Here’s How You Can Earn $100 In Passive Income By Investing In Gilead Sciences Stock
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Gilead Sciences, Inc. (NASDAQ:GILD), a biopharmaceutical company, discovers, develops and commercializes medicines to address unmet medical needs in the United States, Europe and internationally.
It will report its Q4 2024 earnings on Feb. 11, 2025. Wall Street analysts expect the company to post an EPS of $1.55, down from $1.72 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $7.14 billion, slightly up from $7.12 billion in the year-ago period.
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The 52-week range of Gilead Sciences stock price was $62.07 to $98.90.
Gilead Sciences’ dividend yield is 3.38%. During the last 12 months, it paid $3.08 per share in dividends.
On Nov. 6, the company announced its Q3 2024 earnings, posting an adjusted EPS of $2.02, compared to the consensus estimate of $1.55 and revenues of $7.54 billion, compared to the consensus of $7 billion, as reported by Benzinga.
“Gilead’s third-quarter results are the strongest of the year to date, with 7% year-over-year revenue growth, including 13% year-over-year growth for Biktarvy. Based on this very strong topline growth and disciplined operating expense management, we are increasing our full-year revenue, operating income and earnings per share guidance,” said Daniel O’Day, Gilead’s Chairman and Chief Executive Officer.
The company now expects full-year product sales in the range of $27.8-$28.1 billion, compared to the prior guidance of $27.1-$27.5 billion.
Check out this article by Benzinga, which analyzes Gilead Sciences’s short interest.
If you want to make $100 per month – $1,200 annually – from Gilead Sciences dividends, your investment value needs to be approximately $35,503, which is around 390 shares at $91.09 each.
Understanding dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (3.38% in this case). So, $1,200 / 0.0338 = $35,503 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.
The dividend yield can change over time due to fluctuating stock prices and dividend payments on a rolling basis.
For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Gilead Sciences stock an attractive option for making a steady income of $100 per month by owning 390 shares of stock. There may be more upside as investors benefit from the company’s consistent dividend hikes. Gilead Sciences has raised its dividend consecutively for the last nine years.
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