CNX Coal Resources said on March 29, 2023 that its board of directors declared a regular
quarterly dividend of $0.28 per share ($1.10 annualized).
Previously, the company paid $0.28 per share.
Shares must be purchased before the ex-div date of April 27, 2023 to qualify for the dividend.
Shareholders of record as of April 28, 2023
will receive the payment on May 9, 2023.
At the current share price of $120.00 / share,
the stock’s dividend yield is 0.92%.
Looking back five years and taking a sample every week, the average dividend yield has been
0.74%,
the lowest has been 0.49%,
and the highest has been 1.17%.
The standard deviation of yields is 0.16 (n=107).
The current dividend yield is
1.14 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.14.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company has not increased its dividend in the last three years.
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Analyst Price Forecast Suggests 36.85% Upside
As of March 30, 2023,
the average one-year price target for CNX Coal Resources is $164.22.
The forecasts range from a low of $158.57 to a high of $173.25.
The average price target represents an increase of 36.85% from its latest reported closing price of $120.00.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for CNX Coal Resources
is $6,873MM, an increase of 6.98%.
The projected annual non-GAAP EPS
is $12.85.
What is the Fund Sentiment?
There are 801 funds or institutions reporting positions in CNX Coal Resources.
This is a decrease
of
13
owner(s) or 1.60% in the last quarter.
Average portfolio weight of all funds dedicated to CNXC is 0.28%,
an increase
of 14.94%.
Total shares owned by institutions increased
in the last three months by 0.64% to 49,039K shares.
The put/call ratio of CNXC is 1.23, indicating a
bearish
outlook.
What are Large Shareholders Doing?
Capital International Investors
holds 3,715K shares
representing 7.31% ownership of the company.
In it’s prior filing, the firm reported owning 3,518K shares, representing
an increase
of 5.33%.
The firm
increased
its portfolio allocation in CNXC by 15.95% over the last quarter.
FLPSX – Fidelity Low-Priced Stock Fund
holds 2,253K shares
representing 4.43% ownership of the company.
In it’s prior filing, the firm reported owning 2,254K shares, representing
a decrease
of 0.06%.
The firm
increased
its portfolio allocation in CNXC by 7.97% over the last quarter.
FIL
holds 1,431K shares
representing 2.82% ownership of the company.
In it’s prior filing, the firm reported owning 1,389K shares, representing
an increase
of 2.94%.
The firm
decreased
its portfolio allocation in CNXC by 99.95% over the last quarter.
Boston Partners
holds 1,358K shares
representing 2.67% ownership of the company.
In it’s prior filing, the firm reported owning 1,334K shares, representing
an increase
of 1.73%.
The firm
decreased
its portfolio allocation in CNXC by 99.95% over the last quarter.
IJH – iShares Core S&P Mid-Cap ETF
holds 1,308K shares
representing 2.58% ownership of the company.
In it’s prior filing, the firm reported owning 1,247K shares, representing
an increase
of 4.68%.
The firm
increased
its portfolio allocation in CNXC by 9.23% over the last quarter.
Concentrix Background Information
(This description is provided by the company.)
Concentrix Corporation is a leading technology-enabled global business services company specializing in customer engagement and improving business performance for some of the world’s best brands including over 95 Global Fortune 500 clients and over 90 global disruptor clients. Every day, from more than 40 countries and across 6 continents, our staff delivers next generation customer experience and helps companies better connect with their customers. We create better business outcomes and help differentiate our clients through technology, design, data, process, and people. Concentrix provides services to clients in our key industry verticals: technology & consumer electronics; retail, travel & ecommerce; banking, financial services & insurance; healthcare; communications & media; automotive; and energy & public sector. We are Different by Design.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
