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 – global, a mid-cap stock, Aozora Bank Limited. It’s trading ticker symbol is AOZOY.
Aozora Bank Ltd provides a range of banking services such as deposits, lending, securities investment business, domestic exchange and foreign exchange in North America, Europe, Japan, and Oceania.
The company was formerly known as Nippon Fudosan Bank, Limited and changed its name to Aozora Bank, Ltd. in 2001. Aozora Bank, Ltd. was founded in 1957 and is headquartered in Tokyo, Japan.
Three key data points measure dividend equities or funds like Aozora Bank Ltd:
(1) Price
(2) Dividends
(3) Returns
After those three, four more keys will unlock an equity or fund in which to invest.
Those first three primary keys, however, best tell whether a company has made, is making, and will make money.
AOZOY Price
Aozora Bank’s price at yesterday’s market close was $10.22 per share. A year ago its price was $9.26. That is a gain of $0.96 per share in the past year.
Assuming Aozora Bank’s price gains at the same pace this year, its price would grow from $10.22 to $11.18 by March 2019.
AOZOY Dividends
Aozora Bank’s most recent quarterly dividend was $0.71 declared in December 2017 and paid in December 2018
The Aozora Bank annual dividend for 2018 is estimated at $2.84 to be paid in four quarterly installments in April, July, September, and December.
The yield from that $2.84 annual dividend is 27.8% at yesterday’s $10.22 share price.
Gains For AZOZY?
Adding the $2.84 annual dividend to the $0.96 estimated price gain makes a $4.80 projected gross annual gain, which will absorb the cost to trade those shares.
$1,000.00 invested at yesterday’s $10.22 price bought 98 shares.
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