Analysts expect the company to report quarterly earnings of 37 cents per share, up from 35 cents per share in the year-ago period. The consensus estimate for CAL’s quarterly revenue is $702.5 million. It reported $658.52 million last year, according to Benzinga Pro.
On June 4, Caleres posted better-than-expected first-quarter earnings and raised FY2026 earnings guidance.
With the recent buzz around Caleres, some investors may be eyeing potential gains from the company’s dividends too. As of now, Caleres has an annual dividend yield of 2.31%, with a quarterly dividend of 7 cents per share (28 cents per year).
So, how can investors use its dividend yield to pocket a regular $500 per month?
To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $259,505 or around 21,429 shares. For a more modest $100 per month or $1,200 per year, you would need $51,903 or around 4,286 shares.
To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($0.28 in this case). So, $6,000 / $0.28 = 21,429 ($500 per month), and $1,200 / $0.28 = 4,286 shares ($100 per month).
Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.
How that works: The dividend yield is computed 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 dividend payments can affect the yield. If a company increases its dividend, its yield will also increase, provided the stock price remains unchanged. Conversely, if the dividend payment decreases, so will the yield.
CAL Price Action: Shares of Caleres fell 1% to close at $12.11 on Thursday.
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