E Daily Stock Pick: Ping An Insurance

PNGAY Dividends

Ping An's last declared semi-annual dividend was $0.2136 paid on October 21st. That $0.2136 SA dividend resulted in an annual payout of $0.54 to yield 2.8% at yesterday's $19.36 share price.

PNGAY Gains?

Adding the $0.54 annual estimated dividend to my $2.31 estimate of  Ping An Insurance (Group) Co. of China Ltd price upside shows a $2.85 potential gross gain, per share, which will be reduced by any costs to trade those shares.

If we put a little over $1,000.00 today in Ping An Insurance (Group) Co. of China Ltd at its recent $19.36  share price, we'd buy 52 shares of PNGAY.

A $10 broker fee paid half at purchase and half at sale could cost us  $0.19 per share.

Subtract that $0.19 brokerage cost from my estimated $3.85 gross gain per share results in a net gain of $3.66 X 52 shares = $190.32 or a 19.00% net gain on a $1,006.72 investment.

Therefore, Ping An Insurance (Group) Co. of China Ltd, whose trading ticker symbol is PNGAY shows a possible 19.00% net gain including a 2.8% dividend yield. It could be more, it could be less.    

The above speculation is based on past performance and supposition. Only time and money invested will tell if Ping An Insurance (Group) Co. of China Ltd 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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