Here's How You Can Earn $100 In Passive Income By Investing In Equinix Stock
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Equinix, Inc. (NASDAQ:EQIX) operates 260 data centers in 71 markets worldwide. The firm has over 10,000 customers including 2,100 network providers dispersed across five verticals: cloud and IT services, content providers, network and mobile services, financial services and enterprise. About 70% of Equinix’s revenue comes from renting space to tenants and related services and more than 15% comes from interconnection. Equinix operates as a real estate investment trust.
Equinix will report its Q3 2024 earnings on October 23. Wall Street analysts expect the company to post an EPS of $8.71, up from $8.19 in the year-ago period. According to data from Benzinga Pro, quarterly revenue is expected to be $2.20 billion, up from $2.06 billion in the year-ago period.
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The 52-week range of Equinix’s stock price was $677.80 to $914.93.
Equinix stock dividend yield is 1.92%. During the last 12 months, it paid $17.04 per share in dividends.
The Latest On Equinix
On Aug. 7, Equinix reported its Q2 2024 earnings, posting an AFFO of $9.22, beating the consensus estimate of $8.86. Revenues were $2.16 billion compared to the consensus of $2.159 billion as reported by Benzinga.
Net income increased 45% year over year to $301 million and adjusted EBITDA surpassed the $1 billion quarterly threshold for the first time.
For fiscal 2024, the company expects revenues of $8.692 – $8.772 billion, an increase of 6% – 7% over the previous year. Full-year AFFO is seen at $34.67 – $35.30 per share, an 8% – 10% increase over the previous year.
Here’s how much you would have made owning Equinix stock in the last 10 years.
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How Can You Earn $100 Per Month As An Equinix Investor?
If you want to make $100 per month –$1,200 annually – from Equinix dividends, your investment value needs to be approximately $62,500, which is around 70 shares at $887.58 each.
Understanding the dividend yield calculations: When estimating, you need two key variables – the desired annual income ($1,200) and the dividend yield (1.92% in this case). So, $1,200 / 0.0192 = $62,500 to generate an income of $100 per month.
You can calculate the dividend yield by dividing the annual dividend payments by the stock’s current price.
The dividend yield can change over time due to 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 will have an inverse effect and increase the dividend yield to 5% ($2/$40).
In summary, income-focused investors may find Equinix stock an attractive option for making a steady income of $100 per month by owning 70 shares of stock. There may be more upside as investors benefit from the company's consistent dividend hikes. Equinix has raised its dividend consecutively for the last eight years.
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This article Here's How You Can Earn $100 In Passive Income By Investing In Equinix Stock originally appeared on Benzinga.com