Dear Reader,
We have identified several tech stocks which are expected to go “Ex-Dividend” starting January 12th, 2022.
If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment.
Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend.
So please keep this in mind.
Below is our latest Dividend Report:
Bel Fuse
Symbol: BELFA
Recent Price: $33.24
Average Analyst Price Target: $38.00 (14.32%)
Market Cap: $398.92M
Expected Ex-Dividend Date: Jan 12 2023
Expected Payment Date: Feb 01 2023
Expected Dividend & Yield: 0.78%
Recent Analyst Action: James Ricchiuti, analyst at Needham, reiterates coverage on Bel Fuse (BELFA) in the Technology sector with a Buy rating and a price target of $ 38 (2 months ago).
TipRanks.com also reports that Bel Fuse currently has 1 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $38.00 . The target pricing ranges from a high forecast of $38.00 down to a low forecast of $38.00. Bel Fuse (BELFA)’s last closing price was $$33.24 which would put the average price target at 14.32% upside.Here are 3rd party ratings for BELFA:
- TipRanks.com: Moderate Buy
- TradingView.com: Buy
- Yahoo! Finance: Neutral Short-Term Outlook
- Barchart.com: buy
- Zacks.com: n/a, n/a
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Methode Electronics
Symbol: MEI
Recent Price: $46.99
Average Analyst Price Target: $51.83 (10.30%)
Market Cap: $1.67B
Expected Ex-Dividend Date: Jan 12 2023
Expected Payment Date: Jan 27 2023
Expected Dividend & Yield: 1.21%
Recent Analyst Action: Gary Prestopino, analyst at Barrington, reiterates coverage on Methode Electronics (MEI) in the Technology sector with a Hold rating and a price target of $ 52.5 (1 month ago).
TipRanks.com also reports that Methode Electronics currently has 3 analysts offering 12-month price targets and the consensus is a Moderate Buy rating with an average price target is $51.83 . The target pricing ranges from a high forecast of $52.50 down to a low forecast of $51.00. Methode Electronics (MEI)’s last closing price was $$46.99 which would put the average price target at 10.30% upside.Here are 3rd party ratings for MEI:
- TipRanks.com: Moderate Buy
- TradingView.com: Buy
- Yahoo! Finance: Bullish Short-Term Outlook
- Barchart.com: Strong buy
- Zacks.com: Strong Sell, Bottom 1% (248 out of 250)
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Science Applications
Symbol: SAIC
Recent Price: $105.59
Average Analyst Price Target: $116.67 (10.49%)
Market Cap: $5.92B
Expected Ex-Dividend Date: Jan 12 2023
Expected Payment Date: Jan 27 2023
Expected Dividend & Yield: 1.37%
Recent Analyst Action: Matthew Sharpe, analyst at Morgan Stanley, reiterates coverage on Science Applications (SAIC) in the Technology sector with a Hold rating and a price target of $ 114 (1 week ago).
TipRanks.com also reports that Science Applications currently has 9 analysts offering 12-month price targets and the consensus is a Hold rating with an average price target is $116.67 . The target pricing ranges from a high forecast of $141.00 down to a low forecast of $94.00. Science Applications (SAIC)’s last closing price was $$105.59 which would put the average price target at 10.49% upside.Here are 3rd party ratings for SAIC:
- TipRanks.com: Hold
- TradingView.com: Neutral
- Yahoo! Finance: Bullish Short-Term Outlook
- Barchart.com: buy
- Zacks.com: Hold, Top 31% (77 out of 250)
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Shaw Communications
Symbol: SJR
Recent Price: $28.78
Average Analyst Price Target: $30.27 (4.62%)
Market Cap: $14.46B
Expected Ex-Dividend Date: Jan 12 2023
Expected Payment Date: Jan 30 2023
Expected Dividend & Yield: 3.18%
Recent Analyst Action: Drew Mcreynolds, analyst at RBC Capital, reiterates coverage on Shaw Communications (SJR) in the Technology sector with a Hold rating and a price target of $ 30.27 (1 week ago).
TipRanks.com also reports that Shaw Communications currently has 4 analysts offering 12-month price targets and the consensus is a Hold rating with an average price target is $30.27 . The target pricing ranges from a high forecast of $30.27 down to a low forecast of $30.27. Shaw Communications (SJR)’s last closing price was $$28.78 which would put the average price target at 4.62% upside.Here are 3rd party ratings for SJR:
- TipRanks.com: Hold
- TradingView.com: Buy
- Yahoo! Finance: Bearish Short-Term Outlook
- Barchart.com: buy
- Zacks.com: Hold, Top 38% (95 out of 250)
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And there you have it...
Keep in mind, if you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment.
Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend.
If you have questions about specific dividends, you should consult with your financial advisor or visit Investor.gov for more information.
Sincerely,
The Editor, techstockmovers.com
TechStockMovers.com keeps investors informed on a variety of tech stocks including communications equipment, IT Services, Semiconductors, Software, Technical hardware, storage and peripherals, artificial intelligence (AI), cybersecurity and more. (TSM) aggregates market data from top tier financial content providers like Barchart.com, Tipranks.com, TradingView.com, Yahoo! Finance, and Zacks.com.
