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Canon Inc. known by the ticker symbol (CAJ), is a large-cap computer equipment manufacturer, operating in the technology business sector. This is my first report on CAJ for this Viital portfolio or any of my previous six portfolios.

Canon designs, manufactures, and distributes an extensive range of consumer and electronic products, including copiers, cameras, lenses, and inkjet printers. 

The company operates four major business segments: (1) office,  (2) imaging systems, (3) medical systems, and industry and (4) others. Its global customer base and domestically concentrated operations create inherent currency exposure, which can cause performance to fluctuate. 

Canon's headquarters and 28 of its 46 manufacturing plants are in Japan, but nearly 80% of revenue is delivered from international markets. The firm has been expanding into new geographies and markets to mitigate this exposure.

It sells its products under the Canon brand through subsidiaries or independent distributors to dealers and retail outlets, as well as directly to end-users globally. 

Canon Inc. was founded in 1933 and is headquartered in Tokyo, Japan.

Three key data points gauge any dividend equity or fund such as Canon Inc:

(1) Price

(2) Dividends

(3) Returns

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

CAJ Price

Canon's price per share was $23.92 as of yesterday's market close. One year ago its price was $22.88. Therefore, CAJ's share price rose $1.04 or a little over 4.5% in the past year. 

If Canon's stock trades in the range of $20.00 to $30.00 this next year, its recent $23.92 share price might rise by $4.08 to reach $28.00 by April 6, 2023. My $4.18 upside estimate is $0.18 below the median of target price estimate the analyst covering CAJ for her brokerage firm. 

CAJ Dividends 

Canon's most recent semi-annual dividend of $0.41 was paid September 3rd to shareholders on record as of June 28rd.  A dividend for 2022 has not yet been declared by canon.  Assuming the same  Annul rate holds true in the coming year, the annual dividend payout per share yields 3.15% at yesterday's $23.92 closing price. 

CAJ has paid variable semi-annual payouts since April, 2018 That stretch marks 4 years this month. 

CAJ Returns

Adding the $0.78 Canon Inc  annual dividend to the estimated one-year price upside of $4.08 shows a $4.96 potential gross gain, per share, to be reduced by any costs to trade CAJ shares.  

At yesterday's $23.92 price per share, a little over $1000 would buy 42 shares.

A $10 broker fee (if charged) would be paid half at purchase and half at sale and might cost us about $0.24 per share.

Subtract that maybe $0.24 brokerage cost from my estimated $4.96 gross gain estimate per share results in a net gain of $4.72 X 42 shares = $198.24 for a 19.82% net gain on a $1,004.64 investment.

So it is that Canon Inc (CAJ): shows a possible 19.8% net gain including a 3.15% forward looking dividend yield. 

Over the next year at this time our $1000 investment in Canon Inc might generate $31.50 in cash dividends alone. Note that a single share of CAJ stock bought at yesterday's price of $23.92 is $7.78 less than the anticipated dividend income from our $1000.00 invested. So, by my dogcatcher ideal, now may be the time to buy Canon Inc shares. The estimated next-year dividend from $1K invested is  $7.78 greater than yesterday's single share price. Consider yourself alerted. It's a sign! 

All of the estimates above are speculation based on the past history of Canon Inc (CAJ). Only time and money invested in this stock will determine its market value.