Are you a dividend investor? You don’t even need to be a dividend investor for Xilinx to be on your radar. The chart screams growth, and I mean big time. Pair that with the news stories and the company’s financials, and you have a winning stock. The stock price for Xilinx closed at $73.69 today, and the current yield is 2.28 percent. The company just released its 3Q results, beating earnings estimates, too.
That has been commonplace for Xilinx. This company produces FPGAs or field programmable gate arrays, and tech companies have been issuing press releases about using these FPGAs over GPUs. Again, whether you are a dividend investor, a growth investor or both, I recommend this stock. I have been looking for the right opportunity to add it to my portfolio, and so I just might do that soon.
It has to be the right play at the right time for me and for anyone else of course. Right now, I don’t have space for a new stock at $70 a share, but maybe you do. I could always replace one of my positions, but so far I have held off patiently. Would you like to know where I think this stock is headed? I believe by the time the company reports 2Q results in 2018, we will be looking at a pps of $100 . That spells out significant gains on top of the dividend payout each quarter.
It is not always easy to find a company like this that is truly a growth dividend stock. The company has managed to keep the dividend at a respectable level while still achieving enormous growth as of late. This week alone, the price per share is up $2.37, and no, none of this information I am giving you required heavy research. I am a knowledgeable investor that has been looking at this company for awhile.
All I did was pull up my investment app and give you the numbers, easy peasy. Investment analysts across the board are touting this stock, and you can bet the upgrades will keep coming. Don’t think that you have missed the train because it is flying down the track at 100 mph. It is going to take a long time for it to stop. And when it does, it is going to be sitting pretty and be paying a nice dividend. It is a dividend stock as I mentioned that I would like to add to my portfolio.
Add Monthly Dividend Stock
I did just add a monthly dividend stock to my portfolio, but I needed one in the $10-$20 dollar range and outside the tech industry. I can’t add any more tech stocks at the moment and still be diversified properly, but maybe you can. If you are looking for a dividend growth company, you just ran into a power play. If you don’t want to take my word for it, I don’t blame you one bit. Check with the analysts and do your own DD. You will be impressed with Xilinx. Grab best deals on Xilinx at http://www.directics.com