How To Earn $500 A Month From Target Stock Following Earnings Beat
Portfolio Pulse from Lisa Levin
Target Corporation (NYSE:TGT) reported Q3 2023 sales of $25.398 billion, surpassing estimates and adjusted EPS of $2.10, beating consensus. The company's annual dividend yield is 3.37%, with a quarterly dividend of $1.10 per share. To earn $500 monthly from dividends, an investment of approximately $177,947 or 1,364 shares is needed. Dividend yields fluctuate with dividend payments and stock prices. Target's stock price surged 17.8% to close at $130.46 following the earnings report.
November 16, 2023 | 2:33 pm
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POSITIVE IMPACT
Target's Q3 earnings beat with higher sales and EPS has led to a significant stock price increase of 17.8%. The company's strong dividend yield may attract income-focused investors.
The positive earnings report and the subsequent stock price jump indicate a strong performance by Target, which is likely to instill confidence in investors. The detailed dividend yield information provided may attract investors looking for regular income, potentially increasing demand for TGT shares in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100