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 is open to a company from the financial services sector.
The Financial Services sector includes twenty industries ranging from Asset Management to 8 kinds of Banks, Credit, Exchanges, 6 kinds of Insurances, Savings, and all such financial concerns.
Today I’m reviewing a bank – regional – Europe, a mid cap stock, Banca Mediolanum S.p.A. Its trading ticker symbol is BNCDY.
Banca Mediolanum provides banking and financial services including Lending (Retail and Commercial Banking), Treasury activities (Trading and Sales), Asset Management, Retail Brokerage, and Insurance products. It operates in Italy, Spain, and Germany.
The company was founded in 1982 and is headquartered in Basiglio, Italy just outside Milan.
Three key data points measure dividend equities or funds like Banca Mediolanum S.p.A. (BNCDY):
Banca Mediolanum’s price at Friday’s market close was $17.66 per share.A year ago its price was $14.20. That is a gain of $3.46 per share in the past year.
Assuming Banca Mediolanum’s price keeps gaining at the same pace. its price will grow from $17.66 to $21.12 in the next year.
Mediolanum’s most recent semi-annual dividend was $0.47 declared in November and paid December 8, 2017.
The Mediolanum annual dividend for 2018 is estimated at $0.95 to be paid in two semi-annual installments May, and December.
The yield from that $0.95 annual dividend is 5.4% at Friday’s $17.66 share price.
Gains For BNCDY?
Adding the $0.95 annual dividend to the $3.46 estimated price gain makes a $4.41 projected gross annual gain, which will absorb the cost to trade those shares.