How to Make $500 a Month in PVH Stock Ahead of the First Quarter Earnings Report – PVH (NYSE:PVH)

PVH company (NYSE:PVH) will report first-quarter earnings results after the closing bell on Tuesday.

According to Benzinga Pro data, analysts expect the fashion holding company to report quarterly earnings of $2.16 per share on revenue of $1.93 billion.

Evercore ISI Group analyst Michael Binetti maintained his Outperform rating on PVH. He also raised his price target from $130 to $140 on June 3.

May 1 PVH – parent company Calvin Klein Inc. — said its board of directors has declared a quarterly cash dividend of 3.75 cents per share.

With the recent buzz around PVH, some investors may be looking at potential dividend gains from the company. Currently, PVH has a dividend yield of 0.12%. This represents a quarterly dividend of 3.75 cents per share (15 cents per year).

To learn how to earn $500 per month from PVH, we start with an annual goal of $6,000 ($500 x 12 months).

We then divide this amount by PVH’s dividend of $0.15: $6,000 / $0.15 = 40,000 shares

Thus, an investor would need to own approximately $4,899,200 worth of PVH stock, or 40,000 shares, to generate monthly dividend income of $500.

Assuming a more conservative goal of $100 per month ($1,200 per year), we do the same calculation: $1,200 / $0.15 = 8,000 shares, or $979,840, to generate monthly dividend income of $100.

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Keep in mind that the dividend yield can change continuously because both the dividend payment and the share price change over time.

Dividend yield is calculated by dividing the annual dividend payment by the current share price. As the share price changes, the dividend yield will also change.

For example, if a stock pays an annual dividend of $2 and its current price is $50, the dividend yield will be 4%. However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60).

Conversely, if the stock price falls to $40, the dividend yield will increase to 5% ($2/40).

Moreover, the dividend payout itself may also change over time, which may also impact the dividend yield. If a company increases its dividend payout, the dividend yield will increase even if the share price remains the same. Similarly, if a company reduces its dividend payout, the dividend yield will decline.

PVH price action: PVH shares rose 2.1% to close at $122.48 on Monday.

Read more: How to find dividend stocks: Scan, analyze and capture with Benzinga Pro