Many people are investing in stocks and shares these days. Some of them are doing this for the first time and some want to earn more money than what they already have. The question is, how can they earn monthly salary from stock market dividend?
This article will consider the monthly salary from stock market dividend. How much you can expect to earn monthly, as well as how much you will need to invest to achieve that amount with the company.
Table of Contents
What is Dividend
A stock market dividend is a distribution of a company’s earnings to its shareholders. Dividends can be issued from profits or from the reserves of the company.
Dividend payment is usually done in cash and the dividend is transferred directly to your bank account. The payment can be increased or decreased according to the profits of the company.
If you want to know more details about Dividend please watch the video below.
Montly Salary from Stock Market Dividend
To calculate your monthly salary from stock market dividends, you need to know which stocks are paying regular dividends.
As the company pays dividend on quarterly or yearly basis. So to get monthly salary from stock market dividend you have to invest in at least 12 different stocks to receive dividend every month.
Top Stocks that give Dividend in January
- TCS
- Wipro
Top Stocks that give Dividend in February
- CRISIL
- Bharat Petroleum Corporation Ltd
- GAIL (India) Ltd (2 Times a year)
- Oil and Natural Gas Corporation Ltd (2 Times a year)
- NHPC Ltd (2 Times a year)
- SJVN Ltd (2 Times a year)
- ONGC
- BEL
- Balrampur Chini
Top Stocks that give Dividend in March
- Coal India
- NMDC Ltd
- Vedanta Ltd
- RITES Ltd
- Gail Ltd
- NTPC
Top Stocks that give Dividend in April
- HDFC Bank
- HCL Tech
Top Stocks that give Dividend in May
- ITC
- Gail Ltd
- Trident
Top Stocks that give Dividend in June
- HDFC Bank
- ICICI Bank
- Power Grid
- Deepak Nitrite
Top Stocks that give Dividend in July
- JSW
- Indus Towers Ltd
- HCL Tech (3 to 4 Times a year)
- Redington
- Tata Steel
- Alembic Pharma
Top Stocks that give Dividend in August
- Indian Oil
- Britannia Industries Ltd
- BSE Ltd
- NTPC
- IEX
Top Stocks that give Dividend in September
- GNA
- NTPC Ltd
- Pnb Gilts Ltd
- Housing and Urban Development Corporation Ltd
- REC Limited
- HCL Tech (3 to 4 Times a year)
- ONGC
- BEL
Top Stocks that give Dividend in October
- Hindustan Uniliever
- Hindustan Zinc Ltd
- RCF
Top Stocks that give Dividend in November
- Exide
- CAMS
Top Stocks that give Dividend in December
- Rail Vikas Nigam Ltd
- HCL Tech (3 to 4 Times a year)
In the above list we have analyzed the stocks which pay dividend every month. Now you have to add one stock from each month in your demat account. The amount of stock is depends on how much you want to invest in per stock.
Example for montly salary in January
If you want to get montly salary in january from stock dividend then you have to add wipro in your demat account.
If you want to earn Rs. 10,000 as salary from dividends in January, so you must use this formula to calculate how much you’ll need to add the quantity of that stock.
Montly salary you need / Dividend per shareÂ