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Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Occidental Petroleum Stock.
OXYOXY(OXY) The Motley Fool·2024-10-27 10:53

You may be shocked by how much stock is needed to generate 1,000individendincomefromowningsharesofOccidentalPetroleum.OccidentalPetroleum(OXY0.451,000 in dividend income from owning shares of Occidental Petroleum.Occidental Petroleum (OXY 0.45%) is one of the largest oil and gas producers in the world.So, how many shares do you need to own to generate 1,000 in dividend income? In the simplest terms, someone would need to own 1,137 shares of Occidental stock. Each share of Occidental pays 0.22individendseachquarter,whichtotals0.22 in dividends each quarter, which totals 0.88 per share annually. That means a person who owns 10 ...