No volatility is the friend of the trader, not investor. Massive volatility is not good for the dividend investor. And where did I say it wasn't a dividend stock so how does that make me wrong? Personally for my dividend stocks I prefer the share price action of MFG from 10 years ago to 2.5 years ago than from 2.5 years to now. But maybe that's just me.
What is over-paying for a dividend stream? Only hindsight tells you that. For a stable dividend stock, the dividend often drives the share price (equilibrium).
It's not a matter of whether MFG will be spewing dividends for years to come, it's low volatility that guarantees return on investment that interests dividend-inclined investors. Last couple of years it's been acting like a speculative stock.
Saying all that, if it can maintain the cents per share in dividends, its current shareprice looks like good value. A drop from $50 to $18 in a short time has to make you wonder what the general market doesn't know.
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Last
$10.72 |
Change
-0.015(0.14%) |
Mkt cap ! $1.934B |
Open | High | Low | Value | Volume |
$10.74 | $10.86 | $10.53 | $5.306M | 496.6K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
12 | 937 | $10.71 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$10.72 | 452 | 10 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
14 | 1134 | 10.710 |
11 | 2610 | 10.700 |
9 | 1860 | 10.690 |
7 | 1167 | 10.680 |
4 | 1006 | 10.670 |
Price($) | Vol. | No. |
---|---|---|
10.720 | 303 | 8 |
10.730 | 4217 | 13 |
10.740 | 2520 | 20 |
10.750 | 2507 | 8 |
10.760 | 1211 | 7 |
Last trade - 14.01pm 19/08/2024 (20 minute delay) ? |
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MFG (ASX) Chart |