How To Earn $500 A Month From McKesson Stock Ahead Of Q4 Earnings Report
Portfolio Pulse from Avi Kapoor
McKesson Corporation (NYSE:MCK) is expected to report Q4 earnings of $6.34 per share, down from $7.19 the previous year, but with projected revenue of $79.32 billion, up from $68.91 billion. The company offers a 0.46% annual dividend yield, equating to $2.48 per share annually. To earn $500 monthly from dividends, an investment of approximately $1,290,319 is needed. McKesson's stock price recently increased by 0.9% to close at $533.41.
May 07, 2024 | 12:17 pm
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McKesson is anticipated to report lower Q4 earnings per share compared to last year but with higher revenue. The company's dividend yield stands at 0.46%, requiring a significant investment to achieve a $500 monthly dividend income. The stock price has recently seen a modest increase.
The expected decrease in earnings per share might concern investors, but the increase in projected revenue could offset these concerns, leading to a neutral short-term impact on the stock price. The dividend yield, while modest, highlights the company's commitment to returning value to shareholders, but the significant investment required for substantial dividend income may limit the appeal to some investors. The recent stock price increase suggests a positive market sentiment leading into the earnings report.
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