How To Earn $500 A Month From Worthington Enterprises Stock Ahead Of Q1 Earnings

Worthington Enterprises, Inc. WOR will release earnings results for its first quarter of 2025 after the closing bell on Tuesday, Sept. 24.

Analysts expect the Columbus, Ohio-based company to report quarterly earnings at 74 cents per share. That’s down from $2.06 per share in the year-ago period. Worthington projects to report quarterly revenue of $300.26 million for the quarter. according to data from Benzinga Pro.

On Sept. 10, Worthington Enterprises said it has begun modernization project at Chilton, Wisconsin, Campus.

With the recent buzz around Worthington Enterprises, some investors may be eyeing potential gains from the company's dividends. Worthington Enterprises currently has a dividend yield of 1.46% — a quarterly dividend of 17 cents a share. That amounts to about 68 cents a year.

To earn $500 monthly from Worthington Enterprises, start with a yearly target of $6,000 ($500 x 12 months).

Next, we take this amount and divide it by Worthington Enterprises' $0.68 dividend: $6,000 / $0.68 = 8,824 shares

So, an investor would need to own approximately $410,757 worth of Worthington Enterprises, or 8,824 shares to generate a monthly dividend income of $500.

Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $0.68 = 1,765 shares, or $82,161 to generate a monthly dividend income of $100.

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

The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.

For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).

Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).

Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.

WOR Price Action: Shares of Worthington Enterprises rose 2.6% to close at $46.55 on Thursday.

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