How To Earn $500 Per Month From Diageo (NYSE: DEO) Stock

Diageo Plc DEO stock prices reached a 52-week high of $191.93 and hit a 52-week low of $135.63, according to recent reports. 

Diageo pays dividends at a rate of 2.77% in April and October. Investors looking for a flexible plan — six to  12 months — may take advantage of the Diageo stock opportunity in preparation for the bull market. 

To earn $500 per month or $6,000 per year, you must invest $216,606 to buy 1,539 shares. To earn $100 per month or $1,200 per year, you must invest $43,321 to buy 307 shares. 

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To calculate your investment: 

Divide your desired income of $6,000 or $1,200 by Diageo's dividend yield of 0.0277: 

$6,000/0.0277 = $216,606 ($18,050 per month investment) or $1,200/0.0277 = $43,321 ($3,610 per month investment). 

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

To calculate your dividend yield before investing, divide the annual dividend payment by the stock's price. 

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For instance, if a stock pays an annual dividend of $3.90 and is selling at approximately $140.70 per share, the dividend yield would be $3.90/$140.70 = 0.0277 or 2.77%. However, if the stock price increases to $150, the dividend yield would be $3.90/$150 = 0.026 or 2.6%. But if the stock price slides to $120, the dividend yield would be $3.90/$120 = 0.0325 or 3.25%. 

Like the stock price, changes in the dividend payment can affect the yield. If a company increases the dividend payment on a stock, the yield will rise. But if it decreases the payment, the yield will fall. 

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