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OUTFRONT Media (NYSE:OUT) leverages technology, location and creativity to connect brands with consumers outside of their homes through one of the largest and most diverse sets of billboard, transit and mobile assets in North America. Through its technology platform, OUTFRONT will fundamentally change the ways advertisers engage audiences on-the-go.

It will report its Q3 2024 earnings on November 5. Wall Street analysts expect the company to post an EPS of $0.18, up from $0.09 in the year-ago period. According to Benzinga Pro, quarterly revenue is expected to be $456.63 million, up from $454.80 million in the year-ago period.

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The 52-week range of OUTFRONT Media's price was $9.39 to $19.33.

OUTFRONT Media's dividend yield is 6.46%. It paid $1.19 per share in dividends during the last 12 months.

The Latest On OUTFRONT Media

On Aug. 6, the company announced its Q2 2024 earnings, posting an adjusted EPS of $0.18, compared to the consensus estimate of $0.21 and revenues of $477.30 million, compared to the consensus of $483.60 million, as reported by Benzinga.

“Our U.S. Media business continued to display solid growth during the quarter, with revenue up 4% and Adjusted OIBDA up nearly double that, demonstrating the operating leverage in our business,” said Jeremy Male, Chairman and Chief Executive Officer of OUTFRONT Media. “Also, we were pleased to complete the sale of our Canadian business in June, leaving us with an entirely focused domestic U.S. business.”

Check out this article by Benzinga for five analysts' insights on OUTFRONT Media stock.

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How Can You Earn $100 Per Month As An OUTFRONT Media Investor?

If you want to make $100 per month – $1,200 annually – from OUTFRONT Media dividends, your investment value needs to be approximately $18,576, which is around 1,010 shares at $18.4 each. 

Understanding the dividend yield calculations: When making an estimate, you need two key variables – the desired annual income ($1,200) and the dividend yield (6.46%). So, $1,200 / 0.0646 = $18,576 to generate an income of $100 per month.

You can calculate the dividend yield by dividing the annual dividend payments by the current price of the stock.

The dividend yield can change over time, which is the outcome of fluctuating stock prices and dividend payments on a rolling basis.

For instance, assume a stock that pays $2 as an annual dividend is priced at $50. Its dividend yield would be $2/$50 = 4%. If the stock price rises to $60, the dividend yield drops to 3.33% ($2/$60). A drop in stock price to $40 would increase the dividend yield to 5% ($2/$40).

In summary, income-focused investors may find OUTFRONT Media stock an attractive option for making a steady income of $100 per month by owning 1,010 shares of stock. 

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This article How Much Would It Take To Earn $100 A Month From OUTFRONT Media originally appeared on Benzinga.com