How To Earn $500 A Month From Commercial Metals Stock Ahead Of Q1 Earnings - Commercial Metals (NYSE:CMC)

Earnings Report - Commercial Metals Company (NYSE: CMC) is set to release its earnings results for the first quarter on January 8, 2025, before the market opens [1] - Analysts project quarterly earnings of $1.54 per share, a significant increase from $0.78 per share in the same period last year [1] - The consensus estimate for quarterly revenue is $2.05 billion, up from $1.91 billion a year earlier [1] Analyst Upgrade - Jefferies analyst Christopher LeFemina upgraded Commercial Metals from Hold to Buy and raised the price target from $70 to $78 [2] - The company currently offers an annual dividend yield of 0.97%, translating to a quarterly dividend of $0.18 per share, or $0.72 annually [2] Dividend Income Calculation - To achieve a monthly income of $500 from dividends, an investor would need to own approximately 8,333 shares, equating to a total investment of about $621,725 [3] - For a more conservative monthly income goal of $100, an investor would need 1,667 shares, requiring an investment of approximately $124,375 [4] Dividend Yield Dynamics - The dividend yield can fluctuate based on changes in the stock price and dividend payments [4][5] - For instance, if a stock with a $2 annual dividend at a $50 price has a yield of 4%, an increase in price to $60 would reduce the yield to 3.33% [5] - Conversely, a decrease in stock price to $40 would increase the yield to 5% [5] Recent Stock Performance - Shares of Commercial Metals gained 2.6%, closing at $74.61 on Tuesday [6]