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| Met-Pro Corp. (MPR) Passes Through 3% Yield MarkBy Dividend Channel Staff, Monday, January 9, 3:46 PM ET
In trading on Monday, shares of Met-Pro Corp. (NYSE:MPR) were yielding above the 3% mark based on its quarterly dividend (annualized to $0.284), with the stock changing hands as low as $9.41 on the day. Dividends are particularly important for investors to consider, because historically speaking dividends have provided a considerable share of the stock market's total return. To illustrate, suppose for example you purchased shares of the iShares Russell 3000 ETF (IWV) back on 5/31/2000 — you would have paid $78.27 per share. Fast forward to 5/31/2011 and each share was worth $80.78 on that date, a mere $2.51 or 3.2% increase over eleven years. But now consider that you collected a whopping $9.69 per share in dividends over the same period, increasing your return to 20.27%. Even with dividends reinvested, that only amounts to an average annual total return of about 1.7%; so by comparison collecting a yield above 3% would appear considerably attractive if that yield is sustainable. Met-Pro Corp. (NYSE:MPR) is a member of the Russell 3000, giving it special status as one of the largest 3000 companies on the U.S. stock markets.
In general, dividend amounts are not always predictable and tend to follow the ups and downs of profitability at each company. In the case of Met-Pro Corp., looking at the history chart for MPR below can help in judging whether the most recent dividend is likely to continue, and in turn whether it is a reasonable expectation to expect a 3% annual yield.
Special Offer: Join the income investing conversation on ValueForum.com with a special Seven Days for Seven Dollars invitation from Forbes According to the ETF Finder at ETF Channel, MPR makes up 1.07% of the Water Resources Portfolio ETF (AMEX:PHO) which is trading up by about 0.5% on the day Monday. See what other ETFs contain MPR » MPR operates in the Industrial Machinery & Equipment sector, among companies like Pall Corp. (NYSE:PLL) which is up about 0.7% today, and Joy Global Inc (NYSE:JOY) trading up by about 1.6%. Below is a three month price history chart comparing the stock performance of MPR, versus PLL and JOY.
Relevant Stock Market Definitions The Importance of Dividends, Exchange Traded Fund Definition, The Importance of ETFs, Dow Jones Industrial Average Definition, Price-To-Earnings Definition, What Is An Annuity?
Find the right mix of model portfolios today at PortfolioChannel.com
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The Importance of Dividends
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