Bayer AG bears the ticker symbol BAYRY, and this is my second mention of Bayer AG for this new Viking Portfolio. I last talked about Bayer November 18th.
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Bayer AG:
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At Friday’s $15.41 closing price, a little over $1000 would buy 65 shares.
A $10 broker fee (if charged), paid half at purchase and half at sale, might cost us about $0.15 per share.
Subtract that maybe $0.15 brokerage cost from my estimated $2.62 gross gain makes a net gain of $2.47 X 65 shares = $160.55 for a 16% net gain including a 3.41% annual dividend yield.
In the next year our $1K investment in shares of Bayer AG would generate $34.10 in cash dividends. Of course, a single share of BAYRY stock at Friday's $15.41 price is over two times less than the estimated annual dividend income from our $1000.00 investment.
So, by my dogcatcher ideal, this looks like a good time to buy Bayer shares based on their dividends for 2023. The current dividend from $1K invested is 2.21 times greater than the BAYRY single share price. Consider yourself alerted.
All of the estimates above are speculation based on the past history of investment in shares of Bayer AG. Only time and money invested in this stock will determine its future market value.
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