Marvell Technology, Inc. MRVL is expected to release its second quarter results on Thursday, August 29, after the market closes.

Analysts expect the Wilmington, Delaware-based company to report quarterly earnings of 30 cents per share, compared with 33 cents per share in the year-ago period. Marvell Technology is expected to report revenue of $1.25 billion, according to data compiled by Benzinga Pro.

On August 22, Rosenblatt analyst Hans Mosesmann maintained a buy rating and a price target of $100 for Marvell Tech.

Given the recent excitement surrounding Marvell Technology, some investors may be eyeing potential gains from the company’s dividends. Currently, Marvell Technology has a dividend yield of 0.4%. That equates to a quarterly dividend of 6 cents per share (24 cents per year).

To figure out how to make $500 a month with Marvell Technology, let’s start with an annual goal of $6,000 ($500 x 12 months).

Next, we take that amount and divide it by Marvell Technology’s dividend of $0.24: $6,000 / $0.24 = 25,000 shares

So an investor would need to own about $1.711 million worth of Marvell Technology, or 25,000 shares, to earn a monthly dividend income of $500.

With a more conservative goal of $100 monthly ($1,200 annually), we do the same calculation: $1,200 / $0.24 = 5,000 shares or $342,200 to generate $100 in monthly dividend income.

Note that the dividend yield can change continuously as both the dividend payment and the share price fluctuate over time.

The dividend yield is calculated by dividing the annual dividend payment by the current share price. When the share price changes, the dividend yield also changes.

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

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

In addition, the dividend payment itself can change over time, which can also affect the dividend yield. If a company increases its dividend payment, the dividend yield will increase even if the share price remains the same. If a company decreases its dividend payment, the dividend yield will decrease.

MRVL price promotion: Marvell Technology shares fell 1.8% to close at $68.44 on Wednesday.

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