Benzinga - by Avi Kapoor, Benzinga Staff Writer.
Calvin Klein parent company PVH Corp. (NYSE: PVH) is set to post earnings results for its fourth quarter, after the closing bell on April 1, 2024.
The New York-based company, formerly known as the Phillips-Van Heusen Corporation, is expected to report quarterly earnings at $3.52 per share. That's up from $2.38 per share in the year-ago quarter. PVH is projected to report quarterly revenue of $2.42 billion, compared to $2.49 billion in the year-earlier period, according to data from Benzinga Pro.
On Feb. 7, PVH — which also owns Tommy Hilfiger — declared a quarterly cash dividend of 3.75 cents per share payable on March 27, 2024 to stockholders of record on March 6, 2024.
With the recent buzz around PVH, some investors may be eyeing potential gains from the company’s dividends too. As of now, PVH offers an annual dividend yield of 0.11%, which is a quarterly dividend amount of 15 cents per share (3.75 cents a year).
So, how can investors exploit its dividend yield to pocket a regular $500 monthly?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $5,624,400 or around 40,000 shares. For a more modest $100 per month or $1,200 per year, you would need $1,124,880 or around 8,000 shares.
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To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.15 in this case). So, $6,000 / $0.15 = 40,000 ($500 per month), and $1,200 / $0.15 = 8,000 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed by dividing the annual dividend payment by the stock's current price.
For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). 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 rises to 5% ($2/$40).
Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.
PVH Price Action: Shares of PVH gained 0.9% to close at $140.61 on Thursday.
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