How To Earn $500 A Month From MSC Industrial Direct Stock Ahead Of Q3 Earnings

Company Overview - MSC Industrial Direct Co., Inc. is set to release its third-quarter earnings results on July 1, with analysts expecting earnings of $1.03 per share, a decrease from $1.33 per share in the same period last year [1] - The company is projected to report quarterly revenue of $969.19 million, down from $979.35 million a year earlier [1] Financial Performance - In the second quarter, MSC Industrial reported a net sales decline of 4.7% year-over-year, totaling $891.7 million, which was below the consensus estimate of $899.54 million [2] - The company offers an annual dividend yield of 3.98%, translating to a quarterly dividend of $3.40 per share [2] Investment Insights - To achieve a monthly income of $500 from dividends, an investment of approximately $150,872 or around 1,765 shares is required, while a more modest goal of $100 per month would need an investment of $30,174 or about 353 shares [3] - 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 [4][5] Stock Performance - Shares of MSC Industrial Direct increased by 0.8%, closing at $85.48 on the last trading day [5]