The company was founded in 1998 and is headquartered in Antioch, TN.
LKQ Corp with the ticker (LKQ) distributes vehicle products and parts to repair, maintain, and accessorize automobiles through the three segments: Wholesale-North America, Europe, and Specialty.
Three key data points gauge LKQ (or any dividend paying entity):
(1) Price
(2) Dividends
(3) Returns
Those three keys also indicate if any company has made, is making, and will make money.
LKQ Price
LKQ’s single share price dropped $11.62 (or about 31%) from $37.35 to $25.73 in the past year, per Thursday’s opening market report.
No analysts cover the stock. However, the LKQ past twenty year price history shows an average $1.05 annual price gain which I’ll use for its annual return; after I discuss dividends.
LKQ Dividends
LKQ has paid quarterly dividends since November 2021. The latest was paid June 4th (to shareholders on record as of May 21st) yielding 4.82% annually (per Thursday’s opening market report.)
LKQ Returns
Putting it all together, as of July 16th, a possible gross gain of $2.25 was projected. The $1.05 per share historic annual gain was added to the $1.20 forward looking annual dividend to make that $2.25 gross gain.
A little over $1000 invested in LKQ at Thursday’s $25.73 opening share price would buy 39 shares which multiply the $1.20 gross gain to $87.45 for the coming year, or about 8.75%.
My dividend dogcatcher rule is to only buy initial shares of a dividend stock that pay an annual dividend (from $1000 invested) that is greater than the cost of one share.
LKQ’s projected annual dividend from $1K invested is $48.20. As LKQ shows an annual dividend from $1,000 invested at a $25.73 price proves to be 1.87 times its recent single share price.
The exact track of LKQ’s future share price and dividend will entirely be determined by market action and company finances.
Remember the best way to track stock performance and dividend payments is through direct ownership of company shares.
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