Boost Your Income with Coca-Cola Stock: Earn $500 Monthly Before Q3 Earnings

Basio badr

ago 6 hours

Boost Your Income with Coca-Cola Stock: Earn $500 Monthly Before Q3 Earnings

The Coca-Cola Company (NYSE:KO) is set to announce its third-quarter earnings on Tuesday, October 21. Analysts anticipate a quarterly earnings report of 78 cents per share, a slight increase from 77 cents per share during the same quarter last year. Furthermore, revenue projections for Coca-Cola are estimated at $12.41 billion, which represents a rise from $11.95 billion a year ago, according to data from Benzinga Pro.

Coca-Cola’s Leadership Update

On October 16, Coca-Cola appointed Max Levchin, co-founder of PayPal, to its board of directors. This move comes amid growing investor interest in the company’s dividends and overall financial performance.

Boost Your Income with Coca-Cola Stock

Coca-Cola currently offers an annual dividend yield of 2.98%, equating to a quarterly dividend of 51 cents per share, or $2.04 annually. Investors looking to enhance their income through these dividends should consider the following calculations:

Investment for Desired Monthly Income

To earn $500 monthly ($6,000 annually), an investment of approximately $201,282 is required, translating to about 2,941 shares.
For a more modest goal of $100 monthly ($1,200 annually), an investment of $40,243, or around 588 shares, is needed.

The calculations are straightforward. Divide the desired annual income by the annual dividend per share. For example:

$6,000 / $2.04 = 2,941 shares for $500 per month.
$1,200 / $2.04 = 588 shares for $100 per month.

Understanding Dividend Yield

It’s important to note that the dividend yield fluctuates based on both stock price and dividend payments. The yield is calculated by dividing the annual dividend payment by the stock’s current price. For instance:

With a $2 annual dividend and a $50 stock price, the yield is 4% ($2/$50).
If the stock price rises to $60, the yield drops to 3.33% ($2/$60).
Conversely, should the price fall to $40, the yield increases to 5% ($2/$40).

Changes in the dividend payment also affect yield. An increase in dividends typically raises the yield, assuming a stable stock price, while a decrease has the opposite effect.

Coca-Cola Stock Performance

As of the last market close, Coca-Cola shares rose by 1.3%, ending at $68.44. This positive price action may further entice investors to secure regular income through the company’s dividends before the upcoming earnings report.