How To Earn $500 A Month From Flexsteel Industries Stock Ahead Of Q4 Earnings

Earnings Report - Flexsteel Industries, Inc. is set to release its fourth-quarter earnings results on August 18, with analysts expecting earnings of 84 cents per share, an increase from 75 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $111.82 million, compared to $110.82 million a year earlier [1] Dividend Information - Flexsteel Industries currently offers an annual dividend yield of 2.24%, translating to a quarterly dividend of 20 cents per share, or 80 cents annually [2] - To achieve a monthly income of $500 from dividends, an investment of approximately $268,050 or around 7,500 shares is required, while a more modest goal of $100 per month would need about $53,610 or 1,500 shares [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 changes in the stock price [3] - For instance, if a stock pays an annual dividend of $2 and is priced at $50, the yield is 4%. If the price rises to $60, the yield drops to 3.33%, and if it falls to $40, the yield increases to 5% [3] Impact of Dividend Changes - Changes in dividend payments can also affect the yield; an increase in dividends will raise the yield if the stock price remains constant, while a decrease will lower the yield [4] Stock Performance - Shares of Flexsteel Industries fell by 1.8%, closing at $35.74 on Thursday [4]