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KB Home (NYSE:KBH) is set to release second-quarter financial results, after the closing bell on Tuesday.
Analysts expect the Los Angeles, California-based company to report quarterly earnings at $1.80 per share. That’s down from $1.94 per share in the year-ago period.
KB Home is expected to post revenue of $1.65 billion, according to data from Benzinga Pro.
On April 18, KB Home’s board of directors authorized the repurchase of up to $1 billion of the company's outstanding common stock. The board also approved an increase in the quarterly cash dividend on the stock to 25 cents per share from 20 cents per share.
With the recent buzz around KB Home, some investors may be eyeing potential gains from the company's dividends. As of now, KB Home has a dividend yield of 1.44% — a quarterly dividend amount of 25 cents a share ($1.00 a year).
To figure out how to earn $500 monthly from KB Home, start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by KB Home's $1.00 dividend: $6,000 / $1.00 = 6,000 shares
So, an investor would need to own approximately $416,820 worth of KB Home, or 6,000 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $1.00 = 1,200 shares, or $83,364 to generate a monthly dividend income of $100.
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Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
KBH Price Action: Shares of KB Home rose 0.2% to close at $69.47 on Thursday.
Check This Out: How to Find Dividend Stocks: Scan, Analyze, and Capture with Benzinga Pro
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