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The Kraft Heinz Company (NASDAQ:KHC) is expected to release earnings results for its fourth quarter, before the opening bell on Feb. 14, 2024.
The Chicago-based food company is expected to report quarterly earnings at 77 cents per share, versus year-ago earnings of 85 cents per share, with revenue hovering at around $6.9 billion, compared to $7.38 billion in the year-earlier quarter, according to data from Benzinga Pro.
Citigroup analyst Thomas Palmer recently initiated coverage on Kraft Heinz with a Buy rating and announced a price target of $43.
In November, the Kraft Heinz board approved a repurchase program for up to $3 billion of shares through Dec. 26, 2026.
With the recent buzz around Kraft Heinz, some investors may be eyeing potential gains from the company’s dividends too. As of now, Kraft Heinz offers an annual dividend yield of 4.40%, which is a quarterly dividend amount of 40 cents per share ($1.60 a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $136,350 or around 3,750 shares. For a more modest $100 per month or $1,200 per year, you would need $27,270 or around 750 shares.
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To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.60 in this case). So, $6,000 / $1.60 = 3,750 ($500 per month), and $1,200 / $1.60 = 750 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock's current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
KHC Price Action: Shares of Kraft Heinz rose 1.1% to close at $36.36 on Monday.
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Image: Pixabay
Posted In: KHC
