TEN risk/reward ‘compelling’ into dividend, says Alliance Global Partners

Alliance Global Partners analyst C. K. Poe Fratt says the weak second half of 2024 stock price performance “creates a compelling risk/reward profile” for TEN, Ltd. (TEN) Friday, December 13, is last day to lock in TEN’s next semi-annual dividend of 90c per share, the analyst tells investors in a research note. The firm says the dividend equates to more than 4.5% of the current stock price. The company’s full year 2024 dividend of $1.50 per share is 50% higher than 2023, Alliance points out. It views the company as “undervalued and under covered” and keeps a Buy rating on the name with a $40 price target