McCormick & Company, Incorporated (NYSE:MKC) will release earnings for its first quarter before the opening bell on Tuesday, March 31. The spice and condiment company also wants to buy Unilever’s (NYSE:UL) food business.
With the recent buzz around McCormick, some investors may be eyeing potential gains from the company’s dividends. Currently, McCormick has an annual dividend yield of 3.64%, which is a quarterly dividend amount of 48 cents per share ($1.92 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $164,938 or around 3,125 shares. For a more modest $100 per month or $1,200 per year, you would need $32,988 or around 625 …
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