Playtika Holding Corp Offers Attractive 8% Dividend Yield
On Tuesday, Playtika Holding Corp (Symbol: PLTK) caught the attention of investors by yielding over 8% based on its quarterly dividend, annualized at $0.40. The stock dipped to $4.97 during the day’s trading. Dividends are crucial for investors, as they historically contribute significantly to the overall returns of the stock market. For instance, if an investor purchased shares of the iShares Russell 3000 ETF (IWV) on May 31, 2000, at $78.27 per share, they would have seen a meager drop in value to $77.79 by May 31, 2012—a decline of $0.48 or 0.6% over twelve years. However, factoring in dividends, which totaled $10.77 per share during that period, raised their total return to 13.15%. Even with reinvested dividends, this averages to an annual total return of about 1%. Comparatively, an 8% yield appears very attractive if it is sustainable. As a member of the Russell 3000, Playtika is recognized among the largest 3000 companies in the U.S. stock market.
Assessing Playtika’s Dividend Sustainability
Generally, dividend payments can be unpredictable and tend to reflect each company’s profitability fluctuations. Analyzing Playtika Holding Corp’s historical dividend chart can provide insight into the likelihood of maintaining its recent dividend and understanding the feasibility of expecting an 8% annual yield moving forward.
Free Report: Top 8%+ Dividends (Paid Monthly)
Click here to discover which 9 other dividend stocks are currently on sale »
Also See:
- Funds Holding EVCM
- TXO Options Chain
- ETFs Holding PRSC
The views and opinions expressed herein are those of the author and do not necessarily reflect those of Nasdaq, Inc.
