The DividendRank system at Dividend Channel ranks a protection universe of hundreds of dividend shares, in accordance with a proprietary system designed to establish these shares that mix two essential traits — robust fundamentals and a valuation that appears cheap. Vontier Corp (Image: VNT) 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 traders.
However making Vontier Corp an much more attention-grabbing and well timed inventory to take a look at, is the truth that in buying and selling on Friday, shares of VNT entered into oversold territory, altering fingers as little as $32.65 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 Vontier Corp, the RSI studying has hit 29.3 — by comparability, the universe of dividend shares lined by Dividend Channel at present has a mean RSI of 48.0. A falling inventory value — all else being equal — creates a greater alternative for dividend traders to seize the next yield. Certainly, VNT’s latest annualized dividend of 0.1/share (at present paid in quarterly installments) works out to an annual yield of 0.30% based mostly upon the latest $33.11 share value.
A bullish investor may have a look at VNT’s 29.3 RSI studying at the moment as an indication that the latest 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 traders ought to examine to resolve if they’re bullish on VNT is its dividend historical past.
Typically, dividends will not be at all times predictable; however, wanting on the historical past chart under might help in judging whether or not the latest dividend is prone to proceed.
Click here to find out what 9 other oversold dividend stocks you need to know about »
Additionally see:
MHD Dividend History
Institutional Holders of KYMR
LULU market cap history
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially replicate these of Nasdaq, Inc.
