Becton Dickinson and Company (NYSE:BDX) will release earnings for its first quarter before the opening bell on Monday, Feb. 9.

Analysts expect the company to report quarterly earnings of $2.81 per share. That’s down from $3.43 per share in the year-ago period. The consensus estimate for Becton Dickinson's quarterly revenue is $5.15 billion (it reported $5.17 billion last year), according to Benzinga Pro.

According to recent news, Becton Dickinson announced on Jan. 27 a buyback plan of up to 10 million shares. Some investors are now eyeing potential gains from the company's dividends. As of now, the firm has an annual dividend yield of 2.03%, with a quarterly dividend of $1.05 per share ($4.20 per year).  

So, how can investors exploit its dividend yield to pocket a regular $500 monthly?

To earn ...