coca cola company (NYSE:KO) is expected to announce its third-quarter earnings ahead of time. Opening bell on Wednesday, October 23rd
Analysts expect the Atlanta-based beverage company to report quarterly earnings of 74 cents per share. This was up from 67 cents per share in the year-ago period. According to data, Coca-Cola expects sales of $11.6 billion for the latest quarter, compared to $11.44 billion a year ago. Benzinga Pro.
On October 17, The Coca-Cola Company announced that Bela Bajaria, Netflix’s chief content officer, has been elected to the company’s board of directors.
Given the recent buzz surrounding Coca-Cola, some investors may also be eyeing the company’s dividend potential. The company’s annual dividend yield is 2.79%. This represents a quarterly dividend of 48.5 cents per share, or $1.94 per year.
To understand how to make $500 per month from Coca-Cola, start with an annual goal of $6,000 ($500 x 12 months).
Then divide this amount by Coca-Cola’s $1.94 dividend: $6,000 / $1.94 = 3,093 shares
Therefore, for an investor to earn $500 in dividend income each month, they would need to own approximately $214,809 worth of Coca-Cola, or 3,093 shares.
Do the same calculations assuming a more modest goal of $100 per month ($1,200 per year). $1,200 / $1.94 = 619 shares, or $42,990, giving you $100 in monthly dividend income.
Keep in mind that dividend yields can change periodically, as dividends and stock prices fluctuate over time.
Dividend yield is calculated by dividing the annual dividend by the current stock price. As the stock price fluctuates, the dividend yield will also fluctuate.
For example, if a stock pays an annual dividend of $2 and the current price is $50, the dividend yield is 4%. However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60).
Conversely, if the stock price falls to $40, the dividend yield increases to 5% ($2/$40).
Furthermore, the dividend itself can change over time, which can also affect the dividend yield. If a company increases its dividend, the dividend yield will increase even if the stock price remains the same. Similarly, when a company reduces its dividend payments, its dividend yield also falls.
KO price action: Coca-Cola stock fell 1.4% on Monday, closing at $69.45.
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This article How to make $500 a month from Coca-Cola stock ahead of Q3 earnings originally appeared Benzinga.com
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