How To Earn $500 A Month From Nike Stock Ahead Of Q1 Earnings

Core Insights - Nike, Inc. is expected to report earnings of 27 cents per share for the first quarter, a decrease from 70 cents per share in the same period last year [1] - The company is projected to report quarterly revenue of $11.00 billion, down from $11.59 billion a year earlier [1] - Nike has exceeded analyst revenue estimates in three consecutive quarters and six out of the last ten quarters [2] Dividend Information - Nike currently offers an annual dividend yield of 2.31%, translating to a quarterly dividend of 40 cents per share, or $1.60 annually [2] - To achieve a monthly income of $500 from dividends, an investor would need to own approximately 3,750 shares, equating to a total investment of about $260,813 [4] - For a more conservative monthly income goal of $100, an investor would need 750 shares, requiring an investment of around $52,163 [4] Dividend Yield Dynamics - The dividend yield is calculated by dividing the annual dividend payment by the current stock price, which can fluctuate [5] - Changes in stock price directly affect the dividend yield; for instance, if the stock price rises, the yield decreases, and vice versa [5] - The dividend payment itself can also change, impacting the yield; an increase in dividend payment raises the yield if the stock price remains constant [6] Stock Performance - Nike's shares increased by 0.4%, closing at $69.55 on the previous Monday [6]