How Many Shares of Stock to Make $100 a Month in Dividends? (5 Different Stocks)
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How cool would it be to have an extra $100 every month in your pocket? Would be pretty cool right? Extra couple nights out to eat for the week. Fill up your gas tank a couple times. Buy yourself a nice pair of kicks. Or my personal favorite, have an extra $100 to invest with every month!
So in today’s video we are going to be going over exactly how many shares of stock you need to make an extra $100 a month from dividends.
There are 5 stocks I am going to be going over today to show just how many shares you need to invest into and also the total amount of money needed to own those shares for each of these stocks. I wanted to get a different range of yields and types of companies for today’s example.
1. Union Pacific Corporation
Union pacific corp is the parent company of the Union Pacific Railroad. Owning the railroad can be a good idea bc well… its not going anywhere anytime soon. Union pacific has a dividend yield of 2.14%
2. Abbvie
All around great pharma stock who actually just acquired a Botox maker Allergan for $63 billion this year which helped diversify AbbVie’s portfolio a bit to not have such a large dependence on Humira. Being a Dividend Aristocrat. This is a great stock to buy and hold for the long term and collect that great div yield of 4.68%.
3. Visa
A lot of you who have been following for a bit know this is one of my favorite stocks right now and in my opinion a great stock to buy and hold for the long term. Visa I would say is another growth play but has a smaller dividend of 0.62%
4. 3M
3M is an American multinational conglomerate that serves many different industries making it a great diversified company to own in a portfolio. 3M has a dividend yield of 3.68%
5. Altria
This stock is one of the world’s largest producers and marketers of tobacco, cigarettes and related products. Although I am not a buyer of Altria, I wanted to include them on this list because of their massive dividend of 8.09%.
Now lets jump to the graphs and see just how much we would need to earn our $100 per month in dividends. Now just to let you all know, I calculated this based on their annual dividend amount and divided it by $1,200 since $100 per month for a year = $1,200.
Now one thing to think about here is compound interest and the power of reinvesting. Now are some of these amounts pretty heavy… yes. But here is the thing, the larger amounts you start to own in these stocks, the more dividends you get and if you are reinvesting all of that income, that is that much faster you can invest to start earning that passive income! This also probably seems like a lot of money for just and extra $100 a month. Well you can’t think of it that way… You’re not only getting $100 and that’s it. You are also getting a decent size ownership in that company that in return as the company does well, so does your position in that company. So for example, if you own those 204 shares of 3m and their stock price doubles then so does your initial investment of the $32,600. So that turned into $65,200.
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The ideas presented in this video are personal opinions and for entertainment purposes only.
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#drinkbeerbuystocks
Good video thank you.
thank you for this, i am new to all of this and this helped
Exxon mobil also has a 5% yield at around 60 a share.
Why do you need more for Altria vs 3M when Altria has a higher dividend yield?
Psec …
Knowing my luck if i invested this much with a company by time I reach the amount needed for dividends they would stop paying there dividends and there stock would suddenly plummet to rock bottom lol.
Try drinking Dragan milk
You kind of look like that youtuber who dose BJJ videos
thats money thats passive income that as long as the company pays that dividend , you're making money.
So if a company has a 9.297 div/yield and the company is worth $19 how much will I get monthly if I have about 14 shares? I'm still not sure how to calculate this
Astrazeneca, Starbucks, AT&T, Walmart and Apple are currently my favorite Dividend stocks. Looking to get in on Abbvie and Microsoft at some point.
This man is a Blue Moon drinker I think I should subscribe
I think ill leave off Visa lol!
Is there a way to calculate how long to get here using DRIP? Method to get amount of time?
He’s wrong it’s not 14K
This deserves a like
Altria (NYSE:MO) is also losing share price. Not sure how to interpret that for a long term investment.
$12,880 gets you 1000 shares of HRZN and pays out $.10 per share, every month. That’s $100 a month for less than any other stock he picked.
What is the capital gains tax on dividends? If you don't want to reinvest it into that original stock but want to use it to buy other stock?
Mannnnnnnnnn I barely got money to invest in the first place😔 but good vid
Im just starting with robinhood. Got like 700$ in. Getting like 2.50$ a month. Its a mix of monthly/quarterly dividend stocks.
Love this kind of videos, make sure to make more like this one, new subscriber!:)
I used to see Forex trading as a side thing but it has proven to been a major source of passive income ever since i came across Mr Milford Tom, his experience of Forex market is unrivaled.
how to get into the discord alerts group?
Blue moon, pizza, wings and football 🏈 season. Oh yeah, stocks!
Not too good imo for 10k in O it is 135 per month at 158 shares
I actually do have the 5, but Abbvie, mmm, and MO are in my dividends pie on M1
The quality of the shirt went up but the price stayed the same!! Glad I waited. Gotta pick up some of these fire shirts soon! 👍🏽
Damn wondered this after the 1000$ vid so i appreciate it.