As an investor, I look for investments which do 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 Raven Industries, Inc. (NASDAQ:RAVN), it is a highly-regarded dividend-paying company that has been able to sustain great financial health over the past. Below is a brief commentary on these key aspects. If you're interested in understanding beyond my broad commentary, take a look at the report on Raven Industries here.
Flawless balance sheet average dividend payer
RAVN is financially robust, with ample cash on hand and short-term investments to meet upcoming liabilities. This indicates that RAVN has sufficient cash flows and proper cash management in place, which is a crucial insight into the health of the company. RAVN currently has no debt on its balance sheet. This means it is running its business only on equity capital funding, which is typically normal for a small-cap company. RAVN has plenty of financial flexibility, without debt obligations to meet in the short term, as well as the headroom to raise debt should it need to in the future.
Income investors would also be happy to know that RAVN is a great dividend company, with a current yield standing at 1.7%. RAVN has also been regularly increasing its dividend payments to shareholders over the past decade.
For Raven Industries, there are three key aspects you should further examine:
- Future Outlook: What are well-informed industry analysts predicting for RAVN’s future growth? Take a look at our free research report of analyst consensus for RAVN’s outlook.
- Historical Performance: What has RAVN'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.
- Other Attractive Alternatives : Are there other well-rounded stocks you could be holding instead of RAVN? Explore our interactive list of stocks with large potential to get an idea of what else is out there you may be missing!
We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material.
If you spot an error that warrants correction, please contact the editor at email@example.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned. Thank you for reading.