How To Earn $500 A Month From Synovus Financial Stock Ahead Of Q4 Earnings

Financial Performance - Synovus Financial Corp. is set to release its fourth-quarter financial results on January 15, 2025, with expected earnings of $1.22 per share, an increase from 84 cents per share in the same period last year [1] - The company projects quarterly revenue of $19.43 billion, up from $17.44 billion a year earlier [1] Stock Upgrade and Price Target - Barclays upgraded Synovus Financial's stock from Equal-Weight to Overweight and raised its price target from $70 to $95 [2] Dividend Information - Synovus Financial currently offers an annual dividend yield of 2.90%, translating to a quarterly dividend of 38 cents per share, or $1.52 annually [2] - To earn $500 monthly from dividends, an investment of approximately $207,020 or around 3,947 shares is required, while a more modest $100 monthly would need about $41,383 or 789 shares [2] Dividend Yield Calculation - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price, which can fluctuate based on changes in stock price and dividend payments [3][4] - For example, if a stock pays an annual dividend of $2 and is priced at $50, the yield is 4%, but if the price rises to $60, the yield drops to 3.33% [3] Recent Stock Performance - Shares of Synovus Financial gained 0.1% to close at $52.45 on Wednesday [4]