How To Earn $500 A Month From Caleres Stock Ahead Of Q4 Earnings
Portfolio Pulse from Avi Kapoor
Caleres, Inc. (NYSE:CAL) is set to release its Q4 earnings report on March 19, 2024, with an annual dividend yield of 0.72%. Investors looking to earn $500 monthly from dividends would need approximately $835,731 invested in CAL, equating to around 21,429 shares. The company is expected to report quarterly earnings of 85 cents per share, up from 65 cents per share in the previous year, with projected revenue of $694.33 million. CAL shares recently gained 1.7% to close at $39.00.
March 18, 2024 | 12:41 pm
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POSITIVE IMPACT
Caleres, Inc. is anticipated to release positive Q4 earnings with an increase in EPS from 65 cents to 85 cents year-over-year, despite a slight decrease in projected revenue. The company's dividend yield stands at 0.72%, with shares recently up 1.7%.
The expected increase in EPS suggests a positive earnings report, which could boost investor confidence and potentially increase stock price in the short term. The dividend yield, while modest, adds an additional incentive for investors, especially those looking for regular income. The recent increase in share price further indicates positive market sentiment ahead of the earnings report.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100