.
How to Earn $500 a Month from Acuity Brands Stock Before Q2 Earnings Release
United States of AmericaAcuity Brands, Inc.(NYSE: AYI) will release its second quarter financial results on April 3, 2024 before the opening bell.
Analysts expect the company to report second-quarter earnings of $3.25 per share, up from $3.06 in the same period last year. According to Benzinga Pro, the company is expected to report revenue of $908.75 million for the quarter.
On January 25, Acuity Brands raised its quarterly dividend from 13 cents to 15 cents per share, and the company's board of directors authorized an additional 3 million shares of stock.
Due to the recent buzz about Acuity Brands, some investors may be eyeing the potential benefits of the company's dividend. To date, Acuity Brands has a dividend yield of 0.23%, or 15 cents per share per quarter (60 cents per year).
To figure out how to earn $500 per month from Eddie Brands USA, we first need to figure out the annual goal of $6,000 ($500 x 12 months).
We then divide this amount by the $0.60 dividend from Acuity Brands USA: $6,000 / $0.60 = 10,000 shares.
Therefore, an investor would need to hold 10,000 shares of Eddie Brands USA stock, valued at approximately $2,651,400, in order to receive the monthly dividend income of $500.
Assuming a conservative investor goal of $100 per month ($1,200 per year), we can perform the same calculation: $1,200 / $0.60 = 2,000 shares, or $530,280 for $100 per month in dividend income.
View more earnings about AYI
Please also read: Insiders Buy Outlook Therapeutics and Two Other Stocks
Note that the dividend yield will change over time, as both dividend payments and stock prices fluctuate over time.
Dividend yield is calculated by dividing the dividends paid each year by the stock price where it was paid. As the stock price changes, the dividend yield also changes.
For example, if a stock pays an annual dividend of $2 and its price is $50, the dividend yield is 4%, but if the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60).
Conversely, if the stock price falls to $40, the dividend yield will increase to 5% ($2/$40).
In addition, dividend payments themselves change over time, which also affects the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the share price remains unchanged. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
AYI Price Trend:Shares of Eddie Brands USA, Inc. declined 1.3% to close at $265.14 on Thursday.
Read more Jim Kramer says Chevron is performing 'quite well' and will give the pharma giant 'a chance'
Images generated using artificial intelligence via Midjourney.
"The Secret Weapon of Active Investors" - Power up your stock market game with the #1 "News and Everything Else" trading tool: Benzinga Pro - Click here to start a 14-day trial!
Get the latest stock analysis from Benzinga?
-
acuity brands (aei): Free Stock Analysis Report
This article, "How to Earn $500 a Month from Acuity Brands Stock Before Q2 Earnings Releases," originally appeared on Benzinga.com.
© 2024 Benzinga.com. Benzinga does not provide investment advice. Press Release: Press Release: Press Release: Press Release: Press Release: Press Release: Press Release: Press Release: Press Release: Press Release.