Summary Report: Alliance Bernstein
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Alliance Bernstein (AB) was founded in 1967 and is based in Nashville, Tennessee.
The firm manages separate client-focused portfolios for its clients.
The firm primarily invests in common and preferred stocks, warrants and convertible securities, government and corporate fixed-income securities, commodities, currencies, real estate-related assets, and inflation-protected securities.
Three key data points gauge AB or any dividend-paying entity, namely:
(1) Price
(2) Dividends
(3) Returns
Those keys also indicate if any company has made, is making, and will make money.
AB Price
Alliance Bernstein's price varied from $32.88 to $43.30 over the past year.
As of Friday, the price settled at $40.45 per share.
Seven analysts cover the stock, and the median of their obeyer price targets predicts AB's stock price growing from $40.45 to $41.10 over the coming year.
AB Dividends
Alliance Bernstein has paid quarterly dividends since February 2000.
The current forward-looking annual dividend of $3.04 yields 4.5% per Friday’s $40.55 closing price.
AB Returns
Putting it all together, a $3.59 estimated gross gain per share shows up when adding AB’s annual $3.04 dividend to an estimated $0.55 annual price gain.
A little under $1000 invested at the recent $6.29 share price would buy almost 25 shares which, multiply the $3.59 gross gain to an estimated $88.53 for the coming year.
Furthermore, most of that $88.50 gain comes from the $75.00 in annual dividends generated from a $1,000 investment.
Besides, the $75.00 annual total dividend from your $1k investment is $34.45 greater than the recent $40.55 single-share price.
(A dividend dogcatcher rule is to only buy a stock that pays an annual dividend from $1000 invested that is greater than the cost of a single share.)
Therefore, you may choose to pounce on AB to get that current $75.00 annual dividend income that has been paid out over the past 25 years.
The exact track of AB’s future share price and dividends will entirely be determined by market action and company finances.
Remember, the best way to track stock performance and dividend payments is through direct ownership of company shares.
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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 ...
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