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 mining, recycling, oilfield, and forest conglomerate. It’s a mid-cap stock, Metso Corporation. Its trading ticker symbol is MXCYY.
Metso Corporation serves the mining, aggregates, recycling, oil, gas, pulp, paper and process industries. It works through three business areas: Minerals Capital, Minerals Services, and Flow Control.
It offers mining equipment and spare parts, including portable plants, pumping solutions, and controls. It also has metal recycling equipment and systems.
Further, the company provides expert, flow control, field, performance, and training services.
Metso Corporation is headquartered in Helsinki, Finland.
I use three key data points gauge the value of dividend equities or funds like Metso Corporation(MXCYY):
(1) Price
(2) Dividends
(3) Returns
MXCYY Price
Metso’s price was $8.01 per share at yesterday’s market close.A year ago its price was $7.89 for a gain of$0.12 per share.
Assuming International’s price trades in the same range of $7.35 to $10.35 this year, its price could grow from $8.00 to maybe $8.15 by April, 2019. Or not.
MXCYY Dividends
Metso’s most recent annual dividend was $0.33 declared in February, and payable April 16, 2018.
The yield from that $0.33 annual dividend is 4.1% at Thursday’s $8.01 share price.
Gains For MXCYY?
Adding the $0.33 annual dividend to the $0.12 estimated year over year price gain makes a $0.45 projected gross annual gain, which is reduced by costs to trade these shares.
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