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$0.28 in annual dividends per share is the figure Caleres, Inc. (CAL) income investors are working with: divided into a $6,000 annual income target, that implies 21,429 shares and a capital outlay of roughly $259,505.
At the smaller scale, $1,200 per year ($100 per month) requires 4,286 shares and approximately $51,903. Caleres pays $0.07 per quarter, and the annual yield stands at 2.31%.
| Monthly target | Annual income | Shares required | Capital required | |---|---|---|---| | $500 | $6,000 | 21,429 | $259,505 | | $100 | $1,200 | 4,286 | $51,903 | The yield ratio is not a fixed number.
Caleres's 2.31% is the $0.28 annual dividend divided by the current stock price, and both inputs move independently. A stock price that rises compresses the yield; one that falls widens it.
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