Daily Stock Analysis: ENGIE Brasil Energia
ENGIE Brasil Energia SA bears the ticker symbol (EGIEY), and this is my first mention of EGIEY for this new Viking Portfolio or any of my previous seven dog of the week folios.
The company was formerly known as Tractebel Energia S.A. and changed its name to Engie Brasil Energia S.A. in July 2016. The company was incorporated in 2005 and is headquartered in Florianópolis, Brazil. Engie Brasil Energia S.A. operates as a subsidiary of ENGIE Brasil Participações Ltd. |
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At Tuesday’s $8.00 closing price, $1000 would buy 125 shares.
A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.08 per share.
Subtract that maybe $0.08 brokerage cost from my estimated $0.94 gross gain makes a net gain of $0.86 X 126 shares = $107.50 or a 10.75% net gain including a 3.00% annual dividend yield.
In the next year our $1K investment in shares of EGIEY might generate $30.00 in cash dividends. Furthermore, a single share of EGIEY at Tuesday’s $8.00 price is near 4 times less than the $30.00 estimated annual dividend income from a $1000.00 investment.
So, by my dogcatcher ideal, this is a proper time to consider EGIEY shares, based on their dividends for 2023. The current dividend from $1K invested is 3.75 times greater than the EGIEY single share price. Consider yourself alerted.
All of the estimates above are speculation based on the past history of investment in shares of ENGIE Brasil Energia SA. Only time and money invested in this stock will determine its future market value.
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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a ...
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