How To Earn $500 A Month From Kroger After Upbeat Earnings, Opioid Settlement Agreement
Portfolio Pulse from Priya Nigam
Kroger Co. (NYSE:KR) reported better-than-expected quarterly earnings and settled an opioid lawsuit, agreeing to pay up to $1.2 billion. The company reported a 2.3% YoY sales decline to $33.85 billion, missing the analyst consensus of $34.13 billion. Adjusted EPS of $0.96 beat the consensus estimate of $0.91. Kroger offers an annual dividend yield of 2.55%, which is a quarterly dividend amount of $0.29 a share ($1.16 a year). To earn $500 per month from dividends alone, an investment of approximately $242,773 or around 5,172 shares is needed.
September 11, 2023 | 12:39 pm
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Kroger's better-than-expected earnings and settlement of the opioid lawsuit could boost investor confidence. However, the sales decline might be a concern. The company's dividend yield could attract income-focused investors.
Kroger's better-than-expected earnings and the settlement of the opioid lawsuit could be seen as positive news by investors, potentially leading to an increase in the stock price. However, the sales decline could offset some of this positivity. The company's dividend yield could make it attractive to income-focused investors, potentially leading to increased demand for the stock.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100