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 Safari portfolio seeks a high yield and price 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.
Today I’m reviewing a diversified industrials firm. It’s a large-cap stock with market capital of over $10 Billion. Atlas Copco AB. Its trading ticker symbol is ATLKY.
Atlas Copco makes and sells air compressors. Besides air compressors, Atlas also offers power tools, drilling and hauling equipment, vacuum pumps, and specialty rental services to supply its diverse customer base.
Atlas Copco AB provides industrial assembly solutions under the SCA, Henrob, and Atlas Copco brand names.
The company was founded in 1873 and is headquartered in Nacka, Sweden.
I use three key data points gauge the value of dividend equities or funds like Atlas Copco AB(ATLKY):
Atlas Copco’s price was $41.99 per share at yesterday’s market close.A year ago its price was $34.89 for a gain of$7.11 per share.
Assuming Atlas Copco’s price trades in the same range of $35 to $48 this year, its price could grow from $41.99 to maybe $49.10 by April, 2019.
Atlas Copco’s most recent semi-annual dividend was $0.87 declared in February, and payable May 9, 2018.
An annual estimated payout from its two semi-annual dividends is $1.73pegging its annual yield at 4.12% at yesterday’s $41.99 share price.
Gains For ATLKY?
Adding the $1.73 annual dividend to the $7.11 estimated year over year price gain makes an $8.84 projected gross annual gain, which is reduced by the cost to trade these shares.