How To Earn $500 A Month From McCormick Stock Ahead Of Q3 Earnings

McCormick & Company, Incorporated (NYSE:MKC) will release earnings results for its third quarter, before the opening bell on Tuesday, Oct. 1.

Analysts expect the Hunt Valley, Maryland-based company to report quarterly earnings at 67 cents per share, up from 65 cents per share in the year-ago period. McCormick is projected to post quarterly revenue of $1.67 billion, according to Benzinga Pro.

With the recent buzz around McCormick, some investors may be eyeing potential gains from the company's dividends. As of now, McCormick has a dividend yield of 2.02%. That’s a quarterly dividend of 42 cents a share ($1.68 a year).

To earn $500 monthly from McCormick, start with the yearly target of $6,000 ($500 x 12 months).

Next, we take this amount and divide it by McCormick's $1.68 dividend: ...