Want $1,000 in Dividend Income? Here's How Much You Have to Invest in Occidental Petroleum Stock.
OXY(OXY) The Motley Fool·2024-10-27 18:53
You may be shocked by how much stock is needed to generate $1,000 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 $0.22 in dividends each quarter, which totals $0.88 per share annually. That means a person who owns 10 ...