Here's How Many Shares of McDonald's You'd Need for $2,000 in Yearly Dividends

Buy Target stock by November 9 to qualify for its December 1 dividend. Here's how many shares of the dividend king you'd need for $2,000 in yearly payouts. The quarterly payout is $1.16 per share, payable on December 1. To be eligible, you must own shares by November 9. Remember, buying a stock solely for dividends isn't advisable, as the price should adjust accordingly on the ex-dividend date.

Despite Target's impressive 62% gain this year, it offers a solid 2.8% yield. At its current $100+ price, fewer shares than expected are needed to accumulate $2,000 in annual dividends. With an annualized dividend of $4.64 per share, you'd need about 431 shares for $2,000 in yearly payouts. But here's the catch: Target shares might need fewer in the future.

As a Dividend King with a 55-year streak of consecutive increases, this retailer has survived multiple recessions. Recent earnings guidance suggests this streak could extend to 56 years. As dividends grow, fewer shares will be required to reach the $2,000 target. Time is running out, but the clock is working in your favor. For more investment insights, consult The Motley Fool's premium services.