With the recent buzz around Cintas Corporation (NASDAQ:CTAS) and its third-quarter earnings report on Wednesday, March 25, some investors may be eyeing potential gains from the company’s dividends.
As of now, the company has an annual dividend yield of 0.99%. That’s a quarterly dividend amount of 45 cents per share ($1.80 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 $603,973 or around 3,333 shares. For a more modest $100 per month or $1,200 per year, you would need $120,867 or around 667 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.80 in this case). So, $6,000 / $1.80 = 3,333 ($500 per month), and $1,200 …
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