How to Earn $250 a Month From Exxon Stock
The oil and gas giant's dividend history is reliable enough to reasonably predict its future.
Overview
It's not quite regarded as the go-to dividend stock as it used to be. Nevertheless, with a forward-looking yield of 2.5% based on a dividend that's not only been paid like clockwork for decades now but has been raised every year for the past 43 consecutive years, energy name ExxonMobil's (NYSE: XOM) still got plenty of dividend mojo left.
And this begs the question: How much Exxon would you need to own to generate, say, $250 per month in dividend income?
Details
OK, you can't quite do that, since ExxonMobil's dividends are paid on a quarterly basis. Assuming you can split a $750 quarterly payment into three equal chunks of $250 each, how much of an investment would be needed to earn $750?
Source
Originally published at www.fool.com.