The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. John Wiley & Sons Inc. (JW.A - Get Report) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.But making John Wiley & Sons Inc. an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of JW.A entered into oversold territory, changing hands as low as $55.21 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of John Wiley & Sons Inc., the RSI reading has hit 26.5 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 41.9. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, JW.A's recent annualized dividend of 1.16/share (currently paid in quarterly installments) works out to an annual yield of 2.07% based upon the recent $56.11 share price. A bullish investor could look at JW.A's 26.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on JW.A is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
TheStreet’s Fundamentals of Investing Course will teach you the keys to making the right decisions in any market.
TheStreet’s Personal Finance Essentials Course will teach you money management basics and investing strategies to help you avoid major financial pitfalls.
TheStreet Courses offers dedicated classes designed to improve your investing skills, stock market knowledge and money management capabilities.
More from Stocks
Caesars, FedEx, Trade Talks, Daimler and 'Toy Story 4' - 5 Things You Must Know
U.S. stock futures rise as investors look to the upcoming G-20 summit in Osaka, Japan, for a breakthrough in U.S.-China trade talks; Eldorado Resorts agrees to merge with Caesars Entertainment, a report says; FedEx is forced to issue its second apology in as many months for failing to complete the shipping of a package linked to China's Huawei.
Eldorado and Caesars Roll Dice With $18 Billion Casino Merger Bet - Reports
Eldorado Resorts is set to unveil an $18 billion merger proposal with Caesars Entertainment multiple media outlets reported Sunday, in a move that would challenge industry leaders such as Wynn Resorts and MGM Resorts International.
Dow Futures Rise, Global Stocks Edge Higher, as US-China Trade Detente Nears
U.S. stocks look set to test all time highs again Monday, following a third consecutive weekly gain for all three benchmarks on Wall Street, as investors continue to bet that central bank support will boost global equities and this weekend's G20 Summit in Osaka will trigger a breakthrough in U.S.-China trade talks.
Daimler Shares Tumble After Emissions-Linked Profit Warning, German Recall Order
Daimler shares traded sharply lower in Frankfurt Monday after the luxury automaker issued a surprise 2019 profit warning linked to the increased cost of meeting European and global emissions standards.
Fedex Issues Second Apology for Mishandled Huawei Package; China Mulls Options
FedEx shares slipped lower in pre-market trading Monday after the group was forced to issue its second apology in as many months for failing to complete the shipping of a package linked to China-backed Huawei Technologies.