AZZ Inc. (NYSE:AZZ) investors may be eyeing potential gains from company dividends ahead of its first-quarter earnings report on Wednesday, July 8.
After the company reported better-than-expected fourth-quarter results, analysts expect quarterly earnings of $1.69 per share. That’s down from $1.78 per share in the year-ago period. The consensus estimate for AZZ’s quarterly revenue is $434.52 million. It reported $421.96 million last year, according to Benzinga Pro.
Currently, AZZ has an annual dividend yield of 0.64%. That’s a quarterly dividend amount of 24 cents per share (96 cents a year).
To figure out how to earn $500 monthly from AZZ, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by AZZ’s 96-cent dividend: $6,000 / $0.96 = 6,250 shares.
