Marvell Technology, Inc. (NASDAQ:MRVL) will release earnings results for the third quarter, after the closing bell, on Tuesday, Dec. 3.

Analysts expect the Wilmington, Delaware-based company to report quarterly earnings at 41 cents per share. Marvell projects to report quarterly revenue of $1.46 billion. That's more than the $1.42 billion it reported a year earlier, according to data from Benzinga Pro.

On Nov. 27, Susquehanna analyst Christopher Rolland maintained Marvell Tech with a Positive rating and raised the price target from $95 to $110.

With the recent buzz around Marvell ahead of quarterly earnings, some investors may be eyeing potential gains from the company's dividends, too. Marvell currently offers an annual dividend yield of 0.26%. That's a quarterly dividend amount of 6 cents per share (24 cents a year).

To figure out how to earn $500 monthly from Marvell, we start with the yearly target of $6,000 ($500 x 12 months).

Take that amount and divide it by Marvell's 24-cent dividend: $6,000 / $0.24 = 25,000 shares.

So, an investor would need to own approximately $2,317,250 worth of Marvell Technology, or 25,000 shares to generate a monthly dividend income of $500.

Assuming a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $0.24 = 5,000 shares, or $463,450 to generate a monthly dividend income of $100.

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

The dividend yield is calculated by dividing the annual dividend payment by the current stock price. As the stock price changes, the dividend yield will also change.

For example, if a stock pays an annual dividend of $2 and its current price is $50, its dividend yield would be 4%. However, if the stock price increases to $60, the dividend yield would decrease to 3.33% ($2/$60).

Conversely, if the stock price decreases to $40, the dividend yield would increase to 5% ($2/$40).

Further, the dividend payment itself can also change over time, which can also impact the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the stock price remains the same. Similarly, if a company decreases its dividend payment, the dividend yield will decrease.

Price Action: Marvell shares gained by 2.9% to close at $92.69 on Friday.

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