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Is Seagate Technology plc (NASDAQ:STX) Potentially Underrated?

As an investor, I look for investments which does not compromise one fundamental factor for another. By this I mean, I look at stocks holistically, from their financial health to their future outlook. In the case of Seagate Technology plc (NASDAQ:STX), it is a well-regarded dividend-paying company with a a strong history of delivering benchmark-beating performance. In the following section, I expand a bit more on these key aspects. For those interested in digger a bit deeper into my commentary, read the full report on Seagate Technology here.

Solid track record established dividend payer

In the previous year, STX has ramped up its bottom line by 53%, with its latest earnings level surpassing its average level over the last five years. This strong performance generated a robust double-digit return on equity of 71%, which is an notable feat for the company.

NasdaqGS:STX Income Statement Export October 26th 18

STX’s reputation for being one of the best dividend payers in the market is supported by the fact that it has been steadily growing its dividend payments over the past ten years and currently is one of the top yielding companies on the markets, at 5.9%.

NasdaqGS:STX Historical Dividend Yield October 26th 18

Next Steps:

For Seagate Technology, I’ve put together three pertinent factors you should further examine:

  1. Future Outlook: What are well-informed industry analysts predicting for STX’s future growth? Take a look at our free research report of analyst consensus for STX’s outlook.
  2. Financial Health: Are STX’s operations financially sustainable? Balance sheets can be hard to analyze, which is why we’ve done it for you. Check out our financial health checks here.
  3. Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of STX? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!

To help readers see past 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. For errors that warrant correction please contact the editor at editorial-team@simplywallst.com.