Meta Platforms Co., Ltd. (NASDAQ:META) is expected to release its first quarter results after the earnings release. Wednesday’s closing bell.
Analysts expect the Menlo Park, California-based company to report quarterly earnings of $4.32 per share, up from $2.20 per share in the year-ago period. Meta Inc. is expected to have quarterly sales of $36.16 billion, up from $28.64 billion in the year-ago period, according to data from . Benzinga Pro. Meta has exceeded analyst revenue estimates for six consecutive quarters.
On April 22, Keybanc analyst Justin Patterson maintained his rating on Meta Platforms at “overweight” and lowered his price target from $575 to $555, while JMP Securities analyst Andrew Boone reiterated his rating for the stock as market outperform and kept his price target unchanged at $550.
Given the recent buzz surrounding Metaplatform, some investors may be eyeing the company’s dividend potential. Currently, Meta Platforms has a dividend yield of 0.40%, with a quarterly dividend of 50 cents per share ($2.00 per year).
To understand how to make $500 per month from Meta Platform, start with an annual goal of $6,000 ($500 x 12 months).
Then divide this amount by Meta’s $2.00 dividend: $6,000 / $2.00 = 3,000 shares
Therefore, for an investor to earn $500 in monthly dividend income, they would need to own approximately $1,488,300 worth of Meta Platform, or 3,000 shares.
Do the same calculations assuming a more modest goal of $100 per month ($1,200 per year). $1,200 / $2.00 = 600 shares, or $297,660, giving you $100 in monthly dividend income.
Also read: Investor sentiment further improves, Dow rises more than 250 points
Keep in mind that dividend yields can change periodically, as dividends and stock prices fluctuate over time.
Dividend yield is calculated by dividing the annual dividend by the current stock price. As the stock price fluctuates, the dividend yield will also fluctuate.
For example, if a stock pays an annual dividend of $2 and the current price is $50, the dividend yield is 4%. However, if the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60).
Conversely, if the stock price falls to $40, the dividend yield increases to 5% ($2/$40).
Furthermore, the dividend itself can change over time, which can also affect the dividend yield. If a company increases its dividend, the dividend yield will increase even if the stock price remains the same. Similarly, when a company reduces its dividend payments, its dividend yield also falls.
Meta price action: Meta Platforms stock rose 3% on Tuesday to close at $496.10.
read more: Tesla, Boeing, 3 stocks to watch heading into Wednesday
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This article How to make $500 a month from Metaplatform stocks ahead of Q1 earnings originally appeared Benzinga.com
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