Dividend Channel’s Dividend Rank formula ranks the coverage universe of thousands of dividend stocks according to a unique formula designed to identify stocks that combine two key characteristics: strong fundamentals and cheap-looking valuations. To do. The UnitedHealth Group currently ranks above average in the top 50% of the coverage universe, suggesting that it is one of the most “interesting” ideas worth further research by investors.
10 Oversold Dividend Stocks »
But what makes UnitedHealth Group Inc even more interesting and timely is the fact that on Monday, UNH shares entered the oversold territory and traded at a low price of $ 385.53 per share. .. Use the Relative Strength Index (RSI) to define the oversold area. This is a technical analytic metric used to measure momentum on a scale of 0 to 100. If the RSI reading falls below 30, the stock is considered oversold.
For UnitedHealth Group Inc, the RSI reading reached 29.7. By comparison, the average RSI of the universe of dividend stocks covered by the dividend channel is 49.8. A fall in stock prices (everything else is equal) creates better opportunities for dividend investors to earn higher yields. In fact, UNH’s recent annual dividend of 5.8 / share (currently in quarterly installments) is 1.48% annually based on its recent $ 392.26 share price.
Bullish investors may start looking for entry point opportunities on the buyer side by looking at today’s UNH 29.7 RSI reading as a sign that recent mass sales have run out of themselves. Among the basic data points that dividend investors need to investigate to determine if they are bullish on UNH is their dividend history. In general, dividends are not always predictable. However, the history chart below can help you determine if your most recent dividend is likely to continue.
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