Bath & Body Works, Inc. (NYSE:BBWI) will release its fourth quarter earnings before the opening bell on Wednesday, March 4.

Meanwhile, some of the retailer’s investors are eyeing potential gains from the company's dividends. Currently, Bath & Body Works has an annual dividend yield of 3.63%. That’s a quarterly dividend amount of 20 cents per share (80 cents a year).

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

Next, take this amount and divide it by Bath & Body Works' $0.80 dividend: $6,000 / $0.80 = 7,500 shares.

So, an investor would need to own approximately $165,300 worth of Bath & Body Works, or 7,500 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: ...