How To Earn $500 A Month From KB Home Stock After Upbeat Earnings
Portfolio Pulse from Priya Nigam
KB Home (NYSE:KBH) reported better-than-expected earnings for Q3 FY23 with sales of $1.59 billion, beating the analyst consensus of $1.48 billion. EPS of $1.80 also beat the consensus of $1.43. Despite a 13.9% YoY sales decline and a 7% decrease in homes delivered, the company's upbeat earnings have investors eyeing potential gains from dividends. KB Home currently has a dividend yield of 1.73%, equating to a quarterly dividend of $0.20 per share. To earn $500 monthly from KB Home dividends, an investor would need to own approximately $346,500 worth of KB Home, or 7,500 shares.
September 25, 2023 | 12:34 pm
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POSITIVE IMPACT
KB Home's better-than-expected earnings and potential for dividend income could attract investors, potentially driving up the stock price.
KB Home's better-than-expected earnings and the potential for dividend income could make the stock more attractive to investors. This increased demand could drive up the stock price in the short term.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100