RL - How To Earn $500 A Month From Ralph Lauren Stock Following Upbeat Earnings | Benzinga
Ralph Lauren Corporation (NYSE: RL) posted upbeat earnings for its second quarter on Wednesday.
Ralph Lauren reported second-quarter FY24 sales growth of 3% year-on-year to $1.63 billion, beating the analyst consensus estimate of $1.61 billion. Adjusted EPS of $2.10 beat the consensus estimate of $1.93.
With Ralph Lauren reporting upbeat quarterly earnings, some investors may be eyeing potential gains from the company’s dividends. As of now, Ralph Lauren has a dividend yield of 2.58%, which is a quarterly dividend amount of 75 cents a share ($3.00 a year).
To figure out how to earn $500 monthly from Ralph Lauren dividends, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it ...