This week my Safari portfolio seeks a high yield and growing stock in the Industrials sector. That sector has twenty-three industries all busy designing, fabricating and servicing things we want and use, from aerospace to waste management and all the business services and equipment required in between.
I review here an industrial distribution firm. It’s a nano-cap stock with market capital under $200 million. Its name is Rocky Mountain Dealerships, Inc. (RCKXF).
Rocky Mountain Dealerships Inc., through subsidiaries, sells, leases and provides product and warranty support for agriculture and industrial equipment in Western Canada and the United States. It offers farming and industrial equipment of various brands, including Case IH Agriculture, Case Construction, New Holland, Bourgault, Seed Hawk, MacDon, and Claas through its store and online.
As of March 13, 2018, the company operated a dealership network of 34 branches under the Rocky Mountain Equipment name, in Alberta, Manitoba, and Saskatchewan. Rocky Mountain Dealerships Inc. was founded in 1949 and is headquartered in Calgary, Canada.
I use three key data points gauge the value of dividend equities or funds like Rocky Mountain Dealerships:
After those three, four more keys will finally unlock an equity or fund in which to invest. However, first these three primary keys best tell whether a company has made, is making, and will make money.
Rocky Mountain’s price was $9.67 per share at yesterday’s market close. A year ago its price was $6.99 for a gain of $2.68 per share. Assuming Rocky Mountain’s price can trade above the range of $6.50 to $11.05 next year, its price could grow another $2.68 from $9.67 to $12.35 by April, 2019.
Rocky Mountain’s most recent quarterly dividend was $0.09 declared in February, and paid March 30, 2018. That quarterly payout pegs its annual amount at $0.36 for a yield of 3.7% at yesterday’s $9.67 share price.