Progress Software, Inc. PRGS The company is scheduled to report its second-quarter results before the market opens on Tuesday, June 25th.
Analysts expect the Burlington, Massachusetts-based company to report quarterly earnings of $95 per share, down from $1.06 per share in the year-ago period. Jabil is expected to post revenue of $168.42 million, according to Benzinga Pro data.
On March 26, Progress Software announced first-quarter results that beat expectations.
With all the recent buzz around Progress Software, some investors may be looking at the potential benefits of the company’s dividend. Currently, Progress Software’s dividend yield is 1.45%, which works out as a quarterly dividend of 17.50 cents per share (70 cents annualized).
To work out how to make $500 per month from Progress Software, start with a yearly goal of $6,000 ($500 x 12 months).
Next, divide this amount by Progress Software’s dividend of $0.70: $6,000/$0.70 = 8,571 shares
Therefore, to earn $500 in dividend income per month, an investor would need to own 8,571 shares, or roughly $413,122 worth, of Progress Software stock.
If we assume a more conservative goal of $100 per month ($1,200 per year), the math is the same: To earn $100 in dividend income per month, you’d need $1,200 / $0.70 = 1,714 shares, or $82,615.
Also read: Top 4 consumer stocks that may keep you up at night this month
Keep in mind that dividend yields can continually change as dividend payments and share prices fluctuate over time.
Dividend yield is calculated by dividing the annual dividend by the current stock price. If the stock price fluctuates, the dividend yield will also fluctuate.
For example, if a stock pays a $2 annual dividend and the current share price is $50, the dividend yield is 4%. However, if the share price rises to $60, the dividend yield falls to 3.33% ($2 / $60).
Conversely, if the stock price falls to $40, the dividend yield increases to 5% ($2 / $40).
Additionally, the dividend itself may change over time, which can also affect the dividend yield. If a company increases its dividend, the dividend yield will increase even if the stock price remains the same. Similarly, if a company cuts its dividend, the dividend yield will decrease.
PRGS Price Trends: Progress Software shares fell 1.6% on Thursday to close at $48.20.
Read more: How to Find Dividend Stocks: Scan, Analyze and Capture with Benzinga Pro
