New Buy AZZ

I pulled the trigger on a missed earnings which caused this company to drop I got in about 10 percent drop. It did drop lower but that’s ok.

AZZ, Inc. engages in the provision of galvanizing, welding, and engineering services. It operates through the Energy and Galvanizing segments. The Energy segment manufactures switchgear, electrical enclosures, medium and high voltage bus ducts, duty lighting, nuclear safety equipment, and tubular products. The Galvanizing segment manages and operates galvanizing for metallurgical process. The company was founded in 1956 and is headquartered in Fort Worth, TX.

I bought 22 shares of AZZ. It pays .68 cents a share. This comes out to 14.69 a year or 3.74 a quarter. Bought it with about a 1 percent rate. It has a 10% 3 year DGR and a 24% 5 year DGR and pays out about 20% so it has plenty of room to grow.

You buy anything lately? Plan on buying on this small dips we have?

Author: dividendsandhobbies

A Christian first and foremost. I love to invest fish grow a garden etc.

2 thoughts on “New Buy AZZ”

  1. Just looked the company up, I’m assuming the company tanked because their earnings didn’t resonate with Wall Street. I like looking at these price moves because there’s a real opportunity to make money when there’s an overreaction to the earnings. Hoping for the best!

    Liked by 1 person

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