Unifirst Corporation (NYSE: UNF) will release its second quarter of financial results before the opening bell on Wednesday 2 April.
Analysts expect the company to report quarterly profit at $ 1.34 per share, an increase of $ 1.12 per share in the period from a year ago. Unifirst Projects Quarterly Turnover of $ 602.81 million, compared to $ 590.71 million a year earlier, according to data from Benzinga Pro.
On March 24, Cintas Corporation (Nasdaq: CTAS) Deal discussed with Unifirst. The company had offered $ 275 per share in cash.
With the recent buzz around Unifirst, some investors can also look at potential profit from the company’s dividends. Unifirst currently offers an annual dividend yield of 0.80%. That is a quarterly dividend of 35 cents per share ($ 1.40 per year).
To find out how we can earn $ 500 monthly from Unifirst, we start with the annual goal of $ 6,000 ($ 500 x 12 months).
We then take this amount and divide the $ 1.40 of Unifirst by the dividend: $ 6,000 / $ 1.40 = 4,286 shares.
An investor should therefore have around $ 745,764 in Unifirst, or 4,286 shares to generate a monthly dividend income of $ 500.
Based on a more conservative goal of $ 100 monthly ($ 1,200 per year), we do the same calculation: $ 1,200 / $ 1.40 = 857 shares, or $ 149,118 to generate a monthly dividend income of $ 100.
View more income on CTAs
Note that the dividend yield can change on rolls, because the dividend payment and the share price both fluctuate over time.
The dividend yield is calculated by sharing the annual dividend payment by the current stock price. As the share price changes, the dividend yield will also change.
For example, if a share pays an annual dividend of $ 2 and the current price is $ 50, the dividend yield would be 4%. However, if the share price rises to $ 60, the dividend yield would fall to 3.33% ($ 2/$ 60).
Conversely, if the stock price drops to $ 40, the dividend yield would rise to 5% ($ 2/$ 40).
Furthermore, the dividend payment itself can also change over time, which can also influence 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 lowers its dividend payment, the dividend yield will decrease.
UNF -Price promotion: Shares of Unifirst rose by 0.1% to close $ 174.00 on Monday.
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