How to Earn $500 From Unum Stock

Unum Group UNM shares are currently selling for $42, and it is in a position to gain from long-term growth estimates. 

Over the past year, UNM stock has gained 4.4%, and it has the potential to earn more through the Unum Group’s unique and improved product line. 

UNM has consistently increased its dividends and share buybacks, boosting its shareholders' value and prospects. 

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How Can Investors Earn at Least $500 From UNM? 

To make $500 per month and at least $6,000 per year from UNM stock, you would need to buy 4,209 shares or invest at least $117,614 at the price on Dec. 5, 2023.

But if you are considering a lower investment of $100 per month and $1,200 annually, you would need an investment of $35,502 or 841 shares. 

To calculate:

Divide your desired annual profit ($6,000 or $1,200) by the dividend yield (0.034 for UNM) 

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For instance: $6,000/0.034= $176,470 annual investment (approximately $14,705 monthly)

$1,200/0.034 = $35,294 annual investment ($2,941 monthly) 

You can calculate the dividend yield by dividing the annual dividend payment by the stock’s existing price. 

For example: 

If UNM stock ($42 in early December 2023) pays an annual dividend of $1.43 per stock, the dividend yield would be 3.4% ($1.43/$42). If the stock price increases to $60, the dividend yield drops to 2.38% ($1.43/$60). If the price is reduced to $35, the dividend yield rises to 4% ($1.43/$35). 

Hikes or reductions in annual dividends can affect yield. If a company increases its dividend, the yield increases even if the stock price stays the same. If the dividend payment decreases, the yield drops. 

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