How Much Would It Take To Earn $100 A Month From Atmos Energy Stock
Atmos Energy Corporation (NYSE:ATO) is the largest publicly traded, fully regulated, pure-play natural gas utility in the United States, serving more than three million customers in Texas, Colorado, Kansas, Kentucky, Louisiana, Mississippi, Tennessee, and Virginia.
The company will report its Q4 2024 earnings on November 6. Wall Street analysts expect the company to post an EPS of $0.79, down from $0.80 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $783.50 million, up from $587.64 million in the year-ago period.
The 52-week range of Atmos Energy’s stock price was $101 to $132.24.
Atmos Energy's stock dividend yield is 2.49%. During the last 12 months, it paid $3.26 per share in dividends.
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The Latest On Atmos Energy
On Aug. 7, Atmos Energy reported its Q3 2024 earnings, posting revenues of $701.55 million, missing the consensus estimate of $874 million, and an EPS of $1.08, above the consensus of $1.07.
“Our third quarter results reflect the dedication, focus and effort of all 5,000 employees to execute our strategy and safely provide natural gas service to over three million customers in 1,400 communities,” said Kevin Akers, President and Chief Executive Officer of Atmos Energy.
The company provided its guidance for the full 2024 year, expecting diluted EPS in the range of $6.70-$6.80, compared to $6.10 in 2023.
Following the earnings announcement, several Wall Street analysts adjusted their price targets on the stock. Check out this article by Benzinga, which highlights analysts' perspectives on Atmos Energy during the last three months.
Benzinga highlighted the reasons for adding Atmos Energy to your portfolio in this piece.
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How Can You Earn $100 Per Month As An Atmos Energy Investor?
If you want to make $100 per month –$1,200 annually – from Atmos Energy dividends, your investment value needs to be approximately $48,193, which is 369 shares at $130.74 each.
Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (2.49% in this case). So, $1,200 / 0.0249 = $48,193 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 as a result of 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 Atmos Energy stock an attractive option for making a steady income of $100 per month by owning 369 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Atmos Energy has raised its dividend consecutively for the last 42 years.
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This article How Much Would It Take To Earn $100 A Month From Atmos Energy Stock originally appeared on Benzinga.com
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