The DividendRank method at Dividend Channel ranks a protection universe of 1000’s of dividend shares, in response to a proprietary method designed to determine these shares that mix two necessary traits — robust fundamentals and a valuation that appears cheap. Republic Bancorp, Inc. (Image: RBCAA) presently has a stellar rank, within the prime 10% of the protection universe, which suggests it’s among the many prime most “fascinating” concepts that benefit additional analysis by buyers.
However making Republic Bancorp, Inc. an much more fascinating and well timed inventory to have a look at, is the truth that in buying and selling on Monday, shares of RBCAA entered into oversold territory, altering fingers as little as $63.53 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 under 30.
Within the case of Republic Bancorp, Inc., the RSI studying has hit 29.5 — by comparability, the universe of dividend shares coated by Dividend Channel at the moment has a mean RSI of 48.3. A falling inventory value — all else being equal — creates a greater alternative for dividend buyers to seize a better yield. Certainly, RBCAA’s latest annualized dividend of 1.804/share (at the moment paid in quarterly installments) works out to an annual yield of two.76% based mostly upon the latest $65.45 share value.
A bullish investor may have a look at RBCAA’s 29.5 RSI studying as we speak as an indication that the latest heavy promoting is within the strategy of exhausting itself, and start to search for entry level alternatives on the purchase facet. Among the many basic datapoints dividend buyers ought to examine to determine if they’re bullish on RBCAA is its dividend historical past.
Typically, dividends will not be all the time predictable; however, wanting on the historical past chart under may help in judging whether or not the latest dividend is prone to proceed.
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Additionally see:
CHSI Videos
HSR Historical Stock Prices
WRI YTD Return
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
