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Stock impact report

How To Earn $500 A Month From Phillips 66 Stock Ahead Of Q3 Earnings [Yahoo! Finance]

Phillips 66 (PSX) 
Last phillips 66 earnings: 5/1 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Tuesday, Oct. 29 , analysts expect the company to report quarterly earnings at $2.1 per share. That's down from $4.63 per share in the year-ago period. Phillips 66 projects to report revenue of $34.75 billion for the recent quarter, down from $40.32 billion a year earlier, according to data from Benzinga Pro With the recent buzz around Phillips 66, some investors may be eyeing potential gains from the company's dividends, too. The company currently offers an annual dividend yield of 3.31% — a quarterly dividend of $1.15 per share ($4.60 a year). Want to earn $500 monthly from Phillips 66? Start with the yearly target of $6,000 ($500 x 12 months). Next, take that amount and divide it by Phillips 66's $4.60 dividend: $6,000 / $4.60 = 1,304 shares So, an investor would need to own approximately $181,165 worth of Phillips 66, or 1,304 shares to generate a monthly dividend income of $500. Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calcul Show less Read more
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