How To Earn $500 A Month From PriceSmart Stock Ahead Of Q2 Earnings
Portfolio Pulse from Avi Kapoor
PriceSmart, Inc. (NASDAQ:PSMT) is expected to release its Q2 earnings on April 9, 2024, with analysts projecting an earnings increase to $1.25 per share from $1.02 the previous year, and revenue of $1.28 billion. The company recently raised its annual dividend to $1.16 per share, yielding 1.39%. To earn a $500 monthly dividend income, an investor would need to own approximately 5,172 shares, valued around $432,017. The article also explains how dividend yield changes with stock price and dividend payment adjustments. PSMT's stock rose 0.7% to close at $83.53 recently.
April 09, 2024 | 12:53 pm
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PriceSmart is anticipated to report increased Q2 earnings and has recently raised its annual dividend to $1.16 per share. The stock experienced a 0.7% increase, closing at $83.53.
The expected increase in Q2 earnings and the recent dividend raise are positive indicators for PriceSmart's financial health and shareholder value, likely leading to a short-term positive impact on PSMT's stock price. The recent stock price increase further supports this outlook.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100