Image by The U.S. National Archives via Flickr
A little company with a little stock price and a little dividend … but listen up … Met-Pro Corp. is an income investor’s friend. Met-Pro, symbol MPR, costs less than $10 per share.
As you know, I rarely discuss stock price; I prefer to concentrate only on my chances of realizing more income every year from my income investments. However, for new income investors, a stock price of $10 is very appealing.
As you know, I rarely discuss stock price; I prefer to concentrate only on my chances of realizing more income every year from my income investments. However, for new income investors, a stock price of $10 is very appealing.
Let’s look at why MPR is a dividend machine. In 2007 MPR paid $.191 in dividends; in 2008 they increased the dividend to $.207. The company has increased the dividend every year for at least 5 years. If you own MPR by December 2, 2011, you will receive the quarterly dividend of $.071 on December 16, 2011.
On an annual basis, the dividend is now $.284. At the closing price of $9.27 on Friday, October 28, 2011, the yield is just over three percent. MPR earns $.41 per share which is almost twice the amount they pay out in dividends.
On an annual basis, the dividend is now $.284. At the closing price of $9.27 on Friday, October 28, 2011, the yield is just over three percent. MPR earns $.41 per share which is almost twice the amount they pay out in dividends.
Income investors we have a found a very affordable and reliable dividend machine in MPR. Their low D/E ratio of .04 is another encouraging part of this picture. By the way, MPR is a provider of environmental control services. Consider this company for your growing list of dividend machines.
Very Truly Yours,
TheMoneyMadam
