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Greenbrier Companies, Inc. (NYSE:GBX) is scheduled to release earnings results for its second quarter, before the opening bell on April 5, 2024.
Analysts expect the Lake Oswego, Oregon-based company to report quarterly earnings at 86 cents per share, down from 99 cents per share in the year-ago period. Greenbrier is projected to post revenue of $843.28 million for the quarter, according to data from Benzinga Pro.
On Jan. 5, Greenbrier posted better-than-expected earnings for its first quarter.
With the recent buzz around Greenbrier, some investors may be eyeing potential gains from the company’s dividends. As of now, Greenbrier has a dividend yield of 2.20%, which is a quarterly dividend amount of 30 cents a share ($1.20 a year).
To figure out how to earn $500 monthly from Greenbrier, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Greenbrier’s $1.20 dividend: $6,000 / $1.20 = 5,000 shares
So, an investor would need to own approximately $272,400 worth of Greenbrier, or 5,000 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $1.20 = 1,000 shares, or $54,480 to generate a monthly dividend income of $100.
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Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.
For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
GBX Price Action: Shares of Greenbrier gained 6% to close at $54.48 on Wednesday.
Image: MacroEcon/Shutterstock.com
Posted In: GBX
