The Scoop on Q1 Earnings
Applied Materials, Inc. AMAT is slated to release earnings results for its first quarter (Q1), after the closing bell on Feb. 15, 2024.
Analysts foresee the Santa Clara, California-based company reporting quarterly earnings at $1.91 per share, compared to year-ago earnings of $2.03 per share. Applied Materials is anticipated to post revenue of $6.48 billion, according to data from Benzinga Pro.
During November, Applied Materials stated that Q4 revenue stood flat year-over-year at $6.72 billion, eclipsing the consensus estimate of $6.52 billion.
Recent reports from analysts such as Cantor Fitzgerald’s C J Muse and B. Riley Securities’ Craig Ellis suggest varying viewpoints, fueling dynamics ahead of the earnings report.
Unlocking Dividend Potential
In light of the recent fervor surrounding Applied Materials, some investors may be contemplating potential gains from the company’s dividends. Currently, Applied Materials offers an annual dividend yield of 0.69%, which equates to a quarterly dividend amount of 32 cents per share ($1.28 annually).
So, how can investors leverage its dividend yield to secure a steady $500 monthly?
To generate $500 per month or $6,000 annually from dividends alone, you would require an investment of approximately $872,859 or around 4,688 shares. For a more modest $100 per month or $1,200 per year, you would need $174,646 or roughly 938 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.28). Therefore, $6,000 / $1.28 = 4,688 ($500 per month), and $1,200 / $1.28 = 938 shares ($100 per month). It is noteworthy that dividend yield may fluctuate as the dividend payment and stock price oscillate over time.
The dividend yield is ascertained by dividing the annual dividend payment by the stock’s current price. Any variations in the dividend payment can impact the yield, and changes in stock price could also affect the dividend yield proportionately.
AMAT Price Dynamics
AMAT Price Action: Shares of Applied Materials surged 3.3% to conclude at $186.19 on Wednesday.
Image: Courtesy of Applied Materials
