How much would it cost to make $100 a month from Pfizer stock?
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Pfizer (NYSE:PFE) discovers, develops, manufactures, markets, distributes and sells biopharmaceutical products in the United States, Europe and internationally.
It will report its fourth-quarter 2024 earnings on January 28, 2025. Wall Street analysts expect the company to post earnings per share of $0.68, compared to $0.10 in the same period a year ago. According to data from Benzinga Pro, quarterly revenue is expected to reach $18.09 billion, up from $14.25 billion a year ago.
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Pfizer’s stock price range over 52 weeks was $24.48 to $31.54.
Pfizer’s dividend yield is 6.52%. Over the last twelve months, the company paid $1.68 per share in dividends.
On Oct. 29, the company reported third-quarter 2024 earnings with adjusted earnings per share of $1.06, a turnaround from a loss of 17 cents a year ago. This beat the $0.62 consensus as reported by Benzinga.
The US drugmaker reported revenues of $17.70 billion, up 31% year-over-year (an operating increase of 32%), beating the consensus of $14.95 billion. The increase was primarily driven by growth contributions from Paxlovid, several acquired products, key inline products and recent commercial launches.
Pfizer revised its 2024 revenue forecast to $61-$64 billion, compared to previous expectations of $59.5-$62.5 billion and a consensus of $61.16 billion.
Check out this article from Benzinga, which analyzes Pfizer’s recent short interest.
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If you want to earn $100 per month – $1,200 per year – with Pfizer dividends, your investment value should be approximately $18,405, which is equivalent to 711 shares of $25.88 each.
Understanding Dividend Yield Calculations: When making an estimate, you need two important variables: the desired annual income ($1,200) and the dividend yield (6.52%). So $1,200 / 0.0652 = $18,405 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the current share price.
The dividend yield can change over time due to fluctuating stock prices and evolving dividend payments.
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For example, suppose a stock that pays out $2 in annual dividends is worth $50. The dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in the stock price to $40 will have the opposite effect and increase the dividend yield to 5% ($2/$40).
In summary, income-oriented investors may find Pfizer stock an attractive option to earn a steady income of $100 per month by owning 711 shares. There may be more upside potential as investors benefit from the company’s consistent dividend increases. Pfizer has increased its dividend consecutively for the past 14 years.
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This article How Much Would It Cost to Make $100 a Month with Pfizer Stock? originally appeared on Benzinga.com
