FDX - How To Earn $500 A Month From FedEx After Q1 Results | Benzinga
FedEx Corp (NYSE: FDX) reported better-than-expected earnings for its first quarter, while sales missed estimates. The company lowered its full-year revenue guidance, but raised its earnings outlook.
FedEx reported first-quarter revenue of $21.7 billion, which missed the consensus estimate of $21.81 billion. The company reported quarterly earnings of $4.55 per share, which beat analyst estimates of $3.74 per share.
With the buzz around FedEx following quarterly results, some investors may be eyeing potential gains from the company’s dividends. As of now, FedEx offers an annual dividend yield of 1.92%, which is a quarterly dividend amount of $1.26 a share ($5.04 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 $311,601 or around 1190 ...