PSMT - How To Earn $500 A Month From PriceSmart Stock Following Mixed Earnings Report | Benzinga
PriceSmart, Inc. (NASDAQ: PSMT), on Monday, reported downbeat earnings for its fiscal fourth quarter of 2023, while sales topped estimates.
PriceSmart posted adjusted earnings of 65 cents per share, missing market estimates of 85 cents per share. The company’s quarterly revenue came in at $1.118 billion, versus expectations of $1.096 billion.
With PriceSmart reporting quarterly earnings, some investors may be eyeing potential gains from the company’s dividends. As of now, PriceSmart has a dividend yield of 1.28%, or $0.92 a year.
To figure out how to earn $500 monthly from PriceSmart dividends, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by PriceSmart $0.92 ...