The Industrials Sector includes twenty-three industries all related to designing, fabricating and servicing stuff we want and use. The industrials industries range from aerospace and defense to waste management with all the transportation, business services, and equipment required in between.
Today I'm reviewing a Large Cap French-based Waste Management firm offering water supply, treatment and recovery of industrial effluent, waste collection, processing, recycling and other services worldwide.
The company's name is Veolia Environnement S.A. It's trading ticker symbol is VEOEY.
It provides drinking water to 96 million people; wastewater treatment services to approximately 62 million people; waste collection services to 40 million people; and supplies heating to approximately 8.3 million people.
The company was formerly known as Vivendi Environnement and changed its name to Veolia Environnement S.A. in 2003.
Veolia Environnement S.A. was founded in 1853 and is headquartered in Aubervilliers, France.
I use three key data points gauge the value of any dividend equity or fund like Veolia Environnement S.A.:
(1) Price
(2) Dividends
(3) Returns
After those three, four more keys will finally unlock an equity or fund in which to invest.
No matter what, it's the first three primary traits that best tell whether a company has made, is making, and will make money.
VEOEY Price
Veolia Environnement's price was $24.59 per share at yesterday's market close. A year ago its price was $20.63 for a gain of $3.96 per share in the past year.
Assuming VEOEY's price will continue to trade in the range of $20.00 to $29.00 next year, its price could grow another $3.96 from $24.59 to $28.55 by early May 2019.
RANJY Dividends
Veolia Environnement's most recently declared variable annual dividend was $1.03 per share declared in May 2 and payable next month. That $1.03 annual dividend for 2018 yields 4.2% at yesterday's $24.59 stock price.