Reported about 1 month ago
To generate a steady income of $100 per month, or $1,200 annually, investors need to buy approximately 500 shares of Bristol-Myers Squibb stock, equating to an investment of about $24,048 at the current share price of $48.11. With a dividend yield of 4.99%, this approach can provide a reliable income stream, especially considering the company's consistent history of dividend increases over the past 17 years.
Source: YAHOO