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 has an opening for a company in the financial services sector.
That sector includes nineteen industries all related to managing money. Industries include: asset management; banks either global or from any of seven regions, capital markets, credit services, financial exchanges, insurance in six specializations, savings banks, and specialty finance.
Today I’m reviewing an asset management firm named Oaktree Capital Group, LLC, its trading ticker symbol is OAK.Â
OAK invests in distressed debt, corporate debt, control investing, convertible securities, real estate and listed equities.
The company pursues these strategies through closed-end, open-end, and evergreen funds. Oaktree Capital Group, LLC was founded in 1995 and is headquartered in Los Angeles, California.
I use three primary keys to measure dividend funds or equities like Oaktree Capital Group, LLC(OAK):Â
(1) Price
(2) Dividends
(3) Returns
OAK Price
OAK’s price at yesterday’s market close was $45.85 per share, which is $15.45 over the $30 limit set for my Safari portfolio. The fund has provided income and price appreciation got investors. A year ago its price was $43.40. Meaning it’s price is up $2.55 in the past year.Â
If OAK does the same in the coming year its price will increase from that $45.85 to $48.40 per share or about 5.5%.
OAK Dividends
OAK’s most recent quarterly distribution was $0.76 per share declared February 5 and to be paid out February 23rd. Â
The annual dividend projected for 2018 is estimated at $3.34 per share payable monthly at a variable rate ranging from $0.51 to $1.31 per quarter in February. May, August, and November.
