Lowe’s Companies, Inc. (NYSE:LOW) is scheduled to report first-quarter earnings before the opening bell on Wednesday, May 20.
Analysts expect the home improvement retailer to post earnings of $2.97 per share, up from $2.92 a year earlier, on revenue of $22.88 billion compared with $20.93 billion last year, according to Benzinga Pro.
With growing attention on Lowe’s stock, some investors remain focused on its dividend appeal. Lowe’s currently offers an annual dividend yield of 2.20%, paying $1.20 per share quarterly, or $4.80 annually. Here’s how much investors would need to invest in Lowe’s to generate $500 in monthly dividend income.
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $272,525 or around 1,250 shares. For a more modest $100 per month or $1,200 …
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