Dick’s Sporting Goods, Inc. (NYSE:DKS) is projected to post revenue of $3.44 billion when it releases second-quarter, earnings on Wednesday, Sept. 4, according to data from Benzinga Pro.
With the recent buzz around Dick’s, some investors may be eyeing potential gains from the company's dividends. As of now, the company has a dividend yield of 1.87%. That’s a quarterly dividend amount of $1.10 a share ($4.40 a year).
To figure out how to earn $500 monthly from Dick’s, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Dick's $4.40 dividend: $6,000 / $4.40 = 1,364 shares
So, an investor would need to own approximately $320,622 worth of Dick's, or 1,364 shares to generate a monthly ...
