To achieve $1,000 in dividend income, you need to invest a significant amount in Starbucks stock. According to the article, to reach this goal, you would need to invest approximately $43,333 in Starbucks stock. This calculation assumes a dividend yield of 2.3% and a dividend payout ratio of 50%.

Starbucks’ dividend yield is higher than the average dividend yield of the S&P 500, which is around 1.5%. However, the company’s dividend growth rate is relatively low compared to other dividend-paying stocks.

The article highlights that Starbucks’ dividend yield is attractive, especially considering the company’s strong financial performance and growth prospects. Additionally, the stock’s price-to-earnings ratio is relatively low, making it a potentially attractive investment for dividend seekers.

For those looking to achieve $1,000 in dividend income, investing in Starbucks stock could be a viable option, provided they have the necessary capital and are willing to hold the stock for the long term.