How To Earn $500 A Month From Fox Corp Stock

Fox Corp FOX FOXA on Monday announced a shift in its primetime Fox News lineup, following the departure of Tucker Carlson, the former top-rated cable TV host, from the network on April 21, who now hosts his own show on Elon Musk’s Twitter.

Starting on July 17, the new lineup will kick off with Laura Ingraham at 7 p.m. ET, followed by Jesse Watters who is taking over Carlson’s 8 p.m. ET time slot, Sean Hannity, and Greg Gutfeld, leading to the nightly newscast, “FOX News @ Night” with Trace Gallagher, according to a press release.

Fox News Media’s CEO Suzanne Scott was confident in the network’s primetime shuffle saying, “The unique perspectives of Laura Ingraham, Jesse Watters, Sean Hannity, and Greg Gutfeld will ensure our viewers have access to unrivaled coverage from our best-in-class team for years to come.”

Shares of the Rupert Murdoch-owned media company ticked up more than 1.4% on the news. . This development is significant for investors, given the company’s attractive dividend yield of 1.51%.

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How much Fox stock would an investor need to yield $500 per month?

We'll start with the monthly $500 target, which translates to $6,000 per year ($500 x 12 months).

Next, we’ll divide the $6,000 by Fox's 1.51% dividend yield: $6,000 / 0.0151 = $397,351.

So, an investor looking to earn $500 a month from the stock would need $397,351, or 11,990 shares.

For a more modest $100 per month, you’d need $79,470, or 2,398 shares.

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.

For example, if a stock pays an annual dividend of $2 and its price is $50, its dividend yield would be 4%. If the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).

Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).

Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.

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