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PVH Corp. (NYSE:PVH), the clothing company that owns brands such as Tommy Hilfiger and Calvin Klein, will release earnings results for its second quarter, after the closing bell on Tuesday, Aug. 27.
Analysts expect the New York-based company, which also owns Warner’s, Olga and True & Co., to report quarterly earnings at $2.29 per share. That’s up from $1.98 per share in the year-ago period. PVH is projected to post revenue of $2.07 billion, according to data from Benzinga Pro.
With the recent buzz around PVH, some investors may be eyeing potential gains from the company's dividends. As of now, PVH has a dividend yield of 0.15%. That’s a quarterly dividend amount of 3.75 cents a share (15 cents a year).
To figure out how to earn $500 monthly from PVH, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by PVH's $0.15 dividend: $6,000 / $0.15 = 40,000 shares
So, an investor would need to own approximately $4,074,800 worth of PVH, or 40,000 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 / $0.15 = 8,000 shares, or $814,960 to generate a monthly dividend income of $100.
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.
PVH Price Action: Shares of PVH fell 0.1% to close at $101.87 on Thursday.
On Aug. 22, Bank of America Securities analyst Heather Balsky maintained PVH with a Buy rating and lowered the price target from $144 to $133.
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