The Estée Lauder Companies Inc. (NYSE: EL) is set to release its fourth-quarter earnings results on Monday, August 19. Analysts are anticipating quarterly earnings of 27 cents per share, a significant increase from 7 cents per share in the same period last year. Revenue is expected to come in at $3.83 billion, up from $3.63 billion in the previous year.
Investors have been buzzing about Estée Lauder, particularly in relation to the company’s dividends. Currently, Estée Lauder offers a dividend yield of 2.77%, translating to a quarterly dividend of 66 cents per share or $2.64 per year. But how can investors make the most of this dividend income?
To generate $500 monthly from Estée Lauder, an investor would need to own approximately $216,253 worth of the company, or 2,273 shares. For a more conservative goal of $100 monthly, an investor would need around $43,289 worth of Estée Lauder, or 455 shares.
It’s important to note that dividend yields can fluctuate based on changes in the dividend payment and stock price over time. As the stock price goes up or down, the dividend yield will adjust accordingly. Moreover, if a company increases or decreases its dividend payment, this will also impact the dividend yield.
In recent price action, Estée Lauder’s shares closed at $95.14, with a 3.8% increase. Analyst Dana Telsey from Telsey Advisory Group has maintained a Market Perform rating for the company with a price target of $115.
In conclusion, Estée Lauder is poised to deliver exciting earnings results, making it an attractive option for investors seeking dividend income. The company’s consistent performance and dividend payout make it a compelling choice for those looking to build a reliable source of passive income. Pay attention to the upcoming earnings release for further insights into Estée Lauder’s financial performance.
