Ross Stores: How Many Shares You Need For $500 A Month In Dividends - Ross Stores (NASDAQ:ROST)

Ross Stores, Inc. (NASDAQ:ROST) will release its second-quarter earnings report after the closing bell on Thursday, Aug. 20.

Analysts expect the company to report quarterly earnings of $1.94 per share, up from $1.56 per share in the year-ago period. The consensus estimate for ROST’s quarterly revenue is $6.15 billion. It reported $5.53 billion last year, according to Benzinga Pro.

Ahead of quarterly earnings, Evercore ISI Group analyst Michael Binetti maintained an Outperform rating on Ross Stores on Aug. 17 and raised the price target from $265 to $276.

With the recent buzz around Ross Stores, some investors may be eyeing potential gains from the company’s dividends too. As of now, Ross Stores has an annual dividend yield of 0.76%, with a quarterly dividend of 44.5 cents per share ($1.78 per year).

So, how can investors use its dividend yield to pocket a regular $500 per month?