How To Earn $500 A Month From Hormel Foods Stock Ahead Of Q3 Earnings Report EPS, Dpr, IPOs, Webp, Auto, Click, Image, Width, Medium, Height, Bottom, Options, Earnings, Box-Size, Dividends, Long Ideas, Actual EPS, Actual Rev, Object Fit, Market Data ... by https://www.benzinga.com/
AI Insights:
Simple Explanation:
Hormel Foods is a company that makes food. They give money to people who own their stock, and this money is called a "dividend." Some people want to earn $500 every month from the dividends. To do this, they need to own a lot of Hormel Foods stock, which is worth $172,841. If they own less stock, they will earn less money every month. The company will soon tell us how much money they made during the last few months. People are interested in this information because it can help them decide if they should own Hormel Foods stock or not. Read from source...
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Sentiment Analysis:
bullish
The article discusses how investors can earn $500 per month from dividends of Hormel Foods Corporation (HRL). To achieve this, an investor needs approximately $172,841 worth of HRL stock or around 5,310 shares. For a more modest goal of $100 per month, an investor would need $34,568 or around 1,062 shares. Hormel Foods Corporation is set to release earnings results for its third quarter after the closing bell on Wednesday, Sept. 4. The company offers an annual dividend yield of 3.47%, providing investors with potential gains from the company's dividends.
Investment Analysis:
We are not financial advisors. It's always essential for you to consult with a financial advisor and do your research before making any decisions about investments.
To earn $500 a month from dividends alone, you would need an investment of approximately $172,841 or around 5,310 shares of Hormel Foods Corporation (HRL). The company offers an annual dividend yield of 3.47%, a quarterly dividend amount of 28.25 cents per share ($1.13 a year). For a more modest $100 per month or $1,200 per year, you would need $34,568 or around 1,062 shares. Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time. Analysts expect Hormel Foods to report quarterly earnings at 36 cents per share, down from 40 cents per share in the year-ago period. Hormel Foods projects to report quarterly revenue of $2.95 billion for the quarter, according to data from Benzinga Pro.