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

Jabil Inc. JBL will release third-quarter financial results before the opening bell on Thursday.

Analysts expect the St. Petersburg, Florida-based company to report quarterly earnings of $1.85 per share. This is down from $1.99 per share in the same period a year ago. Jabil expects to post revenue of $6.53 billion, according to Benzinga Pro data.

On May 20, Jabil called Michael Dastoor as CEO and Grzegorz Hebard as financial director.

With the recent buzz around Jabil, some investors may see potential gains from the company’s dividends. Jabil’s current dividend yield is 0.26%, which equates to a quarterly dividend of 8 cents per share (32 cents annually).

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

We then divide this amount by Jabil’s dividend of $0.32: $6,000 / $0.32 = 18,750 shares.

Thus, an investor would need to own approximately $2,334,000 worth of KB Home, or 18,750 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 / $0.32 = 3,750 shares, or $466,800 to generate a monthly dividend income of $100.

Read also: $23 million bet on PBF Energy? Check out these 4 stocks that insiders are buying

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.

JBL Price Action: Jabil shares rose 4.2% to close at $124.48 on Monday.

Check this out: How to Find Dividend Stocks: Scan, Analyze and Capture with Benzinga Pro