Monthly Dividend Calculator

How many dividend paying stocks should I own to get a specific monthly income?

I want a target monthly dividend income of

$1,000

with a dividend-paying stock that costs

$50

and an annual yield of

4.25%

A single share produces an annual yield of $2.13 or $0.18 per month.

You need a total of

5,647 shares

which costs a total of

$282,353

to receive monthly dividends enough to generate your target monthly income.

Common Examples

As of October 2024, values rounded

DRIP Calculator

How many stocks do I need for the Dividend Re-investment Program to get enough dividends to get 1 full share?

Target Gross Salary Calculator

Calculate how much yearly gross salary you need before taxes to get a target after-tax yearly income

Income & Pay Raise Tax Calculator

Calculate the amount of income tax you may need to pay based on your yearly salary and your province.