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How To Earn $500 A Month From Tyson Foods Stock Ahead Of Q3 Earnings Report
Tyson Foods, Inc. (NYSE:TSN) will release earnings results for its third quarter, before the opening bell on Monday, Aug. 5.
Some investors may be eyeing potential gains from the Springdale, Arkansas-based company's dividends.
Tyson Foods currently offers an annual dividend yield of 3.23%, which is a quarterly dividend amount of 49 cents per share ($1.96 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $185,986 or around 3,061 shares. For a more modest $100 per month or $1,200 per year, you would need $37,185 or around 612 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.96 ...