As fashion company Tapestry, Inc.
(NYSE:TPR) prepares to release fourth-quarter earnings before the opening bell on Thursday, Aug. 13, investors may be eyeing potential gains from the company’s dividends.
Currently, Tapestry has an annual dividend yield of 0.97%, which is a quarterly dividend amount of 40 cents per share ($1.60 a year).
To figure out how to earn $500 monthly from Tapestry, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by TPR’s $1.60 dividend: $6,000 / $1.60 = 3,750 shares.
