How To Earn $500 A Month From Wendy's Stock Ahead Of Q3 Earnings

Core Insights - Wendy's Company (NASDAQ:WEN) is set to release its third-quarter earnings results on November 7, with analysts predicting earnings of 20 cents per share, a decrease from 25 cents per share in the same period last year [1] - The consensus estimate for Wendy's quarterly revenue is $534.51 million, while last year's revenue around this time was reported at $566.74 million [1] Dividend Information - Wendy's currently offers an annual dividend yield of 6.17%, translating to a quarterly dividend of 14 cents per share, or 56 cents annually [2] - To achieve a monthly income of $500 from dividends, an investor would need to own approximately 10,714 shares, equating to a total investment of about $97,283 [3] - For a more conservative monthly income goal of $100, an investor would need 2,143 shares, requiring an investment of around $19,458 [3] Dividend Yield Dynamics - The dividend yield is calculated by dividing the annual dividend payment by the current stock price, which means it fluctuates with changes in stock price [4] - For instance, if a stock pays an annual dividend of $2 and its price rises from $50 to $60, the yield decreases from 4% to 3.33% [4] - Conversely, if the stock price drops to $40, the yield increases to 5% [4] Stock Performance and Analyst Ratings - Wendy's shares increased by 2.1%, closing at $9.08 on Wednesday [5] - Analyst Chris O'Cull from Stifel maintained a Hold rating on Wendy's and reduced the price target from $12 to $11 [5]