how much money you need to buy enough shares to get 500 dollars every month from costco dividends, assuming the stock will keep having same dividend for next 12 months.
explanation for adults:
if costco will have the same dividend for the next year, we can calculate how many shares are needed to earn 500 dollars every month from dividends. for that, we will divide the desired monthly dividend by the annual dividend per share. costco currently has a dividend yield of 0.51%, meaning the company pays out $0.51 in dividends for every $100 invested. to generate a monthly dividend income of 500 dollars, an investor would need to own approximately $1,174,587 worth of costco, or 150,000 shares to generate a monthly dividend income of $500. assuming a more conservative goal of $100 monthly, we do the same calculation: $1,200 / $4.64 = 259 shares, or $235,281 to generate a monthly dividend income of $100. Read from source...

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