Broadcom Inc. (NASDAQ:AVGO) will release its second-quarter financial results after the closing bell on Thursday, June 5.
Some investors may be eyeing potential gains from the Palo Alto, California-based company’s dividends. Currently, Broadcom offers an annual dividend yield of 0.90%. That’s a quarterly dividend amount of 59 per share ($2.36 a year).
To figure out how to earn $500 monthly from Broadcom, we start with a yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Broadcom’s $2.36 dividend: $6,000 / 2.36 = 2,542 shares.
So, an investor would need to own approximately $663,665 worth of Broadcom, or 2,542 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: …
Full story available on Benzinga.com
Broadcom Inc. (NASDAQ:AVGO) will release its second-quarter financial results after the closing bell on Thursday, June 5.
Some investors may be eyeing potential gains from the Palo Alto, California-based company’s dividends. Currently, Broadcom offers an annual dividend yield of 0.90%. That’s a quarterly dividend amount of 59 per share ($2.36 a year).
To figure out how to earn $500 monthly from Broadcom, we start with a yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Broadcom’s $2.36 dividend: $6,000 / 2.36 = 2,542 shares.
So, an investor would need to own approximately $663,665 worth of Broadcom, or 2,542 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: …
Full story available on Benzinga.com
Broadcom Inc. (NASDAQ:AVGO) will release its second-quarter financial results after the closing bell on Thursday, June 5.
Some investors may be eyeing potential gains from the Palo Alto, California-based company’s dividends. Currently, Broadcom offers an annual dividend yield of 0.90%. That’s a quarterly dividend amount of 59 per share ($2.36 a year).
To figure out how to earn $500 monthly from Broadcom, we start with a yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Broadcom’s $2.36 dividend: $6,000 / 2.36 = 2,542 shares.
So, an investor would need to own approximately $663,665 worth of Broadcom, or 2,542 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: …Full story available on Benzinga.com Read More$500 Dividend, AVGO, dividend yield, dividends, Earnings, Long Ideas, News, Dividends, Markets, Trading Ideas, AVGO, SG9999006241, Long Ideas, News, Earnings, Dividends, Markets, Trading Ideas, Benzinga Markets
