ConAgra Brands dividend yield requires $121,365 for $500 monthly income

  • ConAgra Brands will release first-quarter earnings before the Sept. 30 opening bell.
  • $121,365 or approximately 8,571 shares could generate $500 monthly at current dividends.
  • Amy Held became executive vice president and chief administrative officer on Aug. 4.

ConAgra Brands, Inc. will report first-quarter earnings before the opening bell on Wednesday, Sept. 30, as recent attention around the company puts its dividend in focus. The company currently offers a 4.94% annual dividend yield, paying 17.5 cents per share quarterly, or 70 cents annually. At that payout, an investor would need about $121,365, or roughly 8,571 shares, to generate $500 per month, while $24,270, or about 1,714 shares, would produce $100 monthly. Dividend yield (annual dividend income relative to share price) changes as the stock price or dividend payment moves. ConAgra shares fell 1.1% to $14.16 on Monday. Analysts expect quarterly earnings of 28 cents per share, down from 39 cents a year earlier, and revenue of $2.59 billion, compared with $2.63 billion last year, according to Benzinga Pro. On Aug. 4, Conagra Brands named Amy Held executive vice president and chief administrative officer.

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