If you are interested in cashing in on Bisichi Mining Plc’s (LSE:BISI) upcoming dividend of £0.01 per share, you only have 3 days left to buy the shares before its ex-dividend date, 04 January 2018, in time for dividends payable on the 09 February 2018. What does this mean for current shareholders and potential investors? Below, I will explain how holding Bisichi Mining can impact your portfolio income stream, by analysing the stock’s most recent financial data and dividend attributes. Check out our latest analysis for Bisichi Mining
Here’s how I find good dividend stocks
When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:
-
Is it paying an annual yield above 75% of dividend payers?
-
Has it paid dividend every year without dramatically reducing payout in the past?
-
Has it increased its dividend per share amount over the past?
-
Can it afford to pay the current rate of dividends from its earnings?
-
Will it have the ability to keep paying its dividends going forward?
How well does Bisichi Mining fit our criteria?
The current payout ratio for the stock is 77.65%, meaning the dividend is sufficiently covered by earnings. Furthermore, analysts have not forecasted a dividends per share for the future, which makes it hard to determine the yield shareholders should expect, and whether the current payout is sustainable, moving forward. If there is one thing that you want to be reliable in your life, it’s dividend stocks and their constant income stream. Whilst its per-share payments have increased during the past 10 years, there has been some hiccups. Shareholders would have seen a few years of reduced payments in this time. Relative to peers, Bisichi Mining has a yield of 5.67%, which is on the low-side for oil and gas stocks.
What this means for you:
Are you a shareholder? With Bisichi Mining producing strong dividend income for your portfolio over the past few years, you can take comfort in knowing that this stock will still continue to be a robust dividend generator moving forward. However, depending on your current portfolio, it may be beneficial exploring other income stocks to increase diversification, or even look at high-growth stocks to supplement your steady income stocks. I suggest continuing your research by checking out my interactive free list of dividend rockstars as well as high-growth stocks to potentially add to your holdings.
Are you a potential investor? Keeping in mind the dividend characteristics above, Bisichi Mining is definitely worth considering for investors looking to build a dedicated income portfolio. I also recommend taking sufficient time to understand its core business and determine whether the company and its investment properties suit your overall goals. No matter how much of a cash cow Bisichi Mining is, it is not worth an infinite price. Is Bisichi Mining still a bargain? Check our latest free analysis to find out!
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.