Polaris Inc: A Dividend Stock to Watch in Oversold Territory
Polaris Inc (Symbol: PII) has caught the attention of investors as it ranks in the top 50% of dividend stocks based on a unique formula analyzing strong fundamentals and reasonable valuations. This performance indicates that PII is worth a deeper look for potential investment.
Recent trading on Wednesday saw Polaris Inc shares drop to $60.05, marking entry into oversold territory. The Relative Strength Index (RSI), a key technical indicator ranging from 0 to 100, signals that a stock is oversold when it falls below 30. Currently, Polaris’ RSI is at 29.7, while the average for dividend stocks is 47.3. This decline in price can provide dividend investors with a better chance of securing a higher yield.
Current Dividend Yield Offers Potential
Polaris’ annualized dividend stands at $2.64 per share, which translates to an annual yield of 4.34% based on a recent share price of $60.79. For bullish investors, the low RSI may suggest that recent selling pressures are waning, presenting a potential buying opportunity.
Evaluating Dividend History
Investors should examine Polaris’ dividend history to better assess whether the current dividend is sustainable. Although dividends can fluctuate, reviewing historical trends can provide insights into future expectations.
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Also see:
- Institutional Holders of RRX
- PBW YTD Return
- Institutional Holders of OCN
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
