Feel Secure With This Big Special Dividend

Feel Secure With This Big Special Dividend

This cybersecurity company will likely draw you in with its special $12 dividend, and then keep you for a while.

In the last few days, NortonLifeLock (NLOK), the company formerly known as Symantec before selling its enterprise business to Broadcom (AVGO), announced a $12 per share special dividend. Before discussing that eye-popping special dividend, let’s touch on what the “new” Norton Lifelock is — its remaining business is “dedicated to helping secure the devices, identities, online privacy, and home and family needs” for consumers. Needless to say, as the above connectivity expansion occurs and the number of vulnerable access points increase, in my view, Norton’s business will have a long-term tailwind behind it, especially as data privacy becomes a key issue following the European Union’s General Data Protection Regulation and similar laws that are developing in the U.S., including the California Consumer Privacy Act.

Circling back to the $12 per share special dividend…

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Disclosure: At the time of publication, NLOK shares were a constituent in the Foxberry Tematica Research Cybersecurity & Data Privacy Index.C

About the Author

Chris Versace, Chief Investment Officer
I'm the Chief Investment Officer of Tematica Research and editor of Tematica Investing newsletter. All of that capitalizes on my near 20 years in the investment industry, nearly all of it breaking down industries and recommending stocks. In that time, I've been ranked an All Star Analyst by Zacks Investment Research and my efforts in analyzing industries, companies and equities have been recognized by both Institutional Investor and Thomson Reuters’ StarMine Monitor. In my travels, I've covered cyclicals, tech and more, which gives me a different vantage point, one that uses not only an ecosystem or food chain perspective, but one that also examines demographics, economics, psychographics and more when formulating my investment views. The question I most often get is "Are you related to…."

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