Alcoa Corporation (NYSE:AA) will release its second-quarter earnings report after the closing bell on Thursday, July 16.
Analysts expect the company to report quarterly earnings of $2.19 per share, up from 39 cents per share in the year-ago period. The consensus estimate for Alcoa’s quarterly revenue is $4.16 billion. It reported $3.02 billion last year, according to Benzinga Pro.
Ahead of quarterly earnings, Morgan Stanley analyst Carlos De Alba downgraded Alcoa from Overweight to Equal-Weight on July 8 and lowered the price target from $79 to $53.
With the recent buzz around Alcoa, some investors may be eyeing potential gains from the company’s dividends too. As of now, Alcoa has an annual dividend yield of 0.82%, which is a quarterly dividend amount of 10 cents per share (40 cents a year).
So, how can investors use its dividend yield to pocket a regular $500 per month?
