How To Earn $500 A Month From Target Stock Ahead Of Q4 Earnings

by | Mar 2, 2026 | General

Target Corporation (NYSE:TGT) will release earnings for its fourth quarter before the opening bell on Tuesday, March 3.

Analysts expect the company to report quarterly earnings of $2.15 per share. That’s down from $2.41 per share in the year-ago period. The consensus estimate for Target quarterly revenue is $30.49 billion (it reported $30.91 billion last year), according to Benzinga Pro.

Ahead of quarterly earnings, Wells Fargo analyst Edward Kelly maintains Target with an Overweight rating. He also raised the price target from $115 to $130.

Some Target investors may be eyeing potential gains from the company’s dividends. As of now, the retailer has an annual dividend yield of 4.01%, which is a quarterly dividend amount of $1.14 per share ($4.56 a year). So, how can investors exploit its dividend yield to pocket a regular $500 monthly?

To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $149,748 or around 1,316 shares. For a more modest $100 per month or $1,200 per year, you would need $29,927 or around 263 shares.

To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($4.56 in this case). So, $6,000 / $4.56 = 1,316 ($500 per month), and $1,200 / $4.56 = 263 shares ($100 per month).

The dividend yield can change on a rolling basis; the dividend payment and the stock price both fluctuate over time.

How that works: Compute the dividend yield by dividing the annual dividend payment by the stock’s current price.

For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.

TGT Price Action: Shares of Target fell 0.9% to close at $113.79 on Friday.

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