Accenture investors need $162,950 for $500 monthly dividend income

  • Accenture will release its fourth-quarter earnings report before the Oct. 1 opening bell.
  • Accenture pays $6.52 annually per share, requiring 920 shares for $500 monthly income.
  • Accenture shares closed at $177.12 after gaining 1.5% on Tuesday.

Accenture plc will release its fourth-quarter earnings report before the opening bell on Thursday, Oct. 1. The company currently has an annual dividend yield of 3.68% and pays a quarterly dividend of $1.63 per share, or $6.52 annually. At that annual rate, an investor would need about 920 shares, worth approximately $162,950, to target $6,000 in yearly dividend income, equivalent to $500 monthly. A $100 monthly target would require $1,200 annually, or about 184 shares valued at approximately $32,590. Dividend yield changes as the stock price or dividend payment changes. Accenture shares gained 1.5% to close at $177.12 on Tuesday. Analysts expect adjusted quarterly earnings of $3.18 per share, compared with $3.03 a year earlier, and revenue of $18.04 billion, versus $17.6 billion last year. Susquehanna analyst James Friedman maintained a Neutral rating on Monday and raised his price target from $140 to $153.

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Accenture investors need $162,950 for $500 monthly dividend income - CoinPost Terminal