Featured MNV Articles:

Investors Snatch SJI Even Lower Than Its Secondary Stock Offering

Play Video: The Importance of ETFs If the video does not load after a few moments, Upgrade to the Latest Flash Player.

Free Email Alerts By Stock: Get Dividend Alerts Get SEC Filing Alerts

Looking back to 7 days ago, South Jersey Industries Inc (SJI) priced a 10,250,000 share secondary stock offering at $22.25 per share. Buyers in that offering made a considerable investment into the company, expecting that their investment would go up over the course of time. In trading on Thursday, bargain hunters could buy shares of SJI and achieve a cost basis even cheaper than those buyers, with shares changing hands as low as $22.14 per share.

Start slideshow:
All Recent Secondary Stock Offerings »

Secondaries can often present buying opportunities for bullish investors interested in purchasing shares, because the sudden extra supply of stock tends to require that the offering be priced at an attractive discount to where the stock had previously been trading before the offering announcement. At last check, South Jersey Industries Inc shares are currently trading up about 0.3% on the day. The chart below shows the one year performance of SJI shares, versus its 200 day moving average:

Looking at the chart above, SJI's low point in its 52 week range is $18.24 per share, with $30.25 as the 52 week high point — that compares with a last trade of $22.47.

The current annualized dividend paid by South Jersey Industries Inc is $1.21/share, currently paid in quarterly installments, and its most recent dividend ex-date was on 03/16/2021. Below is a long-term dividend history chart for SJI, which can be of good help in judging whether the most recent dividend with approx. 5.4% annualized yield is likely to continue.

Investors Snatch SJI Even Lower Than Its Secondary Stock Offering | Market News Video | Copyright © 2008 - 2024, All Rights Reserved