Highest Paying Dividend Stocks – In Focus SJI

South Jersey Industries (SJI) is one of the highest paying dividend stocks we cover. But is it one of the best monthly dividend stocks? We will answer this question in this report.

Background

South Jersey Industries (SJI) is an energy services holding company. SJI provides energy-related services and products through its numerous subsidiaries. Those subsidiaries include South Jersey Gas Company (SJG), South Jersey Resources Group (SJRG), and Marina Energy LLC (Marina).

Stock Fundamentals

There is a lot to like about SJI. SJI’s cash flows have been consistently positive. It has consistently raised its dividend, and it has the potential to continue raising its dividend. Its dividends are currently only a fraction of its cash flow from operations. Furthermore, SJI’s growth prospects are at least decent. In fact, for a utility firm, you can even argue they are above average.

But SJI is also priced slightly on the high side. Most of its price multiples (e.g. P/E, P/S, earnings yield [enterprise-value based]) are at least modestly high. This neutralizes many of the positive aspects of this firm.

SJI is the kind of firm we like to watch, and if its price drifts down without any decrease in its fundamentals, then it becomes a serious candidate for investment. Right now, it is not. We do not consider SJI one of our top dividend paying stocks

If you would like to see some of those that are and some of the other good stocks we cover, click the link below.

Best Dividend Paying Stocks and More

Stat Sheet – South Jersey Industries

Information
Ticker SJI
Industry Natural Gas Utilities
Price $ xxx
Market Cap  $ xxx
Dividend Yield Xxx
Dividend/CFOp 0.356
Equity/Assets 0.279
Average Equity/Assets 0.283
Financial Strength Average
Growth Prospects Average
Beta 0.67
Price Volatility Below Average
Stock Fundamentals C

 

(Our assessment of this firm’s fundamentals will be in effect for the rest of calendar year 2016)

Disclaimer – Information contained herein has been obtained from sources believed to be reliable. Neither the author nor the publisher guarantees the accuracy or completeness of the information and methods described. This information is offered as general commentary only. It is not intended as investment advice. Investment and trading of securities involves risk, including of loss of capital. Market conditions change over time, and no assurance can be given that a reader may apply the principles described to make a profit. The author and publisher expressly disclaim all and any liability to any person for any investment or trading decisions that the reader may make in reliance on this information.

 

Advertisements
Highest Paying Dividend Stocks – In Focus SJI

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s