Earnings Results - AZZ Inc. is set to release its second-quarter earnings results on October 8, with analysts expecting earnings of $1.57 per share, an increase from $1.37 per share in the same period last year [1] - The projected quarterly revenue for AZZ is $426.55 million, compared to $409.01 million a year earlier [1] Dividend Information - AZZ currently offers an annual dividend yield of 0.66%, translating to a semi-annual dividend of $0.20 per share, or $0.71 annually [2] - To generate $500 monthly or $6,000 annually from dividends, an investment of approximately $915,835 or around 8,451 shares is required [2] - For a more modest income of $100 monthly or $1,200 annually, an investment of $183,145 or around 1,690 shares is necessary [2] Dividend Yield Dynamics - The dividend yield can fluctuate based on changes in the stock price and dividend payments [3] - An example illustrates that if a stock with a $2 annual dividend priced at $50 sees its price rise to $60, the yield drops to 3.33% [4] - Conversely, if the stock price falls to $40, the yield increases to 5% [4] Price Action - AZZ shares experienced a decline of 0.7%, closing at $108.37 [5] - Analyst Lucas Pipes from B. Riley Securities maintained a Buy rating on AZZ and raised the price target from $131 to $140 [5]
AZZ: How To Earn $500 A Month Ahead Of Q2 Earnings - AZZ (NYSE:AZZ)