Here's How You Can Earn $100 In Passive Income By Investing In Kenvue Stock

Kenvue Inc. KVUE is a consumer health company worldwide. It operates through three segments: Self-Care, Skin Health and Beauty and Essential Health.

It will report its Q4 2024 earnings on Feb. 6, 2025. Wall Street analysts expect the company to post an EPS of $0.26, down from $0.31 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $3.84 billion, up from $3.67 billion in the year-ago period.

The 52-week range of Kenvue stock price was $17.67 to $24.46.

Kenvue’s dividend yield is 3.78%. During the last 12 months, it paid $0.82 per share in dividends.

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The Latest On Kenvue

On Nov. 7, the company announced its Q3 2024 earnings, posting an adjusted EPS of $0.28, compared to the consensus estimate of $0.27 and revenues of $3.90 billion, compared to the consensus of $3.93 billion, as reported by Benzinga.

For 2024, assuming an approximately 1% currency headwind, the company expects net sales growth and organic growth toward the low end of its outlook of 1.0%-3.0% and 2.0%-4.0%, respectively. The company reaffirmed its outlook for adjusted diluted earnings per share in the range of $1.10-$1.20, which continues to reflect strong productivity and efficiency gains that are funding sustained incremental investment in brand activation.

Check out this article by Benzinga for six analysts' insights on Kenvue.

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How Can You Earn $100 Per Month As A Kenvue Investor?

If you want to make $100 per month – $1,200 annually – from Kenvue dividends, your investment value needs to be approximately $31,746, which is around 1,475 shares at $21.53 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (3.78% in this case). So, $1,200 / 0.0378 = $31,746 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.

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The dividend yield can change over time due to fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find Kenvue stock an attractive option for earning a steady $100 per month by owning 1,475 shares of stock. 

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