Lennar Corporation (NYSE:LEN) will release earnings for its second quarter after the closing bell on Thursday, June 11.
Analysts expect the home construction company to report quarterly earnings of $1.24 per share. That’s down from $1.90 per share in the year-ago period. The consensus estimate for Lennar's quarterly revenue is $8.07 billion. It reported $8.38 billion last year, according to Benzinga Pro.
With the recent buzz around Lennar, some investors may be eyeing potential gains from the company's dividends too. As of now, Lennar has an annual dividend yield of 2.16%. Its quarterly dividend amount is 50 cents per share ($2.00 a year). So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $277,680 or around 3,000 shares. For a more modest $100 per month or $1,200 per year, you would need $55,536 or around 600 shares.
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