FedEx Corporation (NYSE:FDX) will release earnings for its fourth quarter after the closing bell on Tuesday, June 23.
Analysts expect the company to report quarterly earnings of $5.92 per share, down from $6.07 per share in the year-ago period. The consensus estimate for FedEx's quarterly revenue is $24 billion (it reported $22.22 billion last year), according to Benzinga Pro.
Ahead of quarterly earnings, Barclays analyst Brandon Oglenski maintained FedEx with an Overweight rating on June 12 and lowered the price target from $450 to $425.
With the recent buzz around FedEx, some investors may be eyeing potential gains from the company's dividends too. As of now, FedEx has an annual dividend yield of 1.45%, which is a quarterly dividend amount of $1.22 per share ($4.88 a year).
So, how can investors use its dividend yield to pocket a regular $500 per month?
