Are you looking for a way to earn passive income? Investing in Stanley Black & Decker stock might be the answer. With the potential to earn $100 per month in dividends, this investment opportunity could provide a steady stream of income for you. Let’s take a closer look at why Stanley Black & Decker could be a good investment option for those looking to generate passive income.
Stanley Black & Decker, Inc. is a well-known manufacturer of hand and power tools, operating in two main segments – Tools and Outdoor, and Industrial. The company is set to report its Q3 2024 earnings on October 25, 2024. Analysts are expecting an EPS of $1.04, slightly down from the previous year. Despite this, the company’s quarterly revenue is still expected to be substantial at $3.81 billion.
The stock price of Stanley Black & Decker has fluctuated between $76.26 and $108.15 over the past 52 weeks. With a dividend yield of 3.29%, the company has paid out $3.28 per share in dividends over the last 12 months. This consistent dividend payout makes it an attractive option for income-focused investors.
In a recent earnings report, Stanley Black & Decker posted sales of $4.024 billion, surpassing analyst estimates. The company saw a decline in revenue year-over-year, but gross profit increased significantly. Adjusted EPS also beat expectations, showing the company’s resilience in a challenging market.
To earn $100 per month from Stanley Black & Decker dividends, you would need to invest approximately $36,474, which is equivalent to owning around 366 shares at the current stock price. The dividend yield calculation is essential in estimating the income you can generate from your investment.
With a history of consistently raising dividends for the past 56 years, Stanley Black & Decker is a reliable option for investors looking to generate passive income. The company’s commitment to delivering earnings growth and strong cash flow makes it an attractive choice for income-seeking investors.
In conclusion, investing in Stanley Black & Decker stock could be a lucrative opportunity to earn passive income. With a solid track record of dividend payments and a focus on growth, the company offers stability and potential for income growth. Consider exploring this investment option to diversify your portfolio and generate steady income over time.
