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Barrons - "Speaking of Dividends"
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Posted By Bob Blanchette on 01/21/2008 11:00 AM
Danny,
5 stocks meeting TS quality are APD, BDX, TGT, WAG, and WMT. The 7 with Mergents cross are BAC, BBT, CMA, EMR, FITB, PFE, and USB.
Full disclosure: I own TGT, WAG, BBT, EMR and PFE.
Thanks Bob, looks like a pretty good screened list
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Rank: Advanced Member
Posts: 262
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Rank: Advanced Member
Posts: 42
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Danny,
Interesting article. It reinforces my view that Graham has it right about dividend stocks.
Bob
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Rank: Advanced Member
Posts: 262
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So true Bob, when I hear "It's different this time" that is a signal to run, not walk away from that source.
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Rank: Advanced Member
Posts: 262
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Here's an article from investopedia, note an additional link in the article "the Power of dividend growth"
http://community.investopedia.com/news/IA/2008/Duke_Energy_Is_High_Yield_Royalty.aspx?partner=YahooSA
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Rank: Advanced Member
Posts: 42
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Danny,
Thanks. I do own Pfizer and although not doing well in price appreciation, I am being paid nicely to wait. I also own a utility that I bought on a whim when I first started. I thought if I paid OGE a monthly bill, why not own it. Initially it was not a very good investment but it has done very well. In fact, OG&E was my first annual meeting I attended. The CEO came up to me and asked how many shares I owned. I said proudly that I owned 13 shares (About $30 a share). He said "We all must start somewhere. Don't forget we have a DRIP". He smiled and went on to other shareholders. Paying my electric bill is a tiny bit easy now. (G)
Bob
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Rank: Advanced Member
Posts: 42
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Gene,
If the fundamentals stay good, isn't a down market a buying opportunity. I see several companies that I've wanted to buy but the price was too high. Also I've finding as the price drops my dividend yields are going up.
Bob
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Rank: Advanced Member
Posts: 262
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Good idea Bob, maybe over time you'll have enough shares to pay the power bill some day!
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Rank: Advanced Member
Posts: 262
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I am adding Hank Paulson to my list of idiots...
NEW YORK (MarketWatch) - The largest U.S. banks saw their stock prices slide during a choppy trading day and following remarks by Treasury Secretary Henry Paulson suggesting that banks may need to suspend dividend payments in order to shore up capital. "We are encouraging financial institutions to continue to strengthen balance sheets by raising capital and revisiting dividend policies," ![]() Paulson made the comments as part of a larger speech that called for greater regulatory oversight of lending and the simplifying of financial products. Banks, thrifts and securities firms have lost almost $200 billion in the credit markets since January 2007.
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Rank: Advanced Member
Posts: 262
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I am adding Hank Paulson to my list of idiots...
NEW YORK (MarketWatch) - The largest U.S. banks saw their stock prices slide during a choppy trading day and following remarks by Treasury Secretary Henry Paulson suggesting that banks may need to suspend dividend payments in order to shore up capital. "We are encouraging financial institutions to continue to strengthen balance sheets by raising capital and revisiting dividend policies,"
![]() Paulson made the comments as part of a larger speech that called for greater regulatory oversight of lending and the simplifying of financial products. Banks, thrifts and securities firms have lost almost $200 billion in the credit markets since January 2007.
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Rank: Advanced Member
Posts: 42
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So Paulson wants to cuts dividends and raise capital. I guess that means they should issue more stocks as well. Maybe he should go back to the private sector where he did so well.
Bob
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Rank: Advanced Member
Posts: 262
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Rank: Advanced Member
Posts: 42
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Great article. It peals back the dividend onion.
Bob
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Rank: Advanced Member
Posts: 262
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Rank: Advanced Member
Posts: 262
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Rank: Advanced Member
Posts: 262
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Rank: Advanced Member
Posts: 42
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Danny,
How is PEG computed as it relates to dividends? I understand it is PE divided by growth, but what growth? EPS, Sales,?
Bob
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Rank: Advanced Member
Posts: 105
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I don't see any theoretical basis for "Buying Dividends". As the article itself says ... "Generally, stocks are supposed to drop by the amount of the dividend on the ex-dividend date, similar to mutual funds, which always drop by the dividend amount. But in strong markets, the price of the stock can hold its value."
"Buying Dividends" seems to me to be just very short term speculation on price momentum. What's the difference between holding a stock for a window of a week or so around the ex-dividend date and owning the same stock for a week or so entirely before or after the ex-dividend date? Not much that I can see.
-Jim Thomas
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Rank: Advanced Member
Posts: 42
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This appears to be the reverse of leverage. You spend a lot of money (stock price), to gain a little (dividend). High risk with little proportional reward. If you plan on owning the stock, then this might help in timing, but there are lots of other factors to consider.
Bob
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Rank: Advanced Member
Posts: 262
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Bob as far as I know PEG is not used for computing dividends growth. If that is what you meant? I do pay attention to the dividend growth rate in relation to the EPS growth rate. I like to see div growth in the same neighborhood as earnings growth.
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