Looking for $1,000 in dividend income? Let’s take a look at how much you would need to invest in Realty Income stock.
Realty Income Corporation, commonly known as Realty Income, is a real estate investment trust (REIT) that specializes in retail properties. One of the main attractions of investing in Realty Income is its consistent and reliable dividend payments.
Currently, Realty Income pays a monthly dividend of $0.2355 per share. To calculate how much you would need to invest in Realty Income stock to generate $1,000 in dividend income, you would divide $1,000 by $0.2355. This comes out to approximately 4,247 shares of Realty Income stock.
As of writing this article, Realty Income stock is trading at around $58 per share. So, to generate $1,000 in dividend income, you would need to invest approximately $246,226 in Realty Income stock.
It’s important to note that investing in individual stocks, like Realty Income, carries risks. It’s always recommended to do thorough research and consider speaking with a financial advisor before making any investment decisions.
In conclusion, if you’re looking to earn $1,000 in dividend income from Realty Income stock, you would need to invest around $246,226 in the company.