How To Earn $500 A Month From Citigroup Stock

Oppenheimer analyst Chris Kotowski updated shares of Citigroup, Inc C to a Maintains rating and set the price target from $82 to $85.

While Citigroup anticipates full-year 2023 adjusted revenue to range between $78 billion and $79 billion, Kotowski believes that the potential to shrink the share count is enormous, paving the way for patient shareholders to reap rewards.

In addition to solid performance, Citigroup’s healthy dividend yield of 4.6% provides an opportunity for income-focused investors.

Don’t Miss:

• Jeff Bezos called the meteoric success of this real estate investing strategy early on. He bet millions on the growth of fractional investing, and you can get in on the action with as little as $100.
• Passive income investments are one of the most trusted methods for riding out a recession, so it's no surprise that people are turning to high-yield real estate notes that pay a fixed 7.5% to 9%.

For those aiming to earn $500 per month from dividends, they would need to hold about $130,434.78 in the stock or roughly 2,899 shares.

On a smaller scale, a monthly income target of $100 would require about $26,086.96 or about 579 shares.

So how does this work? The calculation involves translating the monthly target into an annual figure ($500 x 12 months equals $6,000 per year), which is then divided by Citigroup’s dividend yield. For a $500 monthly income, the equation would look like this: 6000 / 0.046 = $130,434.78.

Deloitte’s #1 fastest-growing software company partners with Amazon, Walmart & Target – Many are rushing to grab 4,000 of its pre-IPO shares for just $0.26/share!

Mode Mobile developed a smartphone called EarnPhone, which allows users to earn and save money by playing video games, listening to music and reading the news. With the phone priced at an affordable $99, the barriers to adoption are low.

Earning Opportunity for All Smartphone Users

Mode EarnPhone
State-of-the-art smartphone device includes built-in earning features.
EarnOS
Proprietary earning software turns smartphones into EarnPhones.

Min. Investment: $1000

Share Price: $0.26

Valuation: $310M

Click To Learn More About Mode Mobile

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.

For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).

Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).

Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.

Read Next:

• Warren Buffett once said, "If you don't find a way to make money while you sleep, you will work until you die." Here are 3 high-yield investments to add significant income to your portfolio.
• Investing in real estate just got a whole lot simpler. This Jeff Bezos-backed startup will allow you to become a landlord in just 10 minutes, and you only need $100.

Photo: Shutterstock

This article was originally published on July 18, 2023, and updated to reflect the stock’s current dividend yield.