How to Earn $500 a Month from Morgan Stanley Stock Before Q1 Earnings Release

Morgan Stanley (financial services company)(NYSE:MS) to Release First Quarter Earnings Results on April 16, 2024 Before the Rock Opens.

According to Benzinga Pro, analysts expect the New York-based bank to report first-quarter earnings of $1.66 per share, up from $1.55 a year ago, and first-quarter revenue of $14.41 billion, compared with $13.92 billion a year ago.

On April 9, JMP Securities analyst Devin Ryan reiterated Morgan Stanley's Market Perform rating.

Due to the recent buzz surrounding Morgan Stanley, some investors may be eyeing the potential benefits of the company's dividend. To date, Morgan Stanley's dividend yield is 3.94%, or 85 cents per share quarterly ($3.40 a year).

To figure out how to earn $500 per month from Morgan Stanley, we started with a goal of $6,000 per year ($500 x 12 months).

Next, we divide this amount by Morgan Stanley's $3.40 dividend: $6,000/$3.40 = 1,765 shares

As a result, investors will need to hold approximately US$152,125 worth of Morgan StanleyStocks.This is 1,765 shares to receive a monthly dividend income of $500.

Assuming a monthly target of $100 ($1,200 per year), the calculation is the same: $1,200 / $3.40 = 353 shares, or $30,425, for a monthly dividend income of $100.

See more benefits about MS

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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 dividend paid each year by the stock price where it was paid before. As the stock price changes, the dividend yield also changes.

For example, if a stock pays a dividend of $2 per year 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.

Morgan Stanley's price action:Shares of Morgan Stanley stock traded down 0.8% on Friday, closing at $86.19.

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This article, "How to Earn $500 a Month from Morgan Stanley Stock Before Q1 Earnings Releases," originally appeared on Benzinga.com.

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