How To Earn $500 A Month From Gilead Sciences Stock Ahead Of Q2 Earnings

Earnings Report - Gilead Sciences, Inc. is set to release its second-quarter earnings results on August 7, with analysts expecting earnings of $1.96 per share, a decrease from $2.01 per share in the same period last year [1] - The projected quarterly revenue is $6.96 billion, slightly up from $6.95 billion a year earlier [1] Analyst Upgrade - Needham analyst Joseph Stringer upgraded Gilead Sciences from Hold to Buy, setting a price target of $133 [2] - The company currently offers an annual dividend yield of 2.87%, translating to a quarterly dividend of 79 cents per share, or $3.16 annually [2] Dividend Strategy - To achieve a monthly income of $500 from dividends, an investment of approximately $209,422 or around 1,899 shares is required [2] - For a more modest monthly income of $100, an investment of $41,906 or around 380 shares is necessary [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 stock price changes [3] - Changes in dividend payments also affect the yield; an increase in dividends raises the yield if the stock price remains constant, while a decrease lowers it [4] Stock Performance - Gilead Sciences shares fell by 1.9%, closing at $110.28 on Wednesday [4]