Want $500 a Month in Dividends? Here's How Much You'd Need to Invest to Get There.

Detailed summary

SCHD routinely has one of the higher yields among dividend ETFs. The exact amount you need to invest to earn $500 in monthly dividends ($1,500 each of its quarterly payouts) will…

An extra $500 a month could help a lot of people. An extra $500 without having to do extra work could really help a lot of people. In the stock market, it can happen with a quality dividend ETF like the Schwab U.S. Dividend Equity ETF (NYSEMKT: SCHD).

SCHD routinely has one of the higher yields among dividend ETFs. The exact amount you need to invest to earn $500 in monthly dividends ($1,500 each of its quarterly payouts) will vary based on yields at the time, but here is how the math could play out based on various yields and a recent closing price of $36.21 on Nov. 4:

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Most investors won't be able to dump a lump sum into SCHD to hit the…

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