Investors in The Kroger Co.
(NYSE:KR) may be eyeing potential gains from the company's dividends ahead of its first quarter earnings report on Thursday, June 18.
Currently, the supermarket company has an annual dividend yield of 2.18%, with a quarterly dividend amount of 35 cents per share ($1.40 a year).
To figure out how to earn $500 monthly from Kroger, we start with the yearly target of $6,000 ($500 x 12 months).
Next, divide this amount by Kroger's $1.40 dividend: $6,000 / $1.40 = 4,286 shares.
