How To Put $100 In Your Retirement Fund Each Month With Kenvue Stock

Kenvue Inc. KVUE is a consumer health company worldwide. The company 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 3.85%. During the last 12 months, it paid $0.82 per share in dividends.

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The Latest On Kenvue Stock

On Nov. 7, the company announced its Q3 2024 earnings, posting sales of $3.89 billion, down 0.4% year-over-year (up 0.9% organically), slightly below the consensus of $3.93 billion, as reported by Benzinga.

The adjusted gross profit margin expanded 130 basis points to 60.7% from 59.4% in the prior year, reflecting productivity gains attributable to global supply chain efficiency initiatives and benefits from value realization. The third quarter adjusted operating income margin was 22.1% vs. 23.3% in the prior year.

Kenvue expects 2024 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 consumer health giant reaffirmed 2024 adjusted EPS of $1.10-$1.20 versus consensus of $1.14

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 $31,169, around 1,470 shares at $21.20 each. 

Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (3.85%). So, $1,200 / 0.0385 = $31,169 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.

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

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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 1,470 shares. 

Wondering if your investments can get you to a $5,000,000 nest egg? Speak to a financial advisor today. SmartAsset’s free tool matches you up with up to three vetted financial advisors who serve your area, and you can interview your advisor matches at no cost to decide which one is right for you. 

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