General Dynamics Corporation (NYSE:GD) will release its second-quarter earnings report before the opening bell on Wednesday, July 29.
Some of the company’s investors may be eyeing potential gains from its dividends. Currently, General Dynamics has an annual dividend yield of 1.63% — a quarterly dividend amount of $1.59 per share ($6.36 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 $366,959 or around 943 shares. For a more modest $100 per month or $1,200 per year, you would need $73,547 or around 189 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($6.36 in this case). So, $6,000 / $6.36 = 943 ($500 per month), and $1,200 / $6.36 = 189 shares ($100 per month).
