How To Earn $500 A Month From Pfizer Stock Ahead Of Q1 Earnings

Pfizer Inc. (NYSE:PFE) will release earnings for its third quarter before the opening bell on Tuesday, May 5. Analysts expect the pharmaceutical company to report quarterly earnings of 72 cents per share. That’s down from 92 cents per share in the year-ago period.

Benzinga Pro puts the consensus estimate for Pfizer’s quarterly revenue at $13.8 billion. Pfizer reported $13.71 billion last year.

With the recent buzz around the company, some investors are eyeing potential gains from its dividends. Currently, Pfizer has an annual dividend yield of 6.53%. That’s a quarterly dividend amount of 43 cents per share ($1.72 a year).

To figure out how to earn $500 monthly from PFE, we start with the yearly target of $6,000 ($500 x 12 months).

Next, we divide this amount by Pfizer’s $1.72 dividend: $6,000 / $1.72 = 3,488 shares.

So, an investor …

Full story available on Benzinga.com