How To Earn $500 A Month From Signet Jewelers Stock Ahead Of Q2 Earnings

Signet Jewelers Limited (NYSE:SIG) will release earnings results for the second quarter, before the opening bell on Tuesday, Sept. 2.

Analysts expect the diamond jewelry retailer to report quarterly earnings at $1.24 per share, down from $1.25 per share in the year-ago period. Signet Jewelers projects to report quarterly revenue of $1.5 billion, compared to $1.49 billion a year earlier, according to data from Benzinga Pro.

Some investors may be eyeing potential gains from Signet's dividends. Currently, the company offers an annual dividend yield of 1.42%, which is a semi-annual dividend amount of 32 cents per share ($1.28 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 ...