Agilent Technologies, Inc. (NYSE:A) will release earnings results for the fourth quarter, after the closing bell, on Monday, Nov. 25.

Analysts expect the Santa Clara, California-based company to report quarterly earnings at $1.41 per share. That's up from $1.38 per share in the year-ago period. Agilent projects to report quarterly revenue of $1.67 billion, compared to $1.69 billion a year earlier, according to data from Benzinga Pro.

On Oct. 1, Evercore ISI Group analyst Vijay Kumar maintained Agilent with an In-Line rating and raised the price target from $135 to $145.

Some investors may be eyeing potential gains from the company's dividends, too. Agilent currently offers an annual dividend yield of 0.75%. That's a quarterly dividend of 24.8 cents per share (99.2 cents a year).

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

Next, we take this amount and divide it by Agilent's $0.992 dividend: $6,000 / $0.992 = 6,048 shares.

So, an investor would need to own approximately $798,699 worth of Agilent, or 6,048 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 / $0.992 = 1,210 shares, or $159,793 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.

A Price Action: Shares of Agilent gained by 2.7% to close at $132.06 on Thursday.

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