Signet Jewelers faces Q2 earnings report as investors weigh $500 monthly dividend target

  • Signet Jewelers will release second-quarter earnings before markets open Wednesday, Sept. 9.
  • $1.74 per share and $1.53 billion in revenue are the expected quarterly results.
  • Signet shares rose 1.5% to $83.89 in after-hours trading.

Signet Jewelers Limited will report second-quarter earnings before the opening bell on Wednesday, Sept. 9. Analysts expect earnings of $1.74 per share, up from $1.61 a year earlier, and revenue of $1.53 billion, compared with $1.54 billion last year. Signet shares gained 1.5% to $83.89 in after-hours trading. The company currently offers an annual dividend yield of 1.64%, based on quarterly payments of 35 cents per share. At that payout, generating $500 per month would require approximately 4,286 shares, worth about $365,596, while a $100 monthly target would require 857 shares worth about $73,102. Dividend yield changes as share prices or dividend payments change. UBS analyst Amit Mehrotra maintained a Buy rating on Aug. 24 and raised the price target from $121 to $122.

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