NIKE, Inc. (NYSE:NKE) is set to release earnings results for its fourth quarter, after the closing bell on Thursday.
Analysts expect the Beaverton, Oregon-based company to report quarterly earnings at 83 cents per share. That’s up from 66 cents per share in the year-ago period.
Nike will post revenue of $12.85 billion for the quarter, compared to $12.82 billion a year earlier, according to data from Benzinga Pro.
On June 21, Oppenheimer analyst Brian Nagel upgraded Nike from Perform to Outperform and raised the price target from $110 to $120.
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With the recent buzz around Nike, some investors may be eyeing potential gains from the company’s dividends, too. Nike currently offers an annual dividend yield of 1.57%. That’s a quarterly dividend amount of 37 cents per share ($1.48 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 $381,319 or around 4,054 shares. For a more modest $100 per month or $1,200 per year, you would need $76,283 or around 811 shares.
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To Calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.48 in this case). So, $6,000 / $1.48 = 4,054 ($500 per month), and $1,200 / $1.48 = 811 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How That Works: We compute the dividend yield by dividing the annual dividend payment by the stock’s current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
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Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
NKE Price Action: Shares of Nike fell 0.7% to close at $94.06 on Wednesday.
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