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

Analysts expect the Salt Lake City, Utah-based institution to study quarterly net astatine $1.18 per share, up from 96 cents per stock successful the year-ago period. Zions Bancorporation projects to study quarterly gross astatine $794.82 million, compared to $752 cardinal a twelvemonth earlier, according to information from Benzinga Pro.

On March 28, Wells Fargo expert Mike Mayo maintained Zions Bancorp with an Equal-Weight standing and lowered the terms people from $62 to $58.

With the caller buzz astir Zions Bancorporation, immoderate investors whitethorn beryllium eyeing imaginable gains from the company's dividends too. Currently, Zions Bancorporation offers an yearly dividend output of 3.97%. That’s a quarterly dividend magnitude of 43 cents per stock ($1.72 a year).

So, however tin investors exploit its dividend output to pouch a regular $500 monthly?

To gain $500 per period oregon $6,000 annually from dividends alone, you would request an concern of astir $151,240 oregon astir 3,488 shares. For a much humble $100 per period oregon $1,200 per year, you would request $30,265 oregon astir 698 shares.

To calculate: Divide the desired yearly income ($6,000 oregon $1,200) by the dividend ($1.72 successful this case). So, $6,000 / $1.72 = 3,488 ($500 per month), and $1,200 / $1.72 = 698 shares ($100 per month).

View much net connected ZION

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

How that works: The dividend output is computed by dividing the yearly dividend outgo by the stock’s existent price.

For example, if a banal pays an yearly dividend of $2 and is presently priced astatine $50, the dividend output would beryllium 4% ($2/$50). However, if the banal terms increases to $60, the dividend output drops to 3.33% ($2/$60). Conversely, if the banal terms falls to $40, the dividend output rises to 5% ($2/$40).

Similarly, changes successful the dividend outgo tin interaction the yield. If a institution increases its dividend, the output volition besides increase, provided the banal terms stays the same. Conversely, if the dividend outgo decreases, truthful volition the yield.

ZION Price Action: Shares of Zions Bancorporation fell 1% to adjacent astatine $43.36 connected Wednesday.

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