Micron Technology Inc (NASDAQ: MU) shares hit a new all-time high before dipping slightly. The surge was driven by strong first-quarter results, with revenue of $13.64 billion and adjusted earnings of $4.78 per share. Micron’s role in AI infrastructure is a key factor in the stock’s growth.

Investors are eyeing Micron’s dividends, with an annual yield of 0.16% and quarterly dividend of 11.5 cents per share. To earn $500 monthly from Micron, one would need approximately $3,739,167 worth of Micron stock, or 13,043 shares. A more conservative goal of $100 monthly would require $747,948 worth of stock.

Dividend yield is calculated by dividing the annual dividend payment by the current stock price. Changes in stock price or dividend payment can impact the dividend yield. If a company increases its dividend, the yield will increase, even if the stock price remains the same. Conversely, a decrease in dividend payment will lower the yield.

Read more at Yahoo Finance: How To Earn $500 A Month From Micron Stock