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Analog Devices, Inc. (NASDAQ:ADI) will release earnings results for the fourth quarter, before the opening bell on Tuesday, Nov. 25.
Analysts expect the company to report quarterly earnings at $2.23 per share, up from $1.67 per share in the year-ago period. The consensus estimate for Analog Devices' quarterly revenue is $3.02 billion, compared to $2.44 billion a year earlier, according to data from Benzinga Pro.
On Sept. 30, Cantor Fitzgerald analyst Matthew Prisco maintained Analog Devices with an Overweight rating and raised the price target from $270 to $300.
With the recent buzz around Analog Devices, some investors may be eyeing potential gains from the company's dividends too. As of now, Analog Devices offers an annual dividend yield of 1.76%, which is a quarterly dividend amount of 99 cents per share ($3.96 a year).
To figure out how to earn $500 monthly from Analog Devices, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Analog Devices' $3.96 dividend: $6,000 / $3.96 = 1,515 shares.
So, an investor would need to own approximately $341,178 worth of Analog Devices, or 1,515 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 / $3.96 = 303 shares, or $68,236 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.
ADI Price Action: Shares of Analog Devices fell by 3% to close at $225.20 on Thursday.
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Posted In: ADI
