How To Earn $500 A Month From La-Z-Boy Stock Ahead Of Q2 Earnings

Core Insights - La-Z-Boy Incorporated is set to release its second-quarter earnings results on November 18, with analysts predicting earnings of 54 cents per share, a decrease from 71 cents per share in the same quarter last year [1] - The expected quarterly revenue for La-Z-Boy is $517.61 million, slightly down from $521.03 million a year earlier [1] Financial Performance - In the first quarter, La-Z-Boy reported disappointing financial results and provided second-quarter sales guidance that fell below market expectations [2] - The company currently offers an annual dividend yield of 3.00%, translating to a quarterly dividend of 22 cents per share, or 88 cents annually [2] Investment Considerations - To generate a monthly income of $500 from dividends, an investment of approximately $200,040 or around 6,818 shares is required, while a more modest goal of $100 per month would need about $40,020 or 1,364 shares [2] - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price, which can fluctuate based on changes in the stock price and dividend payments [3][4] Stock Performance - La-Z-Boy's shares experienced a decline of 3.4%, closing at $29.34 on the previous Monday [4]