Unlock a Steady Income Stream with Kenvue Stock
Kenvue Inc. (NYSE: KVUE), a global consumer health company, is set to report its Q4 2024 earnings on February 6, 2025. With a diverse portfolio of self-care, skin health, and beauty products, the company is expected to post an EPS of $0.26, down from $0.31 in the previous year. Quarterly revenue is projected to reach $3.84 billion, up from $3.67 billion in the same period last year.
A Dividend Yield of 3.78%: A Compelling Opportunity
Kenvue’s dividend yield stands at an attractive 3.78%, with the company paying $0.82 per share in dividends over the last 12 months. For income-focused investors, this presents a lucrative opportunity to earn a steady $100 per month.
Calculating the Magic Number
To generate an income of $100 per month, you’ll need to invest approximately $31,746, which translates to around 1,475 shares at $21.53 each. This calculation is based on the desired annual income and the dividend yield.
Understanding Dividend Yield Fluctuations
The dividend yield can change over time due to fluctuations in stock prices and dividend payments. For instance, if the stock price rises, the dividend yield drops, and vice versa. This means that investors need to stay vigilant and adjust their calculations accordingly.
A Promising Outlook
Kenvue reaffirmed its outlook for adjusted diluted earnings per share in the range of $1.10-$1.20, reflecting strong productivity and efficiency gains. The company expects net sales growth and organic growth toward the low end of its outlook of 1.0%-3.0% and 2.0%-4.0%, respectively.
Diversifying Your Portfolio
Real estate is a great way to diversify your portfolio and earn high returns, but it can also be a hassle. Consider alternative investment opportunities, such as Arrived Home’s Private Credit Fund, which has historically paid an annualized dividend yield of 8.1%*.
Take the First Step
If you’re looking to earn a steady income stream, Kenvue stock might be an attractive option. With a dividend yield of 3.78%, you can potentially earn $100 per month by owning 1,475 shares of stock. Consult with a financial advisor today to explore your options and create a tailored investment strategy.
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