The Walt Disney Company (NYSE: DIS) is set to release first-quarter earnings before the opening bell on Monday, Feb. 2. Analysts predict earnings of $1.58 per share, down from $1.76 in the previous year. Revenue is estimated at $25.6 billion, compared to $24.69 billion last year, according to Benzinga Pro.
On Jan. 16, Citigroup analyst Jason Bazinet maintained a Buy rating for Disney but lowered the price target from $145 to $140. With Disney’s recent buzz, investors may be interested in the company’s dividends. Disney currently has an annual dividend yield of 1.34%, with a quarterly dividend of 37.5 cents per share ($1.50 annually).
Investors looking to earn $500 monthly from Disney would need to own approximately $446,320 worth of DIS, or 4,000 shares. For a more conservative goal of $100 monthly, investors would need around $89,264 or 800 shares. Note that dividend yield can change based on fluctuating stock prices and dividend payments.
Dividend yield is calculated by dividing the annual dividend payment by the current stock price. If the stock price changes, the dividend yield will also change. For example, a stock paying a $2 annual dividend with a $50 stock price would have a 4% yield. If the price increases to $60, the yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price drops to $40, the dividend yield would increase to 5% ($2/$40). Changes in the dividend payment can also impact the yield. An increase in dividend payment raises the yield, even if the stock price remains constant. Conversely, a decrease in dividend payment lowers the yield.
Read more at Yahoo Finance: How To Earn $500 A Month From Disney Stock Ahead Of Q1 Earnings
