Marvell Technology Inc. (MRVL) is scheduled to report its second-quarter results after the close of trading on Thursday, August 29th.
Analysts expect the Wilmington, Delaware-based company to report quarterly earnings of 30 cents per share, down from 33 cents per share in the year-ago period. Marvell Technology is expected to report sales of $1.25 billion, according to Benzinga Pro data.
On August 22, Rosenblatt analyst Hans Mosesmann maintained his Buy rating on Marvel Tech and his $100 price target.
With all the recent buzz around Marvel Technology, some investors may be focusing on the potential gains they can make from the company's dividend. Currently, Marvel Technology's dividend yield is 0.4%, which equates to a quarterly dividend of 6 cents per share (24 cents annualized).
To work out how to make $500 per month from Marvell Technology, start by setting a yearly goal of $6,000 ($500 x 12 months).
Next, divide this amount by Marvell's dividend of $0.24. $6,000/$0.24 = 25,000 shares
Therefore, an investor would need to own approximately $1.711 million worth of Marvell Technology, or 25,000 shares, to earn $500 in dividend income per month.
If we assume a more conservative goal of $100 per month ($1,200 per year), the math is the same: to earn $100 in dividend income per month, you'd need $1,200 / $0.24 = 5,000 shares, or $342,200.
Keep in mind that dividend yields may continually change as dividend payments and share prices fluctuate over time.
Dividend yield is calculated by dividing the annual dividend by the current stock price. If the stock price fluctuates, the dividend yield will also fluctuate.
For example, if a stock pays a $2 annual dividend and the current share price is $50, the dividend yield is 4%. However, if the share price rises to $60, the dividend yield falls to 3.33% ($2 / $60).
Conversely, if the stock price falls to $40, the dividend yield increases to 5% ($2 / $40).
Additionally, the dividend itself may change over time, which can also affect the dividend yield. If a company increases its dividend, the dividend yield will increase even if the stock price remains the same. Similarly, if a company cuts its dividend, the dividend yield will decrease.
MRVL Price Action: Marvel Technology shares fell 1.8% on Wednesday to close at $68.44.
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