Every New York stock exchange trading day I’m posting a daily dividend stock 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’s slot in the Safari portfolio is reserved for 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 a global, state-owned bank that provides corporate and retail banking products and services, and carries on treasury operations from more than 23 thousand branches in China. Its name is Agricultural Bank of China Limited. It’s trading ticker symbol is ACGBY.
This bank provides complete banking, financial, and insurance services, except stock trades in China. It was founded in 1951 and headquartered in Beijing, the Peoples Republic of China.
Three keys evaluate dividend stocks like ACGBY:Â
(1) Price
(2) Dividends
(3) Returns
Besides those three main keys, I’ll use four more to finally unlock a stock to invest in. Go to Dividend Dog CatcherDividend Dog Catcherto get the complete insight to those remaining keys.
ACGBY Price
Agricultural Bank of China’s price at Tuesday’s close was $11.74 per share. The stock has positive momentum. Just a year ago its price was $10.04. That’s a gain of $1.70 in the past year. Can ACGBY do as well in the coming year? If it does its price would increase to $13.44, or 14.5% .
ACGBY Dividends
The bank’s most recent annual dividend was $0.6231 declared in June and paid in August. The dividend dropped half a cent the amount paid in August 2016.Â
At Tuesday’s closing price of $11.74 per share the annual yield from $0.6231 showed as 5.31%.
