Some investors may be eyeing potential gains from Caleres, Inc.'s (NYSE: CAL) dividends after the company releases its fourth quarter earnings report before the opening bell on March 19, 2024.
The St. Louis, Missouri-based footwear company currently offers an annual dividend yield of 0.72%, which is a quarterly dividend amount of 7 cents per share (28 cents 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 $835,731 or around 21,429 shares. For a more modest $100 per month or $1,200 per year, you would need $167,154 ...