How To Earn $500 A Month From KB Home Stock Ahead Of Q2 Earnings

KB Home (NYSE: KBH ) will release earnings for its second quarter after the closing bell on Tuesday, June 23 . Until then, some investors may be eyeing potential gains from the company's dividends. Currently, KB Home has an annual dividend yield of 1.88% — a quarterly dividend amount of 25 cents per share ($1.00 a year). To figure out how to earn $500 monthly from KB Home, start with the yearly target of $6,000 ($500 x 12 months). Next, divide that amount by KB Home's $1.00 dividend: $6,000 / $1.00 = 6,000 shares. So, an investor would need to own approximately $319,380 worth of KB Home, or 6,000 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: $1,200 / $1.00 = 1,200 shares, or $63,876 to generate a monthly dividend income of ... Full story available on Benzinga.com