How To Earn $500 A Month From American Eagle Stock After Better-Than-Expected Earnings
Portfolio Pulse from Lisa Levin
American Eagle Outfitters, Inc. (NYSE:AEO) reported better-than-expected earnings for its second quarter and raised its FY2024 operating income guidance. The company posted quarterly earnings of 25 cents per share, beating market estimates of 16 cents per share. The company’s quarterly sales came in at $1.20 billion. American Eagle offers an annual dividend yield of 2.30%, which is a quarterly dividend amount of $0.10 a share ($0.40 a year). To earn $500 per month or $6,000 annually from dividends alone, an investment of approximately $258,000 or around 15,000 shares would be needed.
September 07, 2023 | 1:13 pm
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American Eagle Outfitters reported better-than-expected Q2 earnings and raised its FY2024 guidance. The company offers a 2.30% annual dividend yield. To earn $500 per month from dividends, an investment of approximately $258,000 or around 15,000 shares would be needed.
American Eagle Outfitters reported better-than-expected earnings for its second quarter and raised its FY2024 operating income guidance. This positive financial performance could lead to an increase in the company's stock price in the short term. Additionally, the company's attractive dividend yield could attract income-focused investors, further supporting the stock price.
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