The company was founded in 1654 and is headquartered in Oslo, Norway.
Orkla ASA (ORKLY) is a Norwegian industrial investment company focused on brands and consumer-oriented businesses. The company takes a long-term, strategic approach to its investments, creating value through its expertise in brands.
Three key data points gauge ORKLA (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.
ORKLY Price
Orkla’s single share price dropped -$0.16 (or about 1.3%) from 11.46 to $11.30 in the past year, per Thursday’s morning market report.
No analysts cover the stock. However, 3 years of price history show an average $1.31 annual price gain, which I’ll use to calculate returns after I discuss dividends.
ORKLY Dividends
Orkla has paid annual dividends since June, 1998. The most recent A dividend of $0.6459 was paid May 18th (to shareholders on record as of April 27) yielding 5.72% (per Thrusday’s morning market report.}
ORKLY Returns
Putting it all together, as of May 28th, a possible gross gain of $1.96 was projected.
The $1.31 per share annual gain was added to the $0.65 forward looking annual dividend.
A little under $1000 invested in ORKLY at Thursday’s $11.30 opening share price would buy 163 shares which multiply the $0.31 gross gain to $50.41 for the coming year, or 5.04%.
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.
ORKLY’s projected annual dividend from $1K invested is $57.20. So Orkla shows a dividend from $1,000 invested over 5 times its $11.30 single share price as of Thursday morning.
The exact track of ORKLY’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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