SLIDESHOW: Top 10 Cheap Dividend Stocks Under $10
By Dividend Channel Staff, updated Wed, April 17, 7:06 PM
This Slide: #1 of 10 |
#10. Uniti Group
Trading Symbol
UNIT
Recent Price
5.30
Dividend Yield
11.32%
TTM Earnings
1.42
PE Ratio (TTM)
3.7
Market Cap
1.3B
#10. Uniti Group
Trading Symbol
UNIT
Recent Price
5.30
Dividend Yield
11.32%
TTM Earnings
1.42
PE Ratio (TTM)
3.7
Market Cap
1.3B
Uniti Group is an independent, internally managed real estate investment trust. Co. is principally focused on acquiring and constructing fiber optic, copper and coaxial broadband networks and data centers. Co.'s primary lines of business are Uniti Leasing and Uniti Fiber. Uniti Leasing is engaged in acquiring and constructing communications assets, such as fiber, data centers, and consumer broadband, and leasing them back to anchor customers on either an exclusive or shared-tenant basis. Uniti Fiber provides infrastructure solutions, including cell site backhaul and small cell for wireless operators and ethernet, wavelengths and dark fiber for telecommunications carriers and enterprises. More details about Uniti Group at: http://www.uniti.com.
View UNIT's Dividend History » ETFs holding UNIT »
Should Uniti Group shares be counted among the Top 10 Cheap Dividend Stocks Under $10 label? To start, we see that the recent trading price for UNIT stock is $5.30 and the dividend yield is 11.32% (as of 4/17/2024). The most recent quarter's (MRQ) earnings result, annualized, was $1.36/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Uniti Group produced $1.42/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $1.36/share. Comparing the current indicated annual dividend rate of $0.60 against that median result, we calculate a dividend payout ratio of 44.1%. Comparing the company's various earnings metrics against the stock price, we end up with a PE ratio of 3.9 for the TTM Median method, 3.9 for price to earnings using MRQ annualized, and 3.7 for current price/TTM earnings. Based on UNIT's history, that recent TTM PE is low relative to the historical average, with the recent PE 32.7% lower than the average (TTM method) of 5.5.
Should Uniti Group shares be counted among the Top 10 Cheap Dividend Stocks Under $10 label? To start, we see that the recent trading price for UNIT stock is $5.30 and the dividend yield is 11.32% (as of 4/17/2024). The most recent quarter's (MRQ) earnings result, annualized, was $1.36/share. Looking at the sum total of quarterly earnings across the trailing twelve month (TTM) period, Uniti Group produced $1.42/share. And taking the median quarterly result across the TTM period, and annualizing it, results in $1.36/share. Comparing the current indicated annual dividend rate of $0.60 against that median result, we calculate a dividend payout ratio of 44.1%. Comparing the company's various earnings metrics against the stock price, we end up with a PE ratio of 3.9 for the TTM Median method, 3.9 for price to earnings using MRQ annualized, and 3.7 for current price/TTM earnings. Based on UNIT's history, that recent TTM PE is low relative to the historical average, with the recent PE 32.7% lower than the average (TTM method) of 5.5.
UNIT Next Dividend Date » (Projection based upon history) UNIT Dividend Growth Rate » Quotes delayed 20 minutes |
Hold (2.21 out of 4) 100th percentile
(ranked higher than approx. 100% of all stocks covered)
Analysts' Target Price: UNIT Forecast Based on data provided by Zacks Investment Research via Quandl.com |
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