December 9, 2023

ConAgra Manufacturers Inc CAG reported better-than-expected earnings for its first quarter on Thursday.

The corporate posted quarterly gross sales of $2.90 billion, flat Y/Y, versus the consensus of $2.95 billion. Adjusted EPS elevated 15.8% to $0.66, beating the consensus of $0.60.

ConAgra reaffirmed FY24 natural internet gross sales development of 1% and adjusted EPS of $2.70-$2.75 (consensus $2.72).

With the thrill round ConAgra following quarterly outcomes, some traders could also be eyeing potential positive aspects from the corporateā€™s dividends. As of now, ConAgra provides an annual dividend yield of 5.38%, which is a quarterly dividend quantity of 35 cents per share ($1.40 a 12 months).

So, how can traders exploit its dividend yield to pocket a daily $500 month-to-month?

To earn $500 per 30 days or $6,000 yearly from dividends alone, you would want an funding of roughly $111,436 or round 4,286 shares. For a extra modest $100 per 30 days or $1,200 per 12 months, you would want $22,282 or round 857 shares.

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To calculate: Divide the specified annual earnings ($6,000 or $1,200) by the dividend (1.40 on this case). So, $6,000 / 1.40= 4,286 ($500 per 30 days), and $1,200 / 1.40= 857 shares ($100 per 30 days).

Word that dividend yield can change on a rolling foundation, because the dividend fee and the inventory worth each fluctuate over time.

How that works: The dividend yield is computed by dividing the annual dividend fee by the inventory’s present worth.

For instance, if a inventory pays an annual dividend of $2 and is at present priced at $50, the dividend yield can be 4% ($2/$50). Nevertheless, if the inventory worth will increase to $60, the dividend yield drops to three.33% ($2/$60). Conversely, if the inventory worth falls to $40, the dividend yield rises to five% ($2/$40).

Equally, modifications within the dividend fee can influence the yield. If an organization will increase its dividend, the yield can even improve, offered the inventory worth stays the identical. Conversely, if the dividend fee decreases, so will the yield.

CAG Value Motion: Shares of ConAgra fell 2% to shut at $26.00 on Thursday.

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