E Daily Stock Pick: Meredith Corp

MDP Price

Meredith's price per share closed at $19.91 yesterday. A year ago their price was $57.28. Thus, in the past year, their market price dropped $37.37 or just over 65.2%.

Assuming Meredith's stock trades in the range of $15 to $35 this next year, its recent $19.91 price might rise by $5.09 to reach $25.00  by March 17, 2021, assuming upward price momentum continues.

MDP Dividends

Meredith's latest declared quarterly dividend was $0.595 paid March 13. That $0.595 Q dividend results in an annual payout of $2.38 per share to yield 11.95% at yesterday's $19.91 share price.

MDP Gains?

Adding the $2.38 annual estimated dividend to my $5.09 estimate of a Meredith Corp price upside shows a $7.47 potential gross gain, per share, which will be reduced by any costs to trade those shares.

Put a little under $1,000.00 today invested in Meredith at its recent $19.91 price, would buy 50 shares of MDP.

A $10 broker fee paid half at purchase and half at sale could cost us  $0.20 per share.

Subtract that $0.20 brokerage cost from my estimated $7.47 gross gain per share results in a net gain of $7.27 X 50 shares = $363.50 or a 36.35% net gain on a $995.50 investment.

Therefore, Meredith Corp, whose trading ticker symbol is MDP shows a possible 36.35% net gain including an 11.95% 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 Meredith Corp is worth your time and money.

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Disclaimer: This article is for informational and educational purposes only and should not be construed to constitute investment advice. Nothing contained herein shall constitute a solicitation, ...

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