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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 in this case). So, $6,000 / $1.96 = 3,061 ($500 per month), and $1,200 / $1.96 = 612 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.
TSN Price Action: Shares of Tyson Foods fell 0.2% to close at $60.76 on Thursday.
On Aug. 5, analysts expect the company to report quarterly earnings at 65 cents per share, up from 15 cents per share in the year-ago period.
Tyson projects to report quarterly revenue of $13.21 billion for the quarter, according to data from Benzinga Pro.
On July 10, Bank of America Securities analyst Bryan Spillane maintained Tyson with a Neutral and lowered the price target from $62 to $60.
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