Here's How Many Shares of Realty Income You'd Need for $2,000 in Monthly Dividends
Yes, this REIT dishes out its dividend payments on a monthly basis.
Overview
Most investors know that most dividend-paying stocks pay dividends quarterly. That's not true of every dividend stock, though. Real estate investment trust (REIT) Realty Income (NYSE: O) pays a dividend every month, aligning with how most people pay their bills for ordinary living expenses.
This begs the question: How many shares of this brick-and-mortar retailers' landlord would you need to own to collect $2,000 worth of monthly dividend income?
Details
It's not too difficult to figure out. With a current monthly payment of $0.2715 per share, a little over 7,366 shares would do the trick ($2,000 divided by $0.2715 = 7,366.5). That works out to about $440,000 worth of this stock, if you were stepping in at its current price.
Source
Originally published at www.fool.com.