In order to be paid every other day (on average) -
- 365 days in 2017
- 365 divided by 2 = 182.5 = 183 dividend payments
To try and figure out how many stocks I'll need -
- Realty Income (Stock Ticker O) pays a monthly dividend, so that's 12 payments.
- 183 - 12 = 171 payments left
- All of the other stocks I have pay quarterly dividends (4 times per year)
171/4 payments = 42.75, so I'll need 43 stocks that pay dividends 4 times a year.
At the time of this post, I currently own 30 stocks. This means I'll need to buy 13 more stocks to get up to 43 stocks.
13 more stocks doesn't seem too daunting...but the stocks I have in mind are pretty expensive, in the $100 range. I have no doubt I will get up to 43 stocks in 2017, but when I actually accomplish this, who knows?