360° Coverage : KKR Financial Enters Oversold Territory

2 Updates

KKR Financial Enters Oversold Territory

Mar 26 2014, 12:29pm CDT | by

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...

Filed under: news

 
 
 

22 weeks ago

KKR Financial Enters Oversold Territory

Mar 26 2014, 12:29pm CDT | by

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. KKR Financial Holding LLC (NYSE: KFN) presently has a stellar rank, in the top 10% of the coverage universe, which suggests it is among the top most “interesting” ideas that merit further research by investors.

But making KKR Financial Holding LLC an even more interesting and timely stock to look at, is the fact that in trading on Wednesday, shares of KFN entered into oversold territory, changing hands as low as $11.265 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.

Click here to find out what 9 other oversold dividend stocks you need to know about, at DividendChannel.com »

In the case of KKR Financial Holding LLC, the RSI reading has hit 28.7 — by comparison, the universe of dividend stocks covered by Dividend Channel currently has an average RSI of 55.9. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, KFN’s recent annualized dividend of 0.88/share (currently paid in quarterly installments) works out to an annual yield of 7.65% based upon the recent $11.51 share price.

A bullish investor could look at KFN’s 28.7 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 KFN 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.


Can your brain be trained to become a chart-predicting wizard? Click here to find out

Source: Forbes Business

/>/>
 
Update
2

4 days ago

Khazanah throws MAS RM6b lifeline

Aug 29 2014 5:01pm CDT | Source: Business Times Singapore

August 30, 2014 1:15 AMKHAZANAH Nasional will inject RM6 billion (SS$2.4 billion) over three years to resuscitate loss-making Malaysia Airlines (MAS) under a recovery plan that includes even an Act of Parliament. Other key moves are migrating its operations, assets and liabilities to a new company (NewCo) ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 
Update
1

5 days ago

MAS posts loss of RM307m for Q2

Aug 28 2014 5:00pm CDT | Source: Business Times Singapore

August 29, 2014 1:13 AMMALAYSIA Airlines (MAS) registered a loss of RM307 million (S$122 million) for the second quarter to end-June, but warned of worse to come in the second half when the "full financial impact of the double trag ...
Source: Business Times Singapore   Full article at: Business Times Singapore
 

 

Don't miss ...

 

<a href="/latest_stories/all/all/30" rel="author">Forbes</a>
Forbes is among the most trusted resources for the world's business and investment leaders, providing them the uncompromising commentary, concise analysis, relevant tools and real-time reporting they need to succeed at work, profit from investing and have fun with the rewards of winning.

 

blog comments powered by Disqus

Latest stories

US doctor tests positive for Ebola in Liberia
Washington, Sep 3 (IANS) An American missionary doctor working in Liberia has tested positive for the Ebola virus, his organisation SIM USA announced Tuesday.
 
 
IS video shows beheading of second US journalist
Washington, Sep 2 (IANS) Days after the beheading of American photojournalist James Foley, Sunni militant group Islamic State (IS) has posted a video showing the beheading of another kidnapped American journalist Steven Sotloff, CNN reported.
 
 
IS beheads second US journalist
Washington, Sep 2 (IANS) The Islamic State militant organisation has posted a video titled "A second message to America", showing the beheading of American journalist Steven Sotloff, CNN reported.
 
 
India offers red carpet, not red tape, Modi hard sells India (Roundup)
Tokyo, Sep 2 (IANS) Prime Minister Narendra Modi Tuesday hard sold India to Japanese investors saying that his country offers only a red carpet and not red tape while dubbing his five-day trip to Japan that ends Wednesday as "very successful".
 
 
 

Latest from the Network

11 killed in Argentina van accident
Buenos Aires, Sep 3 (IANS/EFE) At least 11 people were killed Tuesday when a van carrying teachers collided with a truck in Argentina, police said. The accident occurred about 7.45 a.m. near El Simbol, 1,000 km north...
Read more on Politics Balla
 
Diana Ross hosts 'barbecue' for son-daughter-in-law
Los Angeles, Sep 3 (IANS) Legendary singer Diana Ross hosted a "barbecue" for son Evan Ross and his wife Ashley Simpson. The 70-year-old star threw the party Monday for the couple, who exchanged vows on Sunday, to...
Read more on Celebrity Balla
 
Rebels seeking total independence from Ukraine
Kiev, Sep 3 (IANS/EFE) Russian rebels in eastern Ukraine urged Kiev Tuesday to recognise their independence and denied that peace proposals presented a day earlier in Minsk contemplated any plan to stay within Ukraine...
Read more on Politics Balla
 
Britney Spears spends $31,000 on pets
Los Angeles, Sep 3 (IANS) Singer Britney Spears' pets are living the life most humans would envy - she reportedly spent over $30,000 on her dogs. Tmz.com reports that according to new legal documents filed in her...
Read more on Celebrity Balla
 
UN says Gaza destruction 'unprecedented'
United Nations, Sep 3 (IANS) The recent conflict in the Gaza Strip has caused "unprecedented" destruction, leaving hundreds of thousands people homeless, the UN said Tuesday, quoting the latest assessment after the...
Read more on Politics Balla
 
Over 7,200 killed in Syria in August
Cairo, Sep 3 (IANS/EFE) As many as 7,219 people have been killed in Syria in August as fierce fighting continued due to the three-year-old civil war in the country, the Syrian Observatory for Human Rights said Tuesday...
Read more on Politics Balla
 
US doctor tests positive for Ebola in Liberia
Washington, Sep 3 (IANS) An American missionary doctor working in Liberia has tested positive for the Ebola virus, his organisation SIM USA announced Tuesday. The doctor was treating obstetrics patients at ELWA...
Read more on Business Balla
 
Anastacia slams Kim, Kanye
Los Angeles, Sep 3 (IANS) Singer Anastacia slams reality TV star Kim Kardashian and her husband Kanye West saying their need for attention is just so ill placed. The 45-year-old hit out at the star couple for having...
Read more on Celebrity Balla
 
EU to decide on new sanctions on Russia
Brussels, Sep 3 (IANS) The incoming European Union (EU) foreign policy chief Federica Mogherini Tuesday said the EU leaders will decide on new sanctions on Russia by Friday. "The package (of further sanctions) will be...
Read more on Politics Balla
 
Israel 'stands by' new land appropriation in West Bank
Jerusalem, Sep 3 (IANS) Israeli Foreign Minister Avigdor Lieberman Tuesday said his country "stands by its decision" to appropriate 1,000 acre land in the West Bank. "Gush Etzion settlement bloc reflects a wide...
Read more on Politics Balla