ConAgra Brands Inc (NYSE: CAG) reported better-than-expected third-quarter financial results on Thursday.
On the heels of that news, some investors may be eyeing potential gains from the company’s dividends.
Currently, ConAgra Brands — owner of brands like Reddi-wip, Healthy Choice and Marie Callender's — offers an annual dividend yield of 4.57%. That's a quarterly dividend amount of 35 cents per share ($1.40 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 $131,323 or around 4,286 shares. For a more modest $100 per month or $1,200 per year, you would need $26,258 or around 857 shares.
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