The DividendRank formulation at Dividend Channel ranks a protection universe of hundreds of dividend shares, in accordance with a proprietary formulation designed to establish these shares that mix two essential traits — robust fundamentals and a valuation that appears cheap. Edgewell Private Care Co (Image: EPC) presently has an above common rank, within the high 50% of the protection universe, which suggests it’s among the many high most “attention-grabbing” concepts that advantage additional analysis by buyers.
However making Edgewell Private Care Co an much more attention-grabbing and well timed inventory to have a look at, is the truth that in buying and selling on Tuesday, shares of EPC entered into oversold territory, altering palms as little as $35.58 per share. We outline oversold territory utilizing the Relative Energy Index, or RSI, which is a technical evaluation indicator used to measure momentum on a scale of zero to 100. A inventory is taken into account to be oversold if the RSI studying falls beneath 30.
Within the case of Edgewell Private Care Co, the RSI studying has hit 26.9 — by comparability, the universe of dividend shares lined by Dividend Channel at present has a mean RSI of 48.4. A falling inventory value — all else being equal — creates a greater alternative for dividend buyers to seize a better yield. Certainly, EPC’s current annualized dividend of 0.6/share (at present paid in quarterly installments) works out to an annual yield of 1.63% based mostly upon the current $36.71 share value.
A bullish investor may take a look at EPC’s 26.9 RSI studying as we speak as an indication that the current heavy promoting is within the means of exhausting itself, and start to search for entry level alternatives on the purchase facet. Among the many elementary datapoints dividend buyers ought to examine to resolve if they’re bullish on EPC is its dividend historical past.
Normally, dividends usually are not all the time predictable; however, trying on the historical past chart beneath can assist in judging whether or not the latest dividend is prone to proceed.
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
