CSCO - Want $1000 in Dividend Income? Here's How Much You Have to Invest in Cisco Systems Stock
2024-07-15 15:23:00 ET
Want some extra cash in your pocket each year, with low risks and no effort? If you're looking to generate $1,000 in dividend income , investing in Cisco Systems (NASDAQ: CSCO) could be a solid option.
To find out how much you need to invest, divide your target income by the yield. With a yield of 3.4%, you'll earn $1000 a year from a $29,687.50 Cisco investment. At today's price of $47.50 per share, this translates to 625 shares.
You can double-check my math by flipping the equation around to run the numbers backwards. Those 625 Cisco shares currently earn $0.40 per quarter, so let's multiply the payout by four dividend payments, and then by 625 shares. The result is exactly $1,000.
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Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Cisco Systems Stock