How To Earn $500 A Month From Intuit Stock Ahead of Q1 Earnings Report
Portfolio Pulse from Lisa Levin
Intuit Inc. (NASDAQ:INTU) is anticipated to report Q1 earnings of $1.98 per share, up from $1.66 the previous year, with revenues expected at $2.88 billion. The company offers a quarterly dividend of $0.90 per share, yielding 0.64% annually. To earn $500 monthly from dividends, an investment of approximately $940,305 is required. Intuit's stock price was down 0.3% to $562.19 in early trading on Monday.
November 27, 2023 | 3:12 pm
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NEUTRAL IMPACT
Intuit Inc. is expected to report increased earnings per share in Q1 FY2024 and offers a stable dividend yield. The stock experienced a minor decline in early trading.
The expected increase in earnings per share could be a positive signal for investors, indicating potential growth. However, the slight decrease in stock price suggests a neutral short-term impact. The dividend yield provides a modest income stream, but the investment required to earn significant monthly income from dividends is substantial, which may not appeal to all investors.
CONFIDENCE 80
IMPORTANCE 75
RELEVANCE 100