How To Earn $500 A Month From Broadcom Stock Ahead Of Q4 Earnings

Earnings Report - Broadcom Inc. is set to release its fourth-quarter earnings results on December 11, with analysts expecting earnings of $1.86 per share, an increase from $1.42 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $17.49 billion, up from $14.05 billion in the previous year [1] - The company has consistently beaten analyst revenue estimates, achieving this in three consecutive quarters and eight out of the last ten quarters [1] Dividend Information - Broadcom currently offers an annual dividend yield of 0.57%, translating to a quarterly dividend of 59 cents per share, or $2.36 annually [2] - To generate $500 monthly or $6,000 annually from dividends, an investment of approximately $1,049,770 or around 2,542 shares is required [2] - For a more modest income of $100 per month or $1,200 annually, an investment of $209,789 or around 508 shares is necessary [2] Dividend Yield Mechanics - The dividend yield is calculated by dividing the annual dividend payment by the stock's current price [3] - Changes in stock price affect the dividend yield; for instance, if the stock price increases, the yield decreases, and vice versa [3] - An increase in the dividend payment will raise the yield if the stock price remains constant [4] Stock Performance - Broadcom's shares rose by 1.6%, closing at $412.97 on Wednesday [4]