FMC Corporation (NYSE:FMC) is expected to release earnings results for its first quarter, after the closing bell on May 6.

Analysts expect the company to report quarterly earnings at 33 cents per share, down from $1.77 per share in the year-ago period. FMC is projected to post revenue of $1.01 billion, compared to $1.34 billion a year earlier, according to data from Benzinga Pro.

On April 30, FMC said its board of directors declared a regular quarterly dividend of 58 cents per share.

With the recent buzz around FMC, some investors may be eyeing potential gains from the company's dividends. As of now, FMC has a dividend yield of 3.75%, which is a quarterly dividend amount of 58 cents a share ($2.32 a year).

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

Next, we take this amount and divide it by FMC's $2.32 dividend: $6,000 / $2.32 = 2,586 shares

So, an investor would need to own approximately $159,944 worth of FMC, or 2,586 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 / $2.32 = 517 shares, or $31,976 to generate a monthly dividend income of $100.

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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.

FMC Price Action: Shares of FMC rose 2.2% to close at $61.85 on Friday.

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