A portfolio of stocks I started and named Volio Folio, September 3, holds 52 dividend dogs. Volio is the fifth portfolio I've built (at a one dividend dog per-week pace) since 2014. Five portfolios = V for Volio!

I'm reviewing today the second of five consumer defensive sector stocks striving to be picked to join the Volio folio collection. This would be the fourth pick for Volio!

This consumer defensive sector includes thirteen industries all related to providing conveniently packaged goods we've just gotta have. Industries like: beverages, brewed, soft, or distilled; confections; discount stores; education & training; farm products; food distribution; grocery stores; household & personal products; packaged goods; pharmaceutical retailers; tobacco.

My subject today is a micro-cap packaged foods company named Armanino Foods of Distinction Inc. Their trading ticker symbol is AMNF. I last reported about Armanino on February 5, 2019 and selected it for my Ivy portfolio.

Armanino Foods of Distinction Inc is an international fruit company. Its products are marketed through a network of food brokers and sold to retail, foodservice, club-type stores, and industrial accounts.

The company is primarily engaged in the production and marketing of upscale food products, including primarily frozen pesto sauces, frozen pasta products, cooked and frozen meat, and poultry products.

Geographically business activity of the firm is in the United States and it derives revenue from the sale of these many food products.

The company was founded in 1978 and is headquartered in Hayward, California.

I use three key data points to gauge dividend-paying equities or funds like Armanino Foods of Distinction Inc. (AMNF):

(1) Price

(2) Dividends

(3) Returns

Besides those three, several other keys will finally unlock an equity or fund in which to invest, or not.

Those three basic keys, however, best tell whether a company has made, is making, and will make money.

AMNF Price

Armanino's price per share closed at $3.68 yesterday. A year ago its price was $2.82. In a year its price increased by $0.86 or 30.5%.

Assuming Armanino's stock trades in the range of $3 to $5.00 this next year, Armanino's recent $3.68 price could rise by $0.82 and get to $4.50 by late September, 2020. If the past year momentum continues.

AMNF Dividends

Armanino's latest declared quarterly dividend was $0.025 payable October 25th.

That $0.025 Q payout added to the previous three equates to $0.10 annually and yields 2.72% based on yesterday's $3.68 closing price.

AMNF Gains?

Adding the $0.10 annual estimated dividend to my $0.82 estimate of Armanino's price upside shows a $0.92 potential gross gain, per share, which will be reduced by costs to trade these shares.

Say we put a little over $1,000.00 today into Armanino at its $3.68 recent stock price, we'd buy 272 shares of Armanino Foods of Distinction Inc. (AMNF) shares.

A $10 broker fee paid half at purchase and half at sale will cost us under $0.04 per share.

Subtract that $0.04 brokerage cost from the estimated $0.92 gross estimated gain leaves a net gain of $0.88 X 272 shares = $239.36 or a 23.9% net gain on a $1,000.96 investment.

Therefore, Armanino Foods of Distinction Inc., whose trading ticker symbol is AMNF now shows a possible net gain of 23.9% including a 2.72% dividend yield. It could be more, it could be a little less.

The above speculation is based on past year performance. The actual results remain to be seen to learn if Armanino Foods of Distinction Inc. (AMNF) is worth your time and money.