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AZZ Inc. (NYSE:AZZ) will release earnings results for its first quarter, after the closing bell on Wednesday, July 10.
Analysts expect the Fort Worth, Texas-based company to report quarterly earnings at $1.28 per share, up from $1.14 per share in the year-ago period. AZZ expects to post revenue of $399.38 million for the quarter, according to data from Benzinga Pro.
On June 27, AZZ announced a fiscal year 2025 first-quarter cash dividend of 17 cents per share.
With the recent buzz around AZZ, some investors may be eyeing potential gains from the company's dividends, too. AZZ currently offers an annual dividend yield of 0.90%. That’s a quarterly dividend of 17 cents per share (68 cents 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 $665,065 or around 8,824 shares. For a more modest $100 per month or $1,200 per year, you would need $133,028 or around 1,765 shares.
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To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.68 in this case). So, $6,000 / $0.68 = 8,824 ($500 per month), and $1,200 / $0.68 = 1,765 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). 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 rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
AZZ Price Action: Shares of AZZ fell 1.2% to close at $75.37 on Tuesday.
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