How many GSFC stocks you'd need for 5000 Rs yearly dividend?

in #blog2 months ago

With the additional column "Dividend Amount" in the provided CSV data, I can revise my calculation.

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From the data:
Announcement Date: 25-05-2023
Dividend Type: Final
Dividend Amount: 10.00 (Assuming this is in Rs)

Given:

  • Stock price: 224.60 Rs
  • Desired yearly dividend: 5000 Rs
  • Dividend per stock: 10.00 Rs (from the most recent data)

To calculate the number of stocks needed, we can use the following formula:

Number of stocks needed = (Desired yearly dividend) / (Dividend per stock)
Number of stocks needed = 5000 / 10.00
Number of stocks needed = 500

Therefore, based on the revised data, you would need to own 500 GSFC stocks to receive a yearly dividend of 5000 Rs, considering the most recent dividend amount of 10.00 Rs per stock.

Please note that this calculation assumes the dividend amount and stock price remain the same in the future. Dividends and stock prices can fluctuate, so this is an estimate based on the given data.