have to Invest in Realty Income Stock.
2024-06-24 07:21:08 ET
Realty Income (NYSE: O) is one of the most popular real estate investment trusts, or REITs, and for good reason. Not only is it one of the largest, but it is also built to produce steady dividend income over time. It has declared 647 consecutive monthly dividends, and has never paused or reduced its dividend since listing on the New York Stock Exchange in 1994.
Because of this, it is a favorite among income-seeking investors. If you're looking for a specific amount of income -- say $1,000 -- here's how to figure out how much Realty Income stock you'll need to buy to get it.
I'll answer the question but will do even better and give you a quick method to use to calculate this for any stock you want. The general formula to figure out how much you'll need to invest to achieve a certain level of dividend income is to divide the desired amount of income by the stock's dividend yield (expressed as a decimal).
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Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Realty Income Stock.