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Amdocs Ltd. (Symbol: DOX) has entered oversold territory, with shares trading as low as $81.885 per share on Wednesday. This follows a Relative Strength Index (RSI) reading of 29.8, indicating the stock is considered oversold when the RSI falls below 30. In comparison, the average RSI in the universe of dividend stocks covered by Dividend Channel is 48.5.
The annualized dividend for Amdocs is currently $1.74 per share, equating to an annual yield of 2.07% based on the recent share price of $84.01. This decline in stock price provides a potentially better entry point for dividend investors.
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