How To Earn $500 A Month From Macy's Stock Ahead Of Q2 Earnings

Macy’s, Inc. (NYSE:M) will release earnings results for the second quarter, before the opening bell on Wednesday, Sept. 3.

Analysts expect the company to report quarterly earnings at 19 cents per share, down from 53 cents per share in the year-ago period. Macy’s is expected to report quarterly revenue of $4.7 billion, down from $4.94 billion a year earlier, according to data from Benzinga Pro.

On Aug. 27, Telsey Advisory Group analyst Dana Telsey maintained Macy’s with a Market Perform rating and maintained a $14 price target.

With the recent buzz around Macy’s, some investors may be eyeing potential gains from the company's dividends too. As of now, Macy’s offers an annual dividend yield of 5.52%, which is a quarterly dividend amount of 18 cents per share (72 cents a year).

To figure out ...