Image Source: Pixabay

Canon Inc (CAJPY) was founded in 1933 and is headquartered in Tokyo.

The company manufactures and sells office multifunction devices (MFDs), laser and inkjet printers, cameras, medical equipment, and lithography equipment in Japan, the Americas, Europe, and Asia and Oceania.

Three key data points gauge Canon 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.

CAJPY Price

Canon’s share price fell about 2.5% in the past year from $27.88 to $27.16 as of Monday’s closing price.

CAJPY Dividends

Canon has paid variable semi-annual dividends since April, 1987.

The current forward looking annual dividend of $1.07 yields 3.94% per Monday’s $27.16 closing price.

CAJPY Returns

Putting it all together, a $5.91 estimated gross gain per share shows up when adding Canon Inc’s annual $1.07 dividend to an estimated $4.84 annual price gain. 

That analyst estimated one year target price, plus the dividend, makes the $5.91 gross gain.

A little over $1000 invested at the recent $27.16 share price would buy 37 shares, which multiply the $5.91 gross gain estimate up to $216.83.

Furthermore, over 18% of that $217.00 gain comes from the $39.40 in annual dividends generated from your $1,000 investment.

Besides, the $39.40 annual dividend amounts to near 1.5 times the recent $27.16 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 Canon Inc and its 3.94% dividend yield along with its 38 year dividend record.

The exact track of CAJPY’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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