Every New York stock exchange trading day I’m posting a daily dividend stock or fund review. I’ll share the three chief qualities of just one equity or fund that could be selected for a dividend stock portfolio I’ve named the Safari to Sweet Success.
This week my latest portfolio seeks a high-yield and growing stock in the technology sector. That sector includes nineteen industries ranging from communication equipment, computers, consumer electronics, and contract manufacturing, to health and information technology and services to the internet, scientific instruments, software, solar and all such technological enterprises.
Today I’m reviewing a software – application firm. It’s a small-cap stock with market capital of between $200 million and $2 billion. Its name is Magic Software Enterprises Ltd.It’s trading ticker symbol is MGIC.
Magic Software Enterprises Ltd is a software development company. It does application development, business process integration platforms, vertical software solutions and professional services to develop mobile and cloud-based business applications, namely software for business.
It serves oil and gas, telecommunications, financial, healthcare, industrial sectors, as well as public institutions and international agencies.
The company was formerly known as Mashov Software Export (1983) Ltd. and changed its name to Magic Software Enterprises Ltd. in 1991.
Magic Software Enterprises Ltd. was founded in 1983 and is headquartered in Or Yehuda, Israel.
I use three key data points gauge the value of any dividend equity or fund like Magic Software (MGIC):
(1) Price
(2) Dividends
(3) Returns
MGIC Price
Magic Software’s price was $8.11 per share at yesterday’s market close.A year ago its price was $7.55 for a gain of $0.56 per share.
Assuming Magic Software’s price will trade between the range of $7.50 to $9.50 next year, its price could grow another $0.56 from $8.11 to $8.67 by April 2019.
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