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

Core Insights - Signet Jewelers Limited (NYSE:SIG) is set to release its third-quarter earnings results on December 2, with analysts predicting earnings of 29 cents per share, an increase from 24 cents per share in the same period last year [1] - The expected quarterly revenue for Signet is $1.37 billion, slightly up from $1.35 billion a year earlier [1] Dividend Information - Telsey Advisory Group analyst Dana Telsey has maintained a Market Perform rating on Signet with a price target of $92 [2] - Signet Jewelers currently offers an annual dividend yield of 1.24%, with a quarterly dividend of 32 cents per share, totaling $1.28 annually [2] - To generate $500 monthly or $6,000 annually from dividends, an investment of approximately $485,067 or around 4,688 shares is required, while a more modest $100 monthly or $1,200 annually would need about $97,055 or around 938 shares [2] Dividend Yield Calculation - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price [3] - For instance, 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] Impact of Dividend Changes - Changes in dividend payments can also affect the yield; an increase in dividends raises the yield if the stock price remains constant, while a decrease lowers it [4] - Signet's shares rose 3.6% to close at $103.47 on Wednesday [4]