How to Earn $500 a Month from Goldman Sachs Stock Before Q1 Earnings Release

Goldman Sachs Group(NYSE:GS) to Release First Quarter Earnings Results on April 15, 2024 Before the Rock Opens.

Analysts expect the New York-based investment bank to report first-quarter earnings of $8.56 per share, down from $8.79 per share a year ago. Goldman Sachs is expected to post quarterly revenue of $12.92 billion, compared with $12.22 billion in the same period last year, according to Benzinga Pro.

On April 9, JMP Securities analyst Devin Ryan maintained an Outperform rating on Goldman Sachs Group, Inc. and raised his price target on the stock to $460 from $440.00 USD.

With all the recent buzz surrounding Goldman Sachs, some investors may also be eyeing the potential benefits of the company's dividend. Currently, Goldman Sachs pays an annual dividend yield of 2.77%, or $2.75 per share per quarter ($11 per year).

So, how can investors take advantage of its dividend yield and earn $500 per month on a regular basis?

To earn $500 per month or $6,000 per year in dividends, you would need to invest approximately $216,627 or about 545 shares. To earn $100 per month or $1,200 per year, you would need $43,325 or about 109 shares.

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See more benefits about GS

Calculation method Divide the expected annual income (US$6,000 or US$1,200) by the dividend (this is US$11.00). Therefore, $6,000/$11.00 = 545 shares ($500 per month) and $1,200/$11.00 = 109 shares ($100 per month).

Note that the dividend yield rolls over as dividend payments and stock prices fluctuate.

How is it calculated? Dividend yield is calculated by dividing the annual dividend payment by the price of the stock where it was paid.

For example, if a stock pays an annual dividend of $2, where the price was $50, the dividend yield would be 4% ($2/$50). However, if the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). On the other hand, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

Similarly, changes in dividend payments affect the yield. If a company increases its dividend, the yield will increase while the share price remains unchanged. Conversely, if dividend payments decrease, the yield will fall.

Goldman Sachs Price Trend:Shares of Goldman Sachs stock traded down 0.8% on Thursday, closing at $397.48.

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This article, "How to Earn $500 a Month from Goldman Sachs Stock Before Q1 Earnings Release," originally appeared on Benzinga.com.

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