How To Earn $500 A Month From Fifth Third Bancorp Stock Ahead Of Q1 Earnings

Analysts expect the slope to study quarterly net astatine 70 cents per share. Fifth Third Bancorp projects quarterly gross of $2.16 billion, compared to $2.1 cardinal a twelvemonth earlier, according to information from Benzinga Pro.

On April 7, Baird expert David George upgraded Fifth Third Bancorp from Neutral to Outperform.

With the caller buzz astir Fifth Third, immoderate investors whitethorn besides beryllium eyeing imaginable gains from the company's dividends. As of now, Fifth Third Bancorp offers an yearly dividend output of 4.22%, a quarterly dividend magnitude of 37 cents per stock ($1.48 a year).

To fig retired however to gain $500 monthly from Fifth Third Bancorp, we commencement with the yearly people of $6,000 ($500 x 12 months).

Next, we instrumentality this magnitude and disagreement it by Fifth Third Bancorp's $1.48 dividend: $6,000 / $1.48 = 4,054 shares.

So, an capitalist would request to ain astir $142,174 worthy of Fifth Third Bancorp, oregon 4,054 shares to make a monthly dividend income of $500.

Assuming a much blimpish extremity of $100 monthly ($1,200 annually), we bash the aforesaid calculation: $1,200 / $1.48 = 811 shares, oregon $28,442 to make a monthly dividend income of $100.

View much net connected FITB

Note that dividend output tin alteration connected a rolling basis, arsenic the dividend outgo and the banal terms fluctuate implicit time.

The dividend output is calculated by dividing the yearly dividend outgo by the existent banal price. As the banal terms changes, the dividend output volition besides change.

For example, if a banal pays an yearly dividend of $2 and its existent terms is $50, its dividend output would beryllium 4%. However, if the banal terms increases to $60, the dividend output would alteration to 3.33% ($2/$60).

Conversely, if the banal terms decreases to $40, the dividend output would summation to 5% ($2/$40).

Further, the dividend outgo itself tin besides alteration implicit time, which tin besides interaction the dividend yield. If a institution increases its dividend payment, the dividend output volition summation adjacent if the banal terms remains the same. Similarly, if a institution decreases its dividend payment, the dividend output volition decrease.

FITB Price Action: Shares of Fifth Third Bancorp gained by 1.4% to adjacent astatine $35.07 connected Tuesday.

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