If Smith & Wesson Brands gives out $2 in dividends for every $100 invested, how much money would you need to have to receive $500 every month?

Answer:

First, we need to find out how many shares you would need to own to get $500 per month. To do this, we divide the total amount of money you want to receive by the amount of money each share gives in dividends.

$500 (what you want) / $0.52 (each share's dividend) = 9,615 shares

So, you would need to own 9,615 shares of Smith & Wesson Brands to get $500 per month.

Next, we need to find out how much money you would need to invest to own that many shares. To do this, we multiply the number of shares by the price of each share.

9,615 shares * $14.25 (price of each share) = $137,591.25

So, you would need to invest $137,591.25 to get $500 per month from Smith & Wesson Brands' dividends. Read from source...

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