MOCON, Inc. (NASDAQ: MOCO) revealed Friday that its Board of Directors declared a quarterly cash dividend of $0.11 per share. On an annualized basis, the dividend worked out to $0.44 a share. Currently, the dividend offered a yield of 3.2 percent, which is higher than the five-year average dividend yield of 2.9 percent.
Mocon said the dividend would be payable on August 26 to shareholders of record on August 12. The Company claimed that it has consistently been paying dividends since 1984.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
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27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
The current dividend represented 100 percent payout ratio, which is higher than the five-year payout ratio of 98 percent.
Shares of the company traded 0.7 percent down on Friday.