Home Depot Inc (NYSE: HD) reported better-than-expected third-quarter results on Tuesday.
Home Depot reported a FY23 sales decline of 3% year-on-year to $37.71 billion, beating the analyst consensus estimate of $35.66 billion. EPS of $3.81 beat the analyst consensus of $3.58, according to Benzinga Pro.
With Home Depot reporting upbeat quarterly earnings, some investors may be eyeing potential gains from the company’s dividends. As of now, Home Depot has a dividend yield of 2.75%, which is a quarterly dividend amount of $2.09 a share ($8.36 a year).
To figure out how to earn $500 monthly from Home Depot dividends, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide ...