Featured MNV Articles:
|Interesting TEL Put And Call Options For October 20th
Wednesday, March 15, 10:40 AM ET, by Market News Video Staff
Investors in TE Connectivity Ltd (TEL) saw new options begin trading this week, for the ...
Ex-Dividend Reminder: TE Connectivity, Moody's and Raytheon Technologies
Tuesday, May 16, 2:16 PM ET, by Market News Video Staff
On 5/18/23, TE Connectivity Ltd (TEL), Moody's Corp. (MCO), and Raytheon Technologies Corp (RTX) will ...
January 2024 Options Now Available For TE Connectivity (TEL)
Thursday, May 18, 11:44 AM ET, by Market News Video Staff
Investors in TE Connectivity Ltd (TEL) saw new options begin trading today, for the January ...
TE Connectivity Moves Up In Market Cap Rank, Passing Hershey
Monday, May 22, 4:37 PM ET, by Market News Video Staff
In the latest look at the underlying components of the S&P 500 ordered by largest ...
How The Parts Add Up: SSO Targets $56
Friday, May 26, 9:47 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
TE Connectivity is Oversold
By Dividend Channel Staff, Monday, September 11, 11:27 AM ET
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. TE Connectivity Ltd (NYSE:TEL) presently has an above average rank, in the top 50% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors.
But making TE Connectivity Ltd an even more interesting and timely stock to look at, is the fact that in trading on Monday, shares of TEL entered into oversold territory, changing hands as low as $127.03 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30.
In the case of TE Connectivity Ltd, the RSI reading has hit 29.5 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 44.9. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, TEL's recent annualized dividend of 2.36/share (currently paid in quarterly installments) works out to an annual yield of 1.85% based upon the recent $127.86 share price.
A bullish investor could look at TEL's 29.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on TEL is its dividend history.
In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue.
Special Offer: Receive our best dividend ideas directly to your inbox each afternoon with the Dividend Channel Premium Newsletter
This Article's Word Cloud: