As of now, Bath & Body Works has an annual dividend yield of 4.50%, with a quarterly dividend amount of 20 cents per share (80 cents a year).
So, how can investors use its dividend yield to pocket a regular $500 per month?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $133,200 or around 7,500 shares. For a more modest $100 per month or $1,200 per year, you would need $26,640 or around 1,500 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.80 in this case). So, $6,000 / $0.80 = 7,500 …