Current Report: Manila Electric
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Founded in 1903 and is headquartered in Pasig, the Philippines, Manila Electric Company (MAEOY) holds a congressional franchise to construct, operate, and maintain an electric distribution system in the Philippines.
It operates in Power and Other Services segments and engages in engineering, construction, and consulting services; information technology and multi-media services; insurance; engineering, construction, and maintenance of mass transit system; operates and maintains transport service networks; and other infrastucture throughout the Philippines.
Three key data points gauge Manila 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.
MAEOY Price
Manilla share price fell .01% from $17.58 to $17.55 over the past year per Wednesday’s market price.
No analysts cover the stock.
However, the average annual price gain in Manilla shares was $1.12 over the past five years.
MAEOY Dividends
Manilla has paid semi-annual dividends since May 23, 2014.
The current forward looking annual $0.78 dividend yields 4.44% per Wednesday’s $17.55 share price.
The next $0.39 quarterly dividend will pay out October 7th to Shareholders of record August 27th.
MAEOY Returns
Putting it all together, a $2.17 estimated gross gain per share shows up when adding Manilla’s annual $0.78 dividend to just a portion the estimated $1.12 annual price gain projected by 15 analysts, amounting to $1.05.
A little over $1000 invested at the recent $17.55 share price would buy 57 shares which, multiply the $2.17 estimated gross gain to $104.27 for the coming year.
About 43% of that $104 gain comes from the $44.40 of annual dividends generated from your $1,000 investment.
Besides, the $44.40 annual dividend income from your $1k investment is over 2.5 times greater than the recent $17.55 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.)
Therefore, you may choose to pounce on Manilla Electric Co to get that current $44.40 annual dividend income that has been paid out over the past 11 years.
The exact track of Manilla’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.
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Disclosure: This article was compiled by Rydlun & Co., LLC from data derived from www.ycharts. com; www.finance.yahoo.com; analyst median target price by ...
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