Want $1,000 in Dividend Income? Here's How Much You'd Have to Invest in Unilever Stock.
Currently, investors would need to buy roughly $29,400 worth of (NYSE: UL) stock -- or about 542 shares -- to receive $1,000 in annual dividend income. As impressive as the consumer staples juggernaut's 3.4% dividend yield is, this outlay of hard-earned cash may make $1,000 of dividend income seem unattainable to many investors.
However, let's consider it through a different historical lens.
Had an investor bought $400 of Unilever stock annually starting in 2000 and reinvested dividends, they'd now have a stake worth about $31,000, after investing only $10,000 over those two-and-a-half decades.
Source Fool.com