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Only 3 Days Left Before Wayside Technology Group Inc (NASDAQ:WSTG) Will Start Trading Ex-Dividend, Should You Buy?

Luis Baughman

Important news for shareholders and potential investors in Wayside Technology Group Inc (NASDAQ:WSTG): The dividend payment of $0.17 per share will be distributed into shareholder on 21 May 2018, and the stock will begin trading ex-dividend at an earlier date, 11 May 2018. Should you diversify into Wayside Technology Group and boost your portfolio income stream? Well, keep on reading because today, I’m going to look at the latest data and analyze the stock and its dividend property in further detail. View our latest analysis for Wayside Technology Group

5 checks you should use to assess a dividend stock

When researching a dividend stock, I always follow the following screening criteria:

  • Is it the top 25% annual dividend yield payer?

  • Does it consistently pay out dividends without missing a payment or significantly cutting payout?

  • Has it increased its dividend per share amount over the past?

  • Does earnings amply cover its dividend payments?

  • Based on future earnings growth, will it be able to continue to payout dividend at the current rate?

NasdaqGM:WSTG Historical Dividend Yield May 7th 18
NasdaqGM:WSTG Historical Dividend Yield May 7th 18

Does Wayside Technology Group pass our checks?

The company currently pays out 56.97% of its earnings as a dividend, according to its trailing twelve-month data, meaning the dividend is sufficiently covered by earnings. Furthermore, analysts have not forecasted a dividends per share for the future, which makes it hard to determine the yield shareholders should expect, and whether the current payout is sustainable, moving forward. If there’s one type of stock you want to be reliable, it’s dividend stocks and their stable income-generating ability. In the case of WSTG it has increased its DPS from $0.6 to $0.68 in the past 10 years. During this period it has not missed a payment, as one would expect for a company increasing its dividend. These are all positive signs of a great, reliable dividend stock. Compared to its peers, Wayside Technology Group generates a yield of 4.79%, which is high for Electronic stocks.

Next Steps:

Considering the dividend attributes we analyzed above, Wayside Technology Group is definitely worth keeping an eye on for someone looking to build a dedicated income portfolio. Given that this is purely a dividend analysis, I urge potential investors to try and get a good understanding of the underlying business and its fundamentals before deciding on an investment. There are three relevant aspects you should further examine:

  1. Historical Performance: What has WSTG’s returns been like over the past? Go into more detail in the past track record analysis and take a look at the free visual representations of our analysis for more clarity.

  2. Management Team: An experienced management team on the helm increases our confidence in the business – take a look at who sits on Wayside Technology Group’s board and the CEO’s back ground.

  3. Other Dividend Rockstars: Are there better dividend payers with stronger fundamentals out there? Check out our free list of these great stocks here.

To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.

The author is an independent contributor and at the time of publication had no position in the stocks mentioned.