Thor Industries, Inc. ( THO ) will release earnings results for its fiscal 2024 fourth quarter, before the opening bell on Tuesday, Sept. 24.

Analysts expect the company to report quarterly earnings at $4.83 per share, up from $4.55 per share in the year-ago period. The company projects to report revenue of $21.99 billion for the quarter, according to data from Benzinga Pro.

On July 18, Benchmark analyst Michael Albanese initiated coverage on Thor Industries ( THO ) with a Hold rating.

With the recent buzz around Thor Industries ( THO ), some investors may be eyeing potential gains from the company's dividends too. Thor Industries ( THO ) currently offers an annual dividend yield of 1.84%. That’s a quarterly dividend amount of 48 cents per share ($1.92 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 $326,875 or around 3,125 shares. For a more modest $100 per month or $1,200 per year, you would need $65,375 or around 625 shares.

To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($1.92 in this case). So, $6,000 / $1.92 = 3,125 ($500 per month), and $1,200 / $1.92 = 625 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 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.

THO Price Action: Shares of Thor Industries ( THO ) fell 0.6% to close at $104.60 on Wednesday.

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