Analysis – NetApp Inc. Increases Dividend by 9%


NetApp Incoporated announced a regular quarterly dividend of $0.18, a 9 percent increase from the prior rate of $0.165 per share. The dividend will be paid at the new higher rate on July 23, 2015, to shareholders of record at close of business on July 10, 2015.

Date Quarterly Dividend
7/10/2015 0.18
4/8/2015 0.165
1/7/2015 0.165
10/8/2014 0.165
7/8/2014 0.165
4/8/2014 0.15
1/7/2014 0.15
10/17/2013 0.15
7/9/2013 0.15

Analysis of Valuation of NetApp Inc. (Symbol NTAP).

NetApp is trading below its average price/book value (P/BV) range.  NetApp is trading toward the top of its average historical dividend yield. 

Price 05/21/15 % Yield 5 Year Div. Growth Rate  BV    2015 P/BV Ratio 10 yr P/BV Low 10 yr P/BV  High 5 yr max Yield % 5 yr lowest Yield %
$31.77 1.90% 10% 21.9 1.89 1.01 8.03 2.04% 1.43%


Explanation:  Dividend growth financial stocks may be valued upon historical relative price/book value and current yield analysis. Dividend financial stocks trading at a low historical price/book value (P/BV) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/BV ratio stocks.  Max P/BV price target is based upon company reaching its highest historical P/BV ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years. Further information on evaluating dividend growth candidates can be found at

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