How to Make $500 a Month with Pfizer Stock

Pfizer Inc. (NYSE:PFE) closed at $26.57 at the end of trading on February 6. Over the previous 52 weeks, the stock price has fluctuated between a low price of $25.76 and a high price of $44.33.

The pharmaceutical and biotechnology company launched on January 30 its earnings released for the year ended December 31, 2023. During fiscal 2023, the company returned $9.2 billion to shareholders in the form of dividends, or $1.64 per share.

Based on the current quarterly dividend of $0.42 per share, the annualized dividend for Pfizer is $1.68 per share. Based on the share price on February 6, the dividend yield is 6.32%.

How can you earn $500 per month as a Pfizer investor?

If you have a profit target of $500 per month or $6,000 per year from Pfizer’s dividends, your estimated investment value would be $94,936, approximately 3,573 shares at $26.57 each. If you choose a profit target of $100 per month, your investment value drops to about $19,480, or about 715 shares.

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To use a stock’s dividend yield to calculate an estimated value of investments: To calculate an approximate value of your investments, you need two key variables. One is your desired annual income – $6,000 or $1,200 – and the other is the stock’s dividend yield, which in this case is 6.32%. So $6,000 / 0.0632 = $94,936 to generate an income of $500 per month, and $1,200 / 0.0632 = $18,987 for $100 per month.

To calculate a stock’s dividend yield, divide its annual dividend payments by the stock’s current price. The dividend yield can change over time. This can be attributed to the movements in share prices and the progressive changes in dividend payments.

Take a share for example…

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