Home Depot, Inc. (NYSE:HD) will release second-quarter earnings before the opening bell on Tuesday, Aug. 19. Analysts expect earnings at $4.69 per share, up from $4.60 last year. Revenue is projected at $45.31 billion, up from $43.17 billion last year.

Investors eyeing Home Depot’s dividends can earn $500 monthly with an investment of $260,396 or 652 shares. For a more modest $100 monthly, you would need $51,919 or around 130 shares. Dividend yield changes over time as both payment and stock price fluctuate.

Dividend yield is computed by dividing the annual dividend payment by the stock’s current price. Changes in dividend payment or stock price impact the yield. Home Depot’s stock price fell 0.2% to close at $399.38 on Friday. Analysts maintain a positive outlook with price targets ranging from $433 to $455.

To earn from dividends alone, divide desired annual income by the dividend. If a stock pays $2 annually and is priced at $50, the yield is 4%. If the price increases to $60, the yield drops to 3.33%. Conversely, if the price falls to $40, the yield rises to 5%. Changes in dividend payment also impact the yield.

Read more at Yahoo Finance: How To Earn $500 A Month From Home Depot Stock Ahead Of Q2 Earnings