AYI - How To Earn $500 A Month From Acuity Brands Stock Following Upbeat Earnings | Benzinga
Acuity Brands, Inc. (NYSE: AYI) reported better-than-expected quarterly earnings on Wednesday.
Acuity Brands reported a fourth-quarter FY23 net sales decline of 9% year-over-year to $1.01 billion, marginally missing the consensus of $1.02 billion. Adjusted EPS of $3.97 beat the consensus of $3.72.
With Acuity Brands reporting upbeat quarterly earnings, some investors may be eyeing potential gains from the company’s dividends. As of now, Acuity Brands has a dividend yield of 0.29%, which is a quarterly dividend amount of 13 cents a share (52 cents a year).
To figure out how to earn $500 monthly from Acuity Brands dividends, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and ...