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Spectrum Manufacturers Holdings, Inc. (NYSE:SPB) will launch earnings outcomes for the fiscal fourth quarter, earlier than the opening bell, on Friday, Nov. 15.
The Middleton, Wisconsin-based firm initiatives to report quarterly income of $747.51 million, in comparison with $740.7 million a yr earlier, based on information from Benzinga Pro.
On Aug. 8, Spectrum Manufacturers reported better-than-expected third-quarter income outcomes. Moreover, the corporate accepted a $500 million share repurchase program.
With the current buzz round Spectrum Manufacturers forward of quarterly earnings, some buyers could also be eyeing potential good points from the corporate’s dividends, too. Spectrum Manufacturers at the moment presents an annual dividend yield of 1.79%. That’s a quarterly dividend quantity of 42 cents per share ($1.68 a yr).
To determine learn how to earn $500 month-to-month from Spectrum Manufacturers, we begin with the yearly goal of $6,000 ($500 x 12 months).
Subsequent, we take this quantity and divide it by Spectrum Manufacturers’ $1.68 dividend: $6,000 / $1.68 = 3,571 shares.
So, an investor would wish to personal roughly $334,603 price of Spectrum Manufacturers, or 3,571 shares to generate a month-to-month dividend revenue of $500.
Assuming a extra conservative objective of $100 month-to-month ($1,200 yearly), we do the identical calculation: $1,200 / $1.68 = 714 shares, or $66,902 to generate a month-to-month dividend revenue of $100.
Notice that dividend yield can change on a rolling foundation, because the dividend fee and the inventory worth each fluctuate over time.
The dividend yield is calculated by dividing the annual dividend fee by the present inventory worth. Because the inventory worth adjustments, the dividend yield will even change.
For instance, if a inventory pays an annual dividend of $2 and its present worth is $50, its dividend yield could be 4%. Nonetheless, if the inventory worth will increase to $60, the dividend yield would lower to three.33% ($2/$60).
Conversely, if the inventory worth decreases to $40, the dividend yield would improve to five% ($2/$40).
Additional, the dividend fee itself may also change over time, which might additionally impression the dividend yield. If an organization will increase its dividend fee, the dividend yield will improve even when the inventory worth stays the identical. Equally, if an organization decreases its dividend fee, the dividend yield will lower.
Worth Motion: Shares of Spectrum Manufacturers fell by 1.1% to shut at $93.70 on Wednesday.
The corporate expects to report quarterly earnings at $1.07 per share. That’s down from $1.36 per share within the year-ago interval.
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