Kroger Company (NYSE: KR) reported better-than-expected earnings for its third quarter on Thursday, Nov. 30, 2023.
The company posted a third-quarter FY23 sales decline of 0.7% year-on-year to $33.96 billion, marginally beating the analyst consensus estimate of $33.92 billion. Adjusted EPS of 95 cents beat the consensus estimate of 91 cents.
With the recent buzz around Kroger, some investors may be eyeing potential gains from the company’s dividends. As of now, Kroger offers an annual dividend yield of 2.60%, which is a quarterly dividend amount of 29 cents per share ($1.16 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, ...