How To Earn $1,000 Per Month From IBM Stock
Portfolio Pulse from Shankar Iyer
The article explains how to earn a monthly income from IBM's dividends, using the example of generating $1,000 per month. It details the investment needed based on IBM's annualized dividend of $6.63 and a dividend yield of 4.08% as of Dec. 15, with IBM stock closing at $162.23. To earn $1,000 monthly, an investment of approximately $294,118 is required, equating to 1,813 shares. The article also notes that IBM's stock price was $161.56 at the end of trading on Dec. 19.
December 28, 2023 | 3:00 pm
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IBM's consistent dividend payments and the calculation of investment needed to earn a specific monthly income from dividends are highlighted. The stock closed at $162.23 on Dec. 15, with a dividend yield of 4.08% and an annualized dividend of $6.63.
The article provides a positive view on IBM's dividend payments, suggesting a stable and attractive yield for investors. This could lead to increased investor interest in the short term, especially among income-focused investors, potentially driving up the stock price.
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