How To Earn $500 A Month From Alcoa Stock Ahead Of Q4 Earnings Report
Portfolio Pulse from Avi Kapoor
Alcoa Corporation (NYSE:AA) is expected to report a Q4 loss of 78 cents per share on revenue of $2.66 billion. The company plans to curtail production at its Kwinana Alumina Refinery in 2024. Alcoa offers a 1.33% annual dividend yield, equating to 10 cents per share quarterly. To earn $500 monthly from dividends, an investment of approximately $450,450 or 15,000 shares is needed. Alcoa's shares fell 2.8% to close at $30.03 recently.
January 16, 2024 | 1:01 pm
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Alcoa Corporation is anticipated to report a Q4 loss and plans to curtail production in 2024. Despite this, it maintains a dividend yield of 1.33%. The stock price recently fell by 2.8%.
The expected Q4 loss and production curtailment are negative indicators that could lead to bearish sentiment in the short term. However, the maintained dividend could provide some support to the stock price. The recent drop in share price reflects the market's reaction to these factors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100