How To Earn $500 A Month From Smith & Wesson Stock After Upbeat Earnings
Portfolio Pulse from Lisa Levin
Smith & Wesson Brands, Inc (NASDAQ:SWBI) reported better-than-expected Q1 earnings of 13 cents per share, beating market estimates of 5 cents per share. The company's quarterly sales were $114.20 million, surpassing expectations of $100.93 million. The company's current dividend yield is 4.57%, which is a quarterly dividend amount of $0.12 a share ($0.48 a year). To earn $500 monthly from Smith & Wesson dividends, an investor would need to own approximately $131,375 worth of Smith & Wesson, or 12,500 shares.
September 08, 2023 | 1:05 pm
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Smith & Wesson reported better-than-expected Q1 earnings and has a strong dividend yield, which could attract investors seeking dividend income.
The better-than-expected earnings report indicates a strong financial performance by Smith & Wesson, which could boost investor confidence and potentially drive the stock price up in the short term. Additionally, the company's high dividend yield could attract investors seeking regular income, further supporting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100