Philip Morris International Inc‘s (NYSE:PM) investors may be eyeing potential gains from the tobacco company’s dividends ahead of its second-quarter earnings report on Wednesday, July 22.
Analysts expect quarterly earnings of $2.05 per share, up from $1.91 per share in the year-ago period. The consensus estimate for Philip Morris’ quarterly revenue is $10.64 billion. It reported $10.14 billion last year, according to Benzinga Pro.
Currently, Philip Morris has an annual dividend yield of 3.05% — a quarterly dividend of $1.47 per share ($5.88 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $196,574 or around 1,020 shares. For a more modest $100 per month or $1,200 per year, you would need $39,315 or around 204 shares.
