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To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $1,008,174 or around 1,442 shares.

Walmart offers a quarterly dividend amount of 23 cents per share. To earn $500 monthly, start with the yearly target of $6,000.

The article Annual Fees Over $500? Here’s When They Make Sense originally appeared on NerdWallet.