Constellation Brands, Inc. (NYSE:STZ) will release earnings for its fourth quarter after the closing bell on Wednesday, April 8.
Analysts expect the beer and spirits company to report quarterly earnings of $1.71 per share. That’s down from $2.63 per share in the year-ago period. The consensus estimate for Constellation’s quarterly revenue is $1.88 billion (it reported $2.16 billion last year), according to Benzinga Pro.
With the recent buzz around Constellation Brands, some investors may be eyeing potential gains from the company’s dividends too. As of now, Constellation Brands has an annual dividend yield of 2.63%, with a quarterly dividend of $1.02 per share ($4.08 annually).
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 $228,373 or around 1,471 shares. …
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