How To Earn $500 A Month From Analog Devices Stock Ahead Of Q3 Earnings - Analog Devices (NASDAQ:ADI)

Analog Devices, Inc. (NASDAQ:ADI) will release earnings for its third quarter before the opening bell on Wednesday, Aug. 19.

Analysts expect the company to report quarterly earnings of $3.33 per share, up from $2.05 per share in the year-ago period. The consensus estimate for Analog Devices’ quarterly revenue is $3.93 billion. It reported $2.88 billion last year, according to Benzinga Pro.

KeyBanc analyst John Vinh, on July 14, maintained Analog Devices with an Overweight rating and raised the price target from $500 to $525.

With the recent buzz around Analog Devices, some investors may also be eyeing potential gains from the company’s dividend. As of now, ADI has an annual dividend yield of 1.15%, which is a quarterly dividend amount of $1.10 per share ($4.40 a year).

To figure out how to earn $500 monthly from Analog Devices, we start with the yearly target of $6,000 ($500 x 12 months).