How To Earn $500 A Month From Charles Schwab Stock Following Q3 Earnings
Portfolio Pulse from Lisa Levin
Charles Schwab Corporation (NYSE:SCHW) reported better-than-expected Q3 earnings, despite a 16% YoY decline in net revenue to $4.61 billion. The company's adjusted EPS was $0.77, down 30% YoY. The company's dividend yield is currently 1.86%, equating to a quarterly dividend of 25 cents per share. The article explains how an investor could generate $500 monthly from Charles Schwab dividends, requiring ownership of approximately $322,320 worth of Charles Schwab, or 6,000 shares.
October 17, 2023 | 12:22 pm
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NEUTRAL IMPACT
Charles Schwab's better-than-expected Q3 earnings and current dividend yield of 1.86% may attract investors seeking dividend income. However, the company's revenue decline could be a concern.
Charles Schwab's better-than-expected earnings could boost investor confidence, potentially leading to a short-term increase in the stock price. However, the company's revenue decline could offset this positive impact, leading to a neutral short-term price direction.
CONFIDENCE 85
IMPORTANCE 75
RELEVANCE 100