If you want to make $500 per month from Nvidia stock, you need to own enough shares to earn that amount in dividends. Dividends are like the little treats a company gives you for being a shareholder.
Let's say Nvidia pays out a dividend of $0.04 per share, and you want to make $500 per month. First, you'll need to figure out how many shares you'll need to own. Divide your desired monthly income ($500) by the amount of the dividend ($0.04). So, $500 divided by $0.04 equals 12,500 shares.
But, remember that the value of a share can go up or down. This means that the amount of the dividend you receive per share could change too. So, even if you own 12,500 shares, your actual monthly income might be more or less than $500.
Lastly, you would need to have enough money to buy 12,500 shares of Nvidia stock. That's a lot of dough, so you might want to consider other ways to make money, like getting a job or starting a lemonade stand.
I hope this helps! Let me know if you have any more questions.
Best,
DAN
### Zinger:
Based on the information you provided, here's how much you would need to invest to earn $500 per month from Nvidia's dividends:
1. First, let's find out how many shares you would need to own to earn $500 per month. We can do this by dividing the desired monthly income ($500) by the dividend per share ($0.04). This gives us 12,500 shares.
2. Next, let's find out how much it would cost to buy 12,500 shares of Nvidia stock. As of now, each share of Nvidia stock is worth $116.26. So, to buy 12,500 shares, you would need to invest approximately $1,453,250 ($116.26 x 12,500).
3. Finally, let's calculate how much monthly dividend income you would earn from this investment. To do this, we can multiply the number of shares you own (12,500) by the dividend per share ($0.04). This gives us a total dividend income of $500 per month, which is what you were aiming for.
So, to earn $500 per month
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