Steel Dynamics, Inc. (NASDAQ:STLD) will release earnings results for the third quarter, after the closing bell on Monday, Oct. 20.

Analysts expect the company to report quarterly earnings at $2.63 per share, up from $2.05 per share in the year-ago period. Steel Dynamics is likely to post quarterly revenue of $4.76 billion. Last year, it earned $4.34 billion, according to data from Benzinga Pro.

With the recent buzz around Steel Dynamics, some investors may be eyeing potential gains from the company's dividends too. Steel Dynamics currently offers an annual dividend yield of 1.40%. That’s a quarterly dividend amount of 50 cents per share ($2.00 a year).

To figure out how to earn $500 monthly from Steel Dynamics, we start with the yearly target of $6,000 ($500 x 12 months).

Next, we take this ...