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TM Editor's Note: This article discusses one or more penny stocks and/or microcaps. Such stocks are easily manipulated; do your own careful due diligence.

Nokia Oyj (NOK) was founded in 1865 and is headquartered in Espoo, Finland.

The company provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, the rest of the Asia Pacific, Europe, the Middle East, and Africa.

Further, it licenses intellectual property, including patents, technologies, and the Nokia brand.

The company provides its products and services to communications services, industrial enterprises, governments, digital industries, webscales and hyperscalers, licensees, and the defense sector.

Three key data points gauge Nokia or any dividend-paying entity, namely:

(1) Price

(2) Dividends

(3) Returns

Those keys also show if any company has made, is making, and will make money.

NOK Price

Nokia’s share price increased over 42.5% in the past year from $3.62 to $5.16 as of Tuesday’s closing price.

NOK Dividends

Nokia has paid variable annual dividends since April 1999, but suspended dividends in 2020 and 21. In 2022, the dividend returned in quarterly increments. The current forward-looking annual dividend of $0.18 yields 3.44% per Tuesday’s $5.16  closing price.

NOK Returns

Putting it all together, a $0.87 estimated gross gain per share shows up when adding Nokia’s annual $0.18 dividend to an estimated $0.69  annual price gain estimated by 9 analysts, totaling that $0.87 gross gain.

A little over $1000 invested at the recent $5.16 price would buy 194 shares, which multiplies the $0.87 gross gain total to $168.78.

Furthermore, over 19% of that $179 gain comes from the $34.40 in dividends generated from your $1,000 investment, and the $34.40 annual dividend amounts to nearly 6.7 times the recent $5.16 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 Nokia and its 3.44% dividend yield along with its sporadic 26-year dividend record.

The exact track of Nokia Oyj's future share prices and dividends will be entirely 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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