How To Earn $500 A Month From Wynn Resorts Stock Following Earnings Beat

Wynn Resorts, Limited WYNN reported better-than-expected earnings for its third quarter on Thursday.

Wynn Resorts reported third quarter operating revenue of $1.67 billion, which was up from a total of $889.7 million reported in the prior year's period, and compared to a Street consensus estimate of $1.585 billion. The company reported adjusted earnings per share of 99 cents, which beat a Street consensus estimate of 75 cents per share, according to data from Benzinga Pro.

With Wynn Resorts reporting upbeat quarterly earnings, some investors may be eyeing potential gains from the company’s dividends. As of now, Wynn Resorts has a dividend yield of 1.17%, which is a quarterly dividend amount of 25 cents a share ($1.00 a year).

To figure out how to earn $500 monthly from Wynn Resorts dividends, we start with the yearly target of $6,000 ($500 x 12 months).

Next, we take this amount and divide it by Wynn Resorts $1.00 dividend: $6,000 / $1.00 = 6,000 shares

So, an investor would need to own approximately $512,940 worth of Wynn Resorts, or 6,000 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 / $1.00 = 1,200 shares, or $102,588 to generate a monthly dividend income of $100.

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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.

WYNN Price Action: Shares of Wynn Resorts fell 5.7% to close at $85.49 on Friday.

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