Designer Brands Inc. (NYSE:DBI) will release earnings results for the second quarter before the opening bell on Tuesday, Sept. 9.
With the recent buzz around the Columbus, Ohio-based company, some investors may be eyeing potential dividend gains. Designer Brands offers an annual dividend yield of 4.23% — 5 cents per share quarterly and 20 cents yearly.
To earn $500 monthly from Designer Brands, start with the yearly target of $6,000 ($500 x 12 months). Next, take this amount and divide it by Designer Brands’ $0.20 dividend: $6,000 / $0.20 = 30,000 shares.
So, an investor would need to own approximately $141,900 worth of Designer Brands, or 30,000 shares to generate a monthly dividend income of $500.
Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: …