Image Source: Pixabay
 

Founded by Kiyotaka Furuno in April 1938 and headquartered in Nishinomiya, Japan, Furuno Electric (FNOEF) provides electronic equipment for marine and industrial uses.

It operates through the four segments: (1) Marine Business, (2) Industrial Business, (3) Wireless LAN & Handy Terminal, and (4) Others.

Three key data points gauge FNOEF or any dividend-paying entity, namely:

(1) Price

(2) Dividends

(3) Returns

Those keys also indicate if any company has made, is making, and will make money.

FNOEF Price

Furuno’s share price grew last year at 56% from $9.72 to $15.18 per Monday’s market price.

No analysts cover the stock.

Historically, however, Furuno's price grew 108% from $7.30 in June 2023 to $15.18 this year.

That is a $3.15 average increase per year over those 2.5 years.

FNOEF Dividends

Furuno has paid variable semi-annual dividends since November 2022.

The current forward-looking annual dividend of $1.00 yields 6.59% as of Monday’s share price.

FNOEF Returns

Putting it all together, a $4.15 estimated gross gain per share shows up when adding FNOEF’s annual $1.00 dividend to the historic-estimated $3.15 annual price gain.

A little over $1000 invested at Friday’s $15.18 share price would buy 66 shares which, multiply the $4.15 estimated gross gain to $273.39 for the coming year.

About 24% of that $273 gain comes from the annual $65.90 dividend generated from your $1,000 investment.

Furthermore, the $65.90 annual dividend income from $1,000 invested is over 4.3 times greater than the recent $15.18 single-share price.

(A dividend dogcatcher rule is to only buy initial shares of a stock that pay an annual dividend from $1000 invested that is greater than the cost of a single share.)

4.3 is greater than 1.

Therefore, you could choose to pounce on Furuno Electric Co with its dividend payout of about 4.3 times the single share price.

The exact track of FNOEF’s future share price and dividends 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.

More By This Author:

Current Report: Aano Corporation
Stock Analysis: Yiren Digital
Current Report: X Financial