Diamonds are women best friends, it will also become men’s best friend too if it is able to generate returns for them. At the current price, it is about 5% yield. Is this good enough for you?
Avg 7 years of dividends is $0.057.
At 5%, share price is about $$1.1.
At 2%, share price is about $2.9.
This is the 2.5 years chart, and looked at how unloved this stock is by investors over the years. In fact, the share price started to correct since April 2015.
This is 1 year chart, has it found the bottom and is it poised to break out the next level of resistance?
Disclaimer: I am long on this counter.