Investors would need approximately $123,881 invested in Paychex shares to generate $500 per month in dividend income, based on the company's current annual dividend yield of 4.85%. Paychex pays a quarterly dividend of $1.19 per share, or $4.76 annually, and the required investment equates to about 1,261 shares. For a more modest target of $100 per month, an investment of roughly $24,756, or 252 shares, would be needed. The calculation divides the desired annual income by the annual dividend per share. Paychex is set to report fourth-quarter earnings before the opening bell on Wednesday, June 24, with analysts expecting earnings of $1.31 per share on revenue of $1.61 billion.
Paychex IncArticle calculates dividend income based on current yield and mentions upcoming earnings report, but no news about dividend change or earnings results.