Apple Inc. is set to release its third-quarter earnings report, with analysts expecting earnings of $1.42 per share and revenue of $89.04 billion. The tech giant’s dividend yield is currently 0.50%, offering investors potential gains. To earn $500 monthly from dividends, an investment of $1,206,009 is needed.

Investors can calculate the number of shares required to reach their desired dividend income by dividing the annual income by the dividend amount per share. The dividend yield can fluctuate based on changes in the dividend payment and stock price. Apple’s stock fell 1.1% to close at $209.05 on Wednesday.

Understanding how to leverage dividend yields can help investors create a steady income stream from their investments. Changes in dividend payments and stock prices can affect the yield percentage, impacting potential earnings. It’s essential to monitor these factors to maximize returns on investment.

Read more at Yahoo Finance: How To Earn $500 A Month From Apple Stock Ahead Of Q3 Earnings