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Until then, some SAIC investors may be eyeing potential gains from the company’s annual dividend yield of 1.62% ($1.48 a year). That’s a quarterly dividend amount of 37 cents per share. So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $371,103 or around 4,054 shares. For a more modest $100 per month or $1,200 per year, you would need $74,239 or around 811 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.48 in this case). So, $6,000 / $1.48 = 4,054 ($500 per month), and $1,200 / $1.48 …
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