How To Earn $500 A Month From Apple Stock Just In Time For New Products

As tech enthusiasts and investors watch Apple Inc’s AAPL much-anticipated Wonderlust event, there's more than just product launches to be excited about.

Apple will announce its iPhone 15 lineup, including the iPhone 15, iPhone 15 Plus, iPhone 15 Pro, iPhone 15 Pro Max and more. But beyond the glamour of new product announcements, savvy investors are looking for sustainable ways to gain from their Apple holdings.

One of the ways is through dividends.

The Latest from Apple: The iPhone 15 and its Plus variant are expected to inherit some features from its predecessors, the iPhone 14 Pro series.

The new devices are also rumored to support USB-C charging, which not only streamlines Apple's charging ecosystem but also offers iPhone users the flexibility to use non-Apple chargers.

Read also: Apple Wonderlust Event Puts iPhone 15 Suppliers, Competitors In The Spotlight: 8 Stocks To Watch

The Dividend Perspective: While new product launches often lead to a spike in share prices — the stock is currently down but rising now — the long-term benefits of holding stocks come in the form of dividends for many investors.

Let's get into how you can potentially earn $500 a month from Apple's dividends.

By The Numbers: Given Apple Inc.'s current share price and its dividend yield of 0.54%, here's a breakdown of how investors can earn from dividends:

To earn a monthly dividend payout of $500 (or $6,000 annually), an investor would need to own approximately 6,281 shares of Apple, which would run $1,111,111. However, if you’re aiming for a more modest monthly dividend of $100, an investment of $222,222 would work, which equates to around 1,256 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 current 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).

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