Johnson & Johnson (NYSE:JNJ) will release its second-quarter earnings report before the opening bell on Wednesday, July 15.
Analysts expect the company to report quarterly earnings of $2.85 per share, up from $2.77 per share in the year-ago period. The consensus estimate for Johnson & Johnson’s quarterly revenue is $25.06 billion. It reported $23.74 billion last year, according to Benzinga Pro.
Ahead of quarterly earnings, RBC Capital analyst Shagun Singh maintained Johnson & Johnson with an Outperform rating on Monday and raised the price target from $265 to $287, while TD Cowen analyst Michael Nedelcovych maintained the stock with a Buy and raised the price target from $250 to $300.
With the recent buzz around Johnson & Johnson, some investors may be eyeing potential gains from the company’s dividends too. As of now, Johnson & Johnson has an annual dividend yield of 2.08%, which is a quarterly dividend amount of $1.34 per share ($5.36 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
