Monarch Casino & Resort, Inc. (Symbol: MCRI) was noted for its strong fundamentals and was ranked in the top 50% of dividend stocks by Dividend Channel as of Tuesday. During trading on that day, MCRI shares fell to an oversold territory with a price as low as $88.80 each, marked by a Relative Strength Index (RSI) reading of 28.2, compared to an average RSI of 55.8 for dividend stocks.
MCRI’s recent dividend yield stands at approximately 1.33%, based on an annualized dividend of $1.20 per share and the latest share price of $90.33. Investors might view the low RSI as a potential buying opportunity, emphasizing the importance of investigating MCRI’s dividend history for informed decision-making.
