The Kraft Heinz Company (NASDAQ:KHC) will release earnings for its first quarter before the opening bell on Wednesday, May 6.

Analysts expect the company to report quarterly earnings of 50 cents per share, down from 62 cents per share in the year-ago period. The consensus estimate for Kraft Heinz's quarterly revenue is $5.88 billion (it reported $6 billion last year), according to Benzinga Pro.

Ahead of quarterly earnings, BTIG analyst Rob Dickerson, on April 14, initiated coverage on Kraft Heinz with a Neutral rating.

With the recent buzz around Kraft Heinz, some investors may be eyeing potential gains from the company's dividends too. As of now, Kraft Heinz has an annual dividend yield of 7.14%, with a quarterly dividend of 40 cents per share ($1.60 per year).  

So, how can investors exploit its dividend yield ...