Costco Wholesale Corporation (NASDAQ:COST) will release second-quarter earnings after the closing bell on Thursday, March 5.

Analysts expect the retailer to report earnings of $4.54 per share. That's up from $4.02 per share in the year-ago period. The consensus estimate for COST’s quarterly revenue is $69.28 billion (it reported $63.72 billion last year), according to Benzinga Pro. Costco beat analyst revenue estimates in five straight quarters and in eight of the past 10 quarters overall.

Some investors may be eyeing potential gains from the company's dividends. Currently, Costco has an annual dividend yield of 0.52%, which is a quarterly dividend amount of $1.30 per share ($5.20 a year).

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

Next, we take this amount and ...