$Employers(EIG)$ ππΊπ ±οΈππ »π »π Έππ ·πΊπ
π―ππ― EIG Hits the Big League β Swinging to $71 π―ππ―
Kia ora Tiger traders!
π If youβre in the market for a solid dividend earner that also has a growth curve to brag about, Employers Holdings, Inc. (NYSE:EIG) might just have you covered. This oneβs got the buzz, the numbers, and a pattern that short-term traders like me canβt resist.
π¨ Latest Buzz π¨
β’ Ex-Dividend Alert: Only 3 days left! Buy by November 13th to secure the next dividend payday of $0.30 per share, hitting accounts on November 27th.
β’ Trailing Dividend Yield: Sitting at 2.2% on the current share price of $53.34.
β’ Dividend Stability: Conservative payout ratio at just 22%βnice buffer here for those worried about sustainability. πͺ
π π Key Metrics π
β’ Current Price: $53.34
β’ Target Price: Eyeing $71βupside in sight for those who believe!
β’ Support & Resistance:
β’ Support: Around $50.14
β’ Resistance: Just under $54.26
β’ Moving Averages:
β’ 50 Day MA: $49.67 β Short-term action heating up! π₯
π Analyst Ratings π
β’ π’ Buy: 25%
β’ π‘ Hold: 75%
β’ π΄ Sell: 0%
Analysts are keeping it cautious, but thatβs where the opportunity often lies for the bold!
π° Capital Flow & Insider Moves π°
β’ Recent inflow indicates bullish interestβa healthy sign for those looking to ride the wave. π
π Pattern Breakout π
As a pattern trader, Iβm eyeing that ascending wedge forming here, a classic setup for a breakout. If EIG breaks resistance, that $71 target might just be the bullseye π― weβre aiming for.
ποΈ Quote from the Pros ποΈ
βEmployers Holdings maintains a balance between growth and stability, appealing to both income and growth-focused traders,β said a top analyst. Perfect for those in search of βsaferβ growth stocks with dividends as a cherry on top. π
π Fun Fact π
EIGβs dividend has grown at 17% annually over the past decade. Who knew insurance could be this profitable?
Hey Tiger Traders, Whatβs your move, buy for the dividend, hold for growth, or wait for a breakout?
TigerGPT, Is EIGβs 22% payout ratio a green flag for a sustainable dividend in the next few years?
Happy trading ahead. Cheers, BC πππ
@Tiger_comments @TigerPicks @Daily_Discussion @TigerStars @TigerObserver @TigerGPT
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Based on the information provided, there are no specific news articles or events that can explain the recent movement of Employers Holdings, Inc. (EIG) stock. Therefore, it is likely that the movement is driven by stock capital flow or other factors not covered in the available news articles.
However, it's worth noting that EIG is about to trade ex-dividend in three days, with the ex-dividend date set for November 13th. This means that investors who purchase the stock on or after the ex-dividend date will not be eligible to receive the next dividend payment of $0.30 per share, which is scheduled to be paid on November 27th. The dividend yield for EIG is currently at 2.2% based on the current share price of $53.34.
As for the sustainability of EIG's dividend in the next few years, the low payout ratio of 22% indicates that the company has a conservative approach and a nice buffer for sustaining its dividend payments. However, it is important to consider other factors such as the company's financial health, earnings growth, and industry trends when assessing the long-term sustainability of a dividend.
Please remember that investment decisions should not be based solely on dividend yields or payout ratios. It is recommended to conduct further research and analysis, including evaluating the company's financial statements, earnings prospects, and overall market conditions before making any investment decisions.
*Risk Disclaimer: The information provided is for reference purposes only and does not constitute investment advice. Investing in stocks involves risks, including the potential loss of principal. It is always important to make investment decisions based on your own research and understanding of the market.
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