How To Earn $500 A Month From Darden Restaurants Stock Following Upbeat Earnings
Portfolio Pulse from Avi Kapoor
Darden Restaurants Inc (NYSE:DRI) reported Q2 sales growth of 9.7% year-on-year to $2.727 billion, narrowly missing analyst estimates of $2.741 billion. Adjusted EPS of $1.84 beat the consensus of $1.74. The company's dividend yield is 3.1%, with a quarterly dividend of $1.31 per share. To earn $500 monthly from dividends, an investor would need to own approximately 1,190 shares, valued at $193,363. For $100 monthly, it would require 238 shares, or $38,673. DRI shares fell 0.4% to close at $162.49 on Friday.
December 18, 2023 | 1:31 pm
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NEUTRAL IMPACT
Darden Restaurants reported strong Q2 earnings with a slight sales miss but higher EPS. The company offers a solid dividend yield, and shares saw a minor decline on the report day.
The earnings beat is positive, but the slight miss on sales and the share price dip indicate a neutral short-term impact. The dividend yield remains attractive, which could support the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100