How To Earn $500 A Month From Sunoco Stock

Group 1 - Sunoco LP shares closed slightly higher, with a price increase of 0.4% to $53.50 on Friday [5] - JP Morgan analyst Jeremy Tonet maintained an Overweight rating for Sunoco and raised the price target from $61 to $63 [1] - Sunoco reported quarterly earnings of $3.85 per share, significantly beating the analyst consensus estimate of $1.30 per share [1] - The company also reported quarterly sales of $6.174 billion, exceeding the analyst consensus estimate of $5.822 billion [1] Group 2 - Sunoco has a current dividend yield of 6.55%, translating to a quarterly dividend of 87.56 cents per share, or $3.502 annually [2] - To achieve a monthly dividend income of $500, an investor would need to own approximately 1,713 shares, equating to a total investment of about $91,646 [2] - For a more conservative monthly income goal of $100, an investor would need to acquire 343 shares, requiring an investment of around $18,351 [3] Group 3 - The dividend yield can fluctuate based on changes in the stock price and dividend payments [3][5] - An example illustrates that if a stock's price increases, the dividend yield decreases, and vice versa [4] - Changes in the dividend payment itself can also impact the dividend yield, with increases leading to a higher yield and decreases resulting in a lower yield [5]