Benzinga - by Lisa Levin, Benzinga Editor.
Agilent Technologies, Inc. (NYSE: A) reported better-than-expected fourth-quarter financial results on Monday.
Agilent reported quarterly earnings of $1.38 per share, surpassing the analyst consensus estimate of $1.35. The company reported quarterly sales of $1.69 billion, which beat analyst expectations of $1.68 billion, according to data from Benzinga Pro.
The company said it sees full-year 2024 earnings between $5.44 and $5.55 per share, versus the $5.61 estimate. The company expects full-year revenue between $6.71 billion and $6.81 billion, versus the $6.98 billion estimate.
With Agilent reporting upbeat quarterly earnings, some investors may be eyeing potential gains from the company’s dividends. As of now, Agilent has a dividend yield of 0.83%, which is a quarterly dividend amount of 23.6 cents a share (94.4 cents a year).
To figure out how to earn $500 monthly from Agilent dividends, we start with the yearly target of $6,000 ($500 x 12 months).
Next, we take this amount and divide it by Agilent $0.944 dividend: $6,000 / $0.944 = 6,356 shares
So, an investor would need to own approximately $724,457 worth of Agilent, or 6,356 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $0.944 = 1,271 shares, or $144,869 to generate a monthly dividend income of $100.
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Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock 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, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).
Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).
Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.
A Price Action: Shares of Agilent gained 0.7% to close at $113.98 on Monday.
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