How To Earn $500 A Month From MSC Industrial Stock Ahead Of Q3 Earnings – MSC Industrial Direct Co (NYSE:MSM)

MSC Industrial Direct Co., Inc. (NYSE: MSM) is scheduled to release its third-quarter earnings before the market opens on Tuesday, July 2. Analysts predict earnings of $1.34 per share, down from $1.74 per share in the same period last year. Revenue is expected to be around $982.22 million.

Recently, Loop Capital and Keybanc analysts downgraded MSC Industrial Direct stock. Despite this, some investors are interested in the company’s dividends, which currently offer an annual yield of 4.26%. This translates to a quarterly dividend of 83 cents per share ($3.32 yearly).

To earn $500 per month from dividends alone, an investor would need around $140,964 or approximately 1,807 shares. For a more modest $100 per month, one would need $28,162 or around 361 shares.

Dividend yield can change over time as dividend payments and stock prices fluctuate. The yield is calculated by dividing the annual dividend payment by the stock’s current price. Changes in either the dividend payment or stock price can impact the yield.

In recent trading, MSC Industrial Direct shares fell 1.1% to close at $78.01.