E Daily Stock Pick: Meredith Corporation

MDP Price

Meredith's price per share closed at $34.53 yesterday. A year ago its price was $58.22. So, in the past year, its price fell  $23.67, or 44.5%.

Assuming Meredith's stock trades in a range of $30 to $45 this next year, it's recent $34.53 price could rise by $5.47 to reach $40.00 by early-December, 2020, assuming upward price momentum returns.

MDP Dividends

Meredith's latest declared quarterly dividend was $0.575, payable December 13th.

That $0.575 Q dividend equates to $2.30 annually and yields 6.66% based on yesterday's $34.53 closing price.

MDP Gains?

Adding the $2.30 annual estimated dividend to my $5.47 estimate of Meredith's price upside shows a $7.77 potential gross gain, per share, which will be reduced by any costs to trade these shares.

Say, for costs, we put a little over $1,000.00 today into Meredith Corp. at its recent $34.54 price, we'd buy 29 shares of MDP.

A $10 broker fee paid half at purchase and half at sale could cost us about $0.34 per share.

Subtract that $0.34 brokerage cost from the estimated $7.77 gross estimated gain per share leaves a net gain of $7.43 X 29 shares = $215.47 or a 21.5% net gain on a $1,001.66 investment.

Therefore, Meredith Corp, whose trading ticker symbol is MDP shows a possible 21.5% net gain including a 6.66% 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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