How To Earn $500 A Month From Micron Technology Stock Ahead Of Q3 Earnings

Earnings Report - Micron Technology is set to release its third-quarter earnings results, with analysts expecting earnings of $1.61 per share, a significant increase from $0.62 per share in the same period last year [1] - Projected quarterly revenue is anticipated to be $8.85 billion, compared to $6.81 billion a year earlier [1] Analyst Ratings - Rosenblatt analyst Kevin Cassidy has maintained a Buy rating for Micron Technology with a price target of $172 [2] - The company currently offers an annual dividend yield of 0.36%, translating to a quarterly dividend of $0.12 per share, or $0.46 annually [2] Dividend Income Calculations - To achieve a monthly income of $500 from dividends, an investor would need to own approximately 13,043 shares, equating to a total investment of about $1,668,330 [3] - For a more conservative monthly income goal of $100, an investor would need around 2,609 shares, requiring an investment of approximately $333,717 [4] Dividend Yield Dynamics - The dividend yield can fluctuate based on changes in the stock price and dividend payments, illustrating the relationship between stock price and yield [5][6] - For instance, if a stock's price increases, the dividend yield decreases, and vice versa [5] Stock Performance - Shares of Micron Technology increased by 4.8%, closing at $127.91 on Tuesday [6]