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This summary was created by AI, based on 2 opinions in the last 12 months.
Evertz Technologies Ltd. (ET-T) is a telecommunications company that primarily focuses on television streaming over the Internet. The firm is tightly held by its founders, who control over half of its shares, indicating strong insider confidence. It's recognized for its stable revenue streams, although growth appears to be relatively slow. Investors appreciate the company for its generous dividend yield of 6%, which is supplemented by special dividends approximately every 3 to 4 years, potentially reaching up to 10% of its capitalization. Overall, while not positioned for massive gains, Evertz offers a steady income stream attractive to dividend-seeking investors.
(A Top Pick Feb 27/19, Up 8%) A go-to name. They had many good earnings beats. They started to build a stake in a Belgium company, but they sold it and took a profit. ET paid a special dividend, but afterwards the stock dipped. There's still earnings growth here. They're taking market share aware. ET will benefit from Disney and others entering streaming, because ET sets up the equipment to use cloud computing.
He owns this in his dividend fund. It is a well run company. The market for TV studios is very limited. The company is profitable and every couple of years, they pay an extra dividend. He likes to buy it below $15 and either sell it in the $20 range or collect the large special dividend. It normally offers a 3.5% to 4% yield (current yield is 4.3%), but every 2-to-3 years, it pays an additional dollar, which works out to be an extra 5 to 10%.