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

Earnings Report - Intuit Inc. is set to release its fourth-quarter earnings results on August 21, with analysts expecting earnings of $2.66 per share, an increase from $1.99 per share in the same period last year [1] - The projected quarterly revenue for Intuit is $3.75 billion, compared to $3.18 billion a year earlier [1] Dividend Information - Intuit currently offers an annual dividend yield of 0.60%, translating to a quarterly dividend of $1.04 per share, or $4.16 annually [2] - To generate $500 monthly or $6,000 annually from dividends, an investment of approximately $1,008,174 or around 1,442 shares is required, while a more modest $100 monthly or $1,200 annually would need $201,355 or around 288 shares [2] Dividend Yield Calculation - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price, with examples illustrating how changes in stock price affect the yield [3] - If a stock's price increases while the dividend remains the same, the yield decreases, and vice versa [3] Market Performance - Intuit's shares fell by 0.3% to close at $699.15 on Wednesday [4] - Citigroup analyst Steven Enders maintained a Buy rating on Intuit and raised the price target from $789 to $815 [4]