CVGW - How To Earn $500 A Month From Calavo Growers Ahead Of Q1 Earnings | Benzinga
Some investors may be eyeing potential gains from Calavo Growers, Inc.'s (NASDAQ: CVGW) dividends. The Santa Paula, California-based company currently has a dividend yield of 1.37%, which is a quarterly dividend amount of 10 cents a share (40 cents a year).
To figure out how to earn $500 monthly from Calavo Growers, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Calavo Growers’ 40 cents dividend: $6,000 / $0.40 = 15,000 shares
So, an investor would need to own approximately $439,500 worth of Calavo Growers, or 15,000 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 / $0.40 ...