The Goldman Sachs Group, Inc. (NYSE:GS) will release its third-quarter earnings report before the opening bell on Tuesday, Oct. 13.

Analysts expect the company to report quarterly earnings of $13.51 per share, up from $12.25 per share in the year-ago period. The consensus estimate for Goldman’s quarterly revenue is $16.99 billion. It reported $15.18 billion last year, according to Benzinga Pro.

Ahead of quarterly earnings, TD Cowen analyst R. Scott Siefers initiated coverage of Goldman Sachs on Thursday with a Buy rating and a price target of $1,050.

With the recent buzz around Goldman Sachs, some investors may be eyeing potential gains from the company’s dividends too. As of now, Goldman Sachs has an annual dividend yield of 2.27%, which is a quarterly dividend amount of $5.00 per share ($20.00 a year).  

So, how can investors generate a regular $500 monthly from its dividend yield?

To earn $500 per month or $6,000 annually from dividends alone, you would need an investment of approximately $264,777 or around 300 shares. For a more modest $100 per month or $1,200 per year, you would need $52,955 or around 60 shares.

To calculate: Divide the desired annual income ($6,000 or $1,200) by the dividend ($20.00 in this case). So, $6,000 / $20.00 = 300 shares ($500 per month), and $1,200 / $20.00 = 60 shares ($100 per month).

Note that dividend yield can change on a rolling basis, as the dividend payment and the stock price both fluctuate over time.

How that works: The dividend yield is computed by dividing the annual dividend payment by the stock’s current price.

For example, if a stock pays an annual dividend of $2 and is currently priced at $50, the dividend yield would be 4% ($2/$50). However, if the stock price increases to $60, the dividend yield drops to 3.33% ($2/$60). Conversely, if the stock price falls to $40, the dividend yield rises to 5% ($2/$40).

Similarly, changes in the dividend payment can impact the yield. If a company increases its dividend, the yield will also increase, provided the stock price stays the same. Conversely, if the dividend payment decreases, so will the yield.

GS Price Action: Shares of Goldman Sachs fell 0.5% to close at $882.59 on Thursday.

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