How To Earn $500 A Month From United States Steel Stock After Upbeat Earnings Outlook

United States Steel Corporation X issued an upbeat profit forecast for the current quarter.

The company sees an adjusted per-share profit of $1.10 to $1.15 per share for the third quarter, versus analysts' estimates of $1.01 per share. It said the guidance reflects the expected impact on third-quarter financial results from the United Auto Workers strike.

With United States Steel issuing a profit forecast, some investors may be eyeing potential gains from the company’s dividends. As of now, United States Steel has a dividend yield of 0.66%, which is a quarterly dividend amount of $0.05 a share ($0.20 a year).

To figure out how to earn $500 monthly from United States Steel dividends, we start with the yearly target of $6,000 ($500 x 12 months).

Next, we take this amount and divide it by United States Steel’s $0.20 dividend: $6,000 / $0.20 = 30,000 shares

So, an investor would need to own approximately $915,900 worth of United States Steel, 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: $1,200 / 0.20 = 6,000 shares, or $183,180 to generate a monthly dividend income of $100.

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Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.

For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).

Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).

Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.

X Price Action: Shares of United States Steel fell 0.5% to close at $30.53 on Monday.

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