How To Earn $500 A Month From Micron Stock Ahead Of Q1 Earnings - Micron Technology (NASDAQ:MU)

Core Viewpoint - Micron Technology is expected to report strong earnings and revenue growth in its upcoming quarterly results, with significant increases compared to the previous year [1][2]. Financial Performance - Analysts predict Micron will report earnings of $3.93 per share for the first quarter, a substantial increase from $1.79 per share in the same period last year [1]. - The consensus estimate for quarterly revenue is $12.81 billion, up from $8.71 billion a year earlier, marking a new record for the company [1][2]. - This estimated revenue would surpass the previous record of $11.31 billion reported in the fourth quarter, indicating a trend of breaking quarterly records for three consecutive quarters [2]. Dividend Information - Micron currently offers an annual dividend yield of 0.20%, translating to a quarterly dividend of 11.5 cents per share, or 46 cents annually [2]. - To achieve a monthly income of $500 from dividends, an investment of approximately $3,032,628 or around 13,043 shares would be required, while a more modest goal of $100 per month would necessitate an investment of $606,619 or about 2,609 shares [3]. - 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 [4][5]. Stock Performance - Shares of Micron fell by 2.1% to close at $232.51 on Tuesday, indicating some volatility in the stock price ahead of the earnings report [5].