How To Earn $500 A Month From Casey's Stock Ahead Of Q4 Earnings

Core Viewpoint - Casey's General Stores, Inc. is expected to report a decline in quarterly earnings while projecting an increase in revenue for the fourth quarter [1] Financial Performance - Analysts anticipate quarterly earnings of $1.95 per share, down from $2.34 per share in the same period last year [1] - The company projects quarterly revenue of $3.95 billion, compared to $3.6 billion a year earlier [1] Analyst Coverage - Keybanc analyst Bradley Thomas initiated coverage of Casey's with an Overweight rating and set a price target of $500 [2] Dividend Information - Casey's offers an annual dividend yield of 0.45%, translating to a quarterly dividend of $0.50 per share, or $2.00 annually [2] - To achieve a monthly dividend income of $500, an investor would need to own approximately 3,000 shares, equating to a total investment of about $1,337,070 [4] - For a more conservative monthly income goal of $100, an investor would need 600 shares, requiring an investment of approximately $267,414 [4] Dividend Yield Dynamics - The dividend yield is calculated by dividing the annual dividend payment by the current stock price, which can fluctuate based on stock price changes [5] - An increase in stock price results in a lower dividend yield, while a decrease leads to a higher yield [5] - Changes in the dividend payment itself can also impact the dividend yield, with increases leading to higher yields and decreases resulting in lower yields [6] Stock Performance - Shares of Casey's fell by 0.6% to close at $445.69 on Thursday [6]