How to Make $500 Monthly from HP Stock Before Q2 Earnings Announcement

HP Inc. (NYSE:HPQ) is gearing up to release its second-quarter earnings report, and investors are eagerly anticipating the results. Analysts are expecting the company to report earnings of 81 cents per share, slightly higher than the previous year. Revenue is projected to come in at $12.6 billion, according to data from Benzinga Pro.

The recent buzz around HP has some investors eyeing the potential for dividend gains. With a dividend yield of 3.33%, HP is offering a quarterly dividend of 27.56 cents per share ($1.102 annually). For investors looking to earn $500 a month from HP, they would need to own approximately $180,447 worth of HP stock, or 5,445 shares.

For those with a more conservative goal of earning $100 monthly, they would need to own 1,089 shares, or $36,089 worth of HP stock. It’s important to note that dividend yield can fluctuate based on changes in the dividend payment and stock price.

Shares of HP closed at $33.14 on Tuesday, gaining 1.2% ahead of the earnings report. Investors are eagerly awaiting the results to see if HP can meet or exceed expectations. Stay tuned for more updates on HP’s performance in the market.