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

Financial Performance - McCormick & Company is set to release its first-quarter financial results on March 25, with analysts expecting earnings of 64 cents per share, an increase from 63 cents per share in the same period last year [1] - The company projects quarterly revenue of $1.61 billion, slightly up from $1.6 billion a year earlier [1] Analyst Ratings - Barclays analyst Andrew Lazar has maintained an Equal-Weight rating on McCormick, lowering the price target from $85 to $82 [2] Dividend Information - McCormick currently offers an annual dividend yield of 2.25% and a quarterly dividend of 45 cents per share, totaling $1.80 annually [2] - To achieve a monthly income of $500 from dividends, an investor would need to own approximately 3,333 shares, equating to a total investment of about $267,207 [3] - For a more conservative monthly income goal of $100, an investor would need 667 shares, requiring an investment of approximately $53,473 [3] Stock Price and Dividend Yield - The dividend yield can fluctuate based on changes in the stock price and dividend payments [4] - For instance, if a stock with a $2 annual dividend rises to $60, the yield drops to 3.33%, while a decrease to $40 raises the yield to 5% [5] - McCormick's shares fell by 0.7% to close at $80.17 on the previous Friday [5]