Want $1,000 in Dividend Income? Discover the Investment Needed in Starbucks Stock

Wednesday, 25 September 2024, 05:46

Want $1,000 in dividend income? To achieve this with Starbucks stock, you need to determine how much to invest. By dividing $1,000 by the current dividend per share, you can calculate the exact investment required. This article provides insights on investing effectively in Starbucks to reach your income goals.

Fool — Want $1,000 in Dividend Income? Discover the Investment Needed in Starbucks Stock

Calculating the Required Investment for $1,000 in Dividend Income

If you're aiming for $1,000 in dividend income from Starbucks stock, it's essential to know how much to invest. Calculate your needed shares by dividing your dividend goal by the dividend per share. This simple method gives clarity on your investment strategy for Starbucks.

Determining Share Requirements

To collect your $1,000 dividend income annually, determine the current dividend per share, which is $2.28. Then, follow this formula:

Number of shares needed: $1,000 ÷ $2.28 = approximately 439 shares

With the recent Starbucks stock price hovering around $96.50, the total investment would be:

Total investment required: 439 shares × $96.50 = around $42,300

Such calculations simplify your approach when considering income from dividend stocks.

This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.