Acerinox, S.A. Is Stainless, As In Steel

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's slot in the Safari portfolio is reserved for the basic materials sector.

That sector includes thirteen industries all related to mining or making commodities. Industries include: agricultural inputs, aluminum; building materials, chemicals, coal, copper, gold, industrial metals, lumber & wood, paper, silver, specialty chemicals, and steel. 

Today I'm reviewing a supplier of stainless steel worldwide.

The company's name is Acerinox, S.A. It's trading ticker symbol is ANIOY .

The company manufactures, transforms, and markets stainless steel in many grades and nearly all available forms worldwide.

Acerinox, S.A. was founded in 1979 and headquartered in Madrid, Spain.

I use three primary keys to measure dividend equities or funds like Acerinox, S.A.: 

(1) Price

(2) Dividends

(3) Returns

Besides those three main keys, I'll use four more to finally unlock an equity or fund in which to invest.

These first three keys test whether the company has made, is making, and will continue to make money.


Acerinox, S.A.'s price at Thursday's market close was $7.38 per share. The company has positive momentum. Just a year ago its price was $5.85. That's a gain of $1.53 in the past year. Can ANIOY do as well in the coming year?  If it does, its price will increase from $7.38 to $8.91, or 21% .

ANIOY Dividends

The company's most recent variable annual dividend was $0.2547 declared in June and payed July 20th.  

Per Thursday's closing price of $7.38 per share, the annual yield from $0.2547 was 3.45%.

The previous annual dividend was paid in 2013. Acerinox has a spotty dividend history.

Are Gains Ahead For ANIOY?

Adding the dividend of $0.2547 to the $1.53 potential upside from a repeat of 2017's price performance projects a possible $1.78 gross gain.  

Net gains for ANIOY depend on how many shares are bought. A $1,000.00 budget to buy shares at ANIOY's last $7.38 closing price would let us purchase 136 shares. 

Those 136 shares will be hit with a broker fee of about $5 at purchase and another $5 at sale (for a total of $10 to get any gains). Each share then has a brokerage cost of about $0.0735

Subtracting the $0.0735 brokerage cost from the estimated $1.78 gross gain shows a net gain to 2019 of $1.71

X 136 shares 

= $232.56

or about a 21% net on our $1,003.68 investment.

Therefore, Acerinox, S.A. (whose ticker symbol is ANIOY), shows a possible 23% gain by my simple year over year calculation and included in the take is a 3.5% annual dividend yield.

These forward-looking numbers are conjecture based on past year performance. The actual results remain to be seen. They could turn out to move lower. More study is required for you to determine if Acerinox S.A. is worth your time and money.

For more information and to get a two-week free sample of my stock portfolios just click on this link. Click on that link and ...

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