Target to report Q2 earnings Aug. 19 pre-bell

Target Corporation (NYSE: TGT ) will release its second-quarter earnings report before the opening bell on Wednesday, Aug. 19. 05 per share in the year-ago period. 08 billion.

21 billion last year, according to Pro. On Friday, Telsey Advisory Group analyst Joseph Feldman maintained Target with an Outperform rating and raised the price target from $150 to $170, while Jefferies analyst Corey Tarlowe maintained the stock with a Buy and boosted the price target from $161 to $177. With the recent buzz around Target, some investors may be eyeing potential gains from the company’s dividends too. 64 a year).

So, how can investors leverage its dividend yield to pocket a regular $500 per month? To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $199,743 or around 1,293 shares. For a more modest $100 per month or $1,200 per year, you would need $40,010 or around 259 shares. 64 in this case).

64 = 259 shares ($100 per month). Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time. How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price. For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50).

33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40). Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same.

Conversely, if the dividend payment decreases, so will the yield. 48 on Friday. Image by Ken Wolter via Shutterstock