Intuit set to report Q4 earnings after Tuesday's close

Intuit Inc. (NASDAQ: INTU ) will release its fiscal fourth quarter earnings report after the closing bell on Tuesday, Aug.

25.

Analysts expect the company to report quarterly earnings of $3.59 per share, up from $2.75 per share in the year-ago period.

The consensus estimate for Intuit’s quarterly revenue is $4.27 billion.

It reported $3.83 billion last year, according to Pro.

Ahead of quarterly earnings, Deutsche Bank analyst Brad Zelnick, on Aug.

19, maintained a Buy rating on Intuit and lowered the price target from $530 to $425.

With the recent buzz around Intuit, some investors may be eyeing potential gains from the company’s dividends too.

As of now, INTU has an annual dividend yield of 1.33%, which is a quarterly dividend amount of $1.20 per share ($4.80 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 $452,338 or around 1,250 shares.

For a more modest $100 per month or $1,200 per year, you would need $90,468 or around 250 shares.

To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($4.80 in this case).

So, $6,000 / $4.80 = 1,250 ($500 per month), and $1,200 / $4.80 = 250 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).

However, if the stock price increases to $60, the dividend yield drops to 3.33% ($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.

INTU Price Action: Shares of Intuit fell 0.2% to close at $361.87 on Thursday.

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