Eli Lilly Stock: How To Earn $500 A Month Ahead Of Q2 Earnings - Eli Lilly (NYSE:LLY)

Eli Lilly and Company (NYSE:LLY) will release its second-quarter earnings report before the opening bell on Wednesday, Aug. 5.

Analysts expect the company to report quarterly earnings of $6.58 per share, up from $6.31 per share in the year-ago period. The consensus estimate for Eli Lilly’s quarterly revenue is $20.69 billion. It reported $15.56 billion last year, according to Benzinga Pro.

With the recent buzz around Eli Lilly, some investors may be eyeing potential gains from the company’s dividends too. As of now, Eli Lilly has an annual dividend yield of 0.62%, which is a quarterly dividend amount of $1.73 per share ($6.92 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 $972,219 or around 867 shares. For a more modest $100 per month or $1,200 per year, you would need $193,995 or around 173 shares.