Oracle Corporation (NYSE:ORCL) will release its first earnings report after the closing bell on Thursday, Sept. 10. The database software provider has beaten analyst revenue estimates in two straight quarters and in four of the last 10 quarters overall.
Analysts expect quarterly earnings of $1.74 per share. That’s up from $1.47 per share in the year-ago period. The consensus estimate for ORCL’s quarterly revenue is $19.14 billion. It reported $14.93 billion last year, according to Benzinga Pro.
With the recent buzz around Oracle, some investors may be eyeing potential gains from the company’s dividends. Currently, Oracle has an annual dividend yield of 1.24% — a quarterly dividend amount of 50 cents per share ($2.00 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To generate $500 per month, or $6,000 annually, investors would need 3,000 Oracle shares based on the company’s current $2 annual dividend. At Oracle’s recent share price of about $161.63, those shares would cost roughly $484,890.
