Oracle corporation (NYSE:Orcl) releases its third -quarter financial consequences, after the Bell closing, Monday, March 10.
Analysts expect the company to report quarterly earnings at $ 1.49 per share, up from $ 1.41 per share year ago. Oracle is quarterly revenue projects of $ 14.4 billion, compared to $ 13.28 billion year earlier, according to data from Pro to gasoline.
On March 5, Guggenheim analyst John Defucci Oracle was repeated with buying and maintaining a price target of $ 220.
With the recent buzz around Oracle, some investors may also be eyeing possible gains from the company's dividends. Oracle currently offers an annual dividend product of 1.06%, which is a quarterly dividend amount of 40 cents per share ($ 1.60 per year).
So how can investors exploit its dividend product to a $ 500 pocket regularly each month?
To earn $ 500 a month or $ 6,000 annually, you would need an investment of around $ 566,025 or around 3,750 shares on you. For a more modest $ 100 a month or $ 1,200 a year, you would need $ 113,205 or about 750 shares.
To calculate: Divide the desired annual income ($ 6,000 or $ 1,200) with the dividend ($ 1.60 in this case). So, $ 6,000 / $ 1.60 = 3,750 ($ 500 per month), and $ 1,200 / $ 1.60 = 750 shares ($ 100 per month).
Note that a dividend product can change on a rolling basis, as the dividend payment and stock price vary over time.
How does that work: The dividend product is counted by sharing the annual dividend payment with the current price of the stock.
For example, if stock pays an annual dividend of $ 2 and is currently priced at $ 50, the dividend product would be 4% ($ 2/$ 50). However, if the stock price increases to $ 60, the dividend product decreases to 3.33% ($ 2/$ 60). Conversely, if the stock price drops to $ 40, the dividend product rises to 5% ($ 2/$ 40).
Similarly, changes in the dividend payment can affect the product. If a company increases its dividend, the product will also increase, provided the stock price remains the same. Conversely, if the dividend payment decreases, also the product.
ORCL PRICE ACTION: Oracle shares fell 6.6% to close at $ 150.94 on Thursday.
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This article How to earn $ 500 a month from Oracle stock before Q3 earnings originally appeared on Benzinga.com
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