Oracle Corporation (NYSE:ORCL) will release earnings for its fourth quarter after the closing bell on Wednesday, June 10.
Analysts expect the company to report quarterly earnings of $1.96 per share, up from $1.70 per share in the year-ago period. The consensus estimate for Oracle's quarterly revenue is $19.09 billion (it reported $15.9 billion last year), according to Benzinga Pro.
Ahead of quarterly earnings, TD Cowen analyst Derrick Wood maintained Oracle at Buy and raised the price target from $250 to $300, while Oppenheimer analyst Brian Schwartz raised the price target from $235 to $275. Evercore ISI Group analyst Kirk Materne maintained Oracle with an Outperform rating and raised the price target from $220 to $245.
With the recent buzz around Oracle, some investors may be eyeing potential gains from the company's dividends too. As of now, Oracle has an annual dividend yield of 0.94%, which is a quarterly dividend amount of 50 cents per share ($2.00 a year).
So, how can investors use its dividend yield to pocket a regular $500 per month?
