As Goldman Sachs Group, Inc. (NYSE:GS) prepares to release earnings results for its third quarter before the opening bell on Tuesday, Oct. 15, observers should take note of the firm’s annual dividend yield of 2.32%.
That’s a quarterly dividend amount of $3.00 per share ($12.00 a year). To earn $500 monthly from Goldman Sachs, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Goldman Sachs' $12.00 dividend: $6,000 / $12.00 = 500 shares
Investors would need to own 500 Goldman Sachs shares ($258,150 worth) to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $12.00 = 100 shares, or $51,630 to ...
