How To Earn $500 A Month From Kroger Stock After Last Week's Upbeat Earnings Report
Portfolio Pulse from Lisa Levin
Kroger Company (NYSE:KR) reported Q3 FY23 sales of $33.96 billion, slightly down by 0.7% YoY but above analyst estimates of $33.92 billion. Adjusted EPS was 95 cents, beating the 91 cents consensus. Kroger's annual dividend yield is 2.60%, with a quarterly dividend of 29 cents per share. To earn $500 monthly from dividends, an investment of approximately $231,033 or 5,172 shares is needed. The article also explains how dividend yield is calculated and its dependence on stock price and dividend payments. KR shares rose 0.2% to close at $44.67 on Monday.
December 05, 2023 | 2:24 pm
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POSITIVE IMPACT
Kroger reported higher-than-expected Q3 earnings and maintains a stable dividend yield, which could attract income-focused investors. The stock saw a slight increase after the earnings report.
Kroger's positive earnings report and stable dividend yield are likely to instill confidence in investors, potentially leading to a short-term positive impact on the stock price. The slight increase in stock price post-earnings indicates a positive market reaction.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100