How to Calculate the Number of Shares of AbbVie Stock Needed for $10,000 in Yearly Dividends

AbbVie is a pharmaceutical company with a robust pipeline of drugs in development and growing revenue. Its dividend has increased by over 330% since 2013 and has a yearly run rate of $6.92 per share. To earn $10,000 in annual dividend income, an investor would need to buy 1,445 shares, costing $296,225 at the current stock price of $205 per share. AbbVie's stock has averaged annual gains of 16.2% over the past decade and has a forward-looking P/E ratio of 14.