How To Earn $500 A Month From Pfizer Stock Ahead Of Q3 Earnings

Core Viewpoint - Pfizer Inc. is expected to report a decline in earnings and revenue for the third quarter, with analysts projecting earnings of 64 cents per share and revenue of $16.52 billion, down from $1.06 per share and $17.7 billion respectively in the previous year [1] Earnings Expectations - Pfizer is set to release its third-quarter earnings results on November 4, with anticipated earnings of 64 cents per share, a decrease from $1.06 per share in the same quarter last year [1] - The consensus estimate for Pfizer's quarterly revenue is $16.52 billion, down from $17.7 billion a year earlier [1] Analyst Ratings and Price Target - Morgan Stanley analyst Terence Flynn has maintained an Equal-Weight rating on Pfizer and reduced the price target from $33 to $32 [2] Dividend Information - Pfizer currently offers an annual dividend yield of 6.98%, with a quarterly dividend of 43 cents per share, totaling $1.72 annually [2] - To generate $500 monthly or $6,000 annually from dividends, an investment of approximately $85,979 or around 3,488 shares is required [2] - For a more modest income of $100 per month or $1,200 annually, an investment of $17,206 or around 698 shares is needed [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 stock price and dividend payments [3][4] - For example, 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] Stock Performance - Pfizer's shares rose by 1.5% to close at $24.65 on the previous Friday [4]