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Goldman Sachs Group, Inc (NYSE: GS ) will release earnings for its fourth quarter, before the opening bell on Wednesday, Jan. 15.

Analysts expect the New York-based investment bank to report quarterly earnings at $8.35 per share. That’s up from $5.48 per share in the year-ago period. Goldman Sachs expects quarterly revenue of $12.42 billion, compared to $11.32 billion a year earlier, according to Benzinga Pro .

On Monday, Barclays analyst Jason Goldberg maintained Goldman Sachs with an Overweight. He also raised the price target from $588 to $713.

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 offers an annual dividend yield of 2.07%, which is a quarterly dividend amount of $3.00 per share ($12.00 a year).

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

Next, we take this amount and divide it by Goldman Sachs $12.00 dividend: $6,000 / $12.00 = 500 shares.

So, an investor would need to own approximately $290,060 worth of Goldman Sachs, or 500 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 / $12.00 = 100 shares, or $58,012 to generate a monthly dividend income of $100.

View more earnings on GS

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.

Price Action : Shares of Goldman Sachs fell by 0.6% to close at $580.12 on Tuesday.

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