Want $1,000 in Dividend Income? Here's How Much You'd Have to Invest in Pfizer Stock
(NYSE: PFE) stock has struggled over the past year, losing around 28% of its value. Its dividend payout, meanwhile, has continued to rise again and again. This combination has pushed the dividend yield up to nearly 6%.
Is this your chance to secure a generous income stream of dividends?
With the current dividend yield at 5.9%, you would need to invest around $17,000 into Pfizer stock to earn $1,000 in annual income. If you wanted to earn $1,000 in monthly income, you'd need to invest roughly $200,000.
Source Fool.com