A portfolio of stocks I've been building since September 3 is named Volio Folio. It will eventually hold 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!
Today I'm reviewing the fifth of five technology stocks striving to be picked to join the Volio folio. This could be the eighth pick for Volio!
That technology sector has nineteen industries ranging from communication equipment, computers, consumer electronics, and contract manufacturing, to health, information technology and services, to internet, scientific instruments, software, solar, and all such techno-marvels.
My subject today is a large cap electronic components company, Corning Inc. Their trading ticker symbol is GLW. This is my first report on GLW.
Corning is a leading supplier of advanced glass substrates used in LCDs, optical fiber, ceramic substrates, and a variety of other materials science products.
Corning operates in five segments: display technologies, optical communications, environmental technologies, specialty materials, and life sciences. Although headquartered in New York, the company’s operations and geographic reach span the globe, with most of Corning’s revenue generated in Asia-Pacific.
The company was formerly known as Corning Glass Works and changed its name to Corning Incorporated in April 1989. Corning Incorporated was founded in 1851 and is headquartered in Corning, New York.
I use three key data points to gauge dividend-paying equities or funds like Corning Inc. (GLW):
(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.
GKW Price
Corning's price per share closed at $29.79 yesterday. A year ago its price was $31.45. In the past year, its price fell $1.66 or 5.28%.
Assuming Corning's stock trades in the range of $25.00 to $35.00 this next year, it's recent $19.79 price could rise by $1.21 and get to $31.00 by mid-October, 2020, assuming more upward price momentum continues.
GLW Dividends
Corning's latest declared quarterly dividend was $0.115, paid August 15th.
That $0.20 Q dividend equates to $0.80 annually and yields 2.69% based on yesterday's $29.79 closing price.
GLW Gains?
Adding the $0.80 annual estimated dividend to my $1.21 estimate of GLW's price upside shows a $2.01 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 Corning Inc. at its recent $29.79 price, we'd buy 34 shares of GLW.
A $10 broker fee paid half at purchase and half at sale could cost us about $0.29 per share.
Subtract that $0.29 brokerage cost from the estimated $2.01 gross estimated gain leaves a net gain of $1.81 X 34 shares = $43.44 or a 4.3% net gain on a $1,012.86 investment.
Therefore, Corning Inc, whose trading ticker symbol is GLW shows a possible 4.3% net gain including a 2.69% dividend yield. It could be more, it could be less.
The above speculation is based on past year performance. The actual results remain to be seen to learn if Corning Inc. (GLW) is worth your time and money.
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