How To Earn $500 A Month From Thor Industries After Q4 Results

THOR Industries, Inc. THO on Monday reported better-than-expected sales for its fourth quarter.

Thor Industries posted quarterly earnings of $1.68 per share, down from $5.15 per share for the prior-year period. The company’s sales came in at $2.74 billion versus expectations of $2.42 billion.

Thor Industries said it sees FY24 consolidated net sales of $10.5 billion to $11.0 billion and earnings of $6.25 to $7.25 per share.

With the buzz around Thor Industries following quarterly results, some investors may be eyeing potential gains from the company’s dividends. As of now, Thor Industries offers an annual dividend yield of 1.90%, which is a quarterly dividend amount of $0.45 a share ($1.80 a year).

So, how can investors exploit its dividend yield to pocket a regular $500 monthly?

To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $316,035 or around 3,333 shares. For a more modest $100 per month or $1,200 per year, you would need $63,245 or around 667 shares.

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To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend (1.80 in this case). So, $6,000 / 1.80= 3,333 shares ($500 per month), and $1,200 / 1.80= 667 shares ($100 per month).

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

How that works: The dividend yield is computed by dividing the annual dividend payment by the stock's current price.

For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.

THO Price Action: Shares of THOR Industries rose 2% to close at $94.82 on Monday.

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