Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Occidental Petroleum Stock.

Occidental Petroleum (NYSE: OXY) 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 $0.22 in dividends each quarter, which totals $0.88 per share annually. That means a person who owns 100 shares will receive $88 in dividend payments. In order to calculate the shares needed to reach $1,000 in dividend payments, simply divide 1,000 by 0.88. That works out to 1,136.36 shares.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool