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  • Hey Sun Life, Where's My Dividend Growth? [View article]
    When I bought Sunlife its yield was 6%, so 3.9% is decent, but I feel like for a dividend plateau company you'd want a higher yield. In the end I still prefer dividend growth companies. I feel like dividend plateau companies might be more important if you are looking for income. I'm early in my investing career, so I want to focus on dividend growth in order to maximize the effects of compounding dividends.
    Jan 17, 2014. 09:36 PM | 1 Like Like |Link to Comment
  • C.H. Robinson Worldwide: Accumulate On Dips [View article]
    As a shareholder I was hoping for a dividend increase in December as well. I've been trying to figure out why they didn't raise it, but I haven't found much information out there.

    One thing that I did notice is that on October 29, 2012 CHRW entered into a "credit agreement [that] provides the Company with a $500 million senior unsecured revolving credit facility".

    "The Credit Agreement requires the Company to maintain its leverage ratio as of the end of each fiscal quarter at no more than 0.65 to 1.00"

    I've been having some trouble figuring out how they calculate the leverage ratio. They describe it as the ratio of the Company’s consolidated funded debt to the Company’s consolidated total capitalization. I'm not entirely sure what they mean by this. If you look at the most recent 3rd quarter results (September 30, 2013) on the Consolidated Balance Sheet they show total liabilities of $1,903,005,000 (my guess is that this represents consolidated funded debt) and total liabilities and stockholders’ investment of $2,891,568,000 (my guess is this represents consolidated total capitalization). This works out to a 0.6581 to 1.00 ratio. This is right on the line, so this could be a reason they didn't increase the dividend. KEEP IN MIND THAT I AM STILL NOT SURE IF I'VE CALCULATED THIS RATIO CORRECTLY, as I don't fully understand what they mean by consolidated funded debt or consolidated total capitalization.

    I'd appreciate any comments because frankly I'm still a little stumped. I'm hoping they address the dividend better in the next quarter.
    Jan 8, 2014. 11:38 PM | Likes Like |Link to Comment
  • The Lesser-Known Canadian Dividend All-Stars [View article]
    I'm not sure, sorry.
    Jul 16, 2013. 08:57 AM | Likes Like |Link to Comment
  • Dividend Champions For June 2013 [View article]
    Thanks David!
    Jun 23, 2013. 02:12 AM | Likes Like |Link to Comment
  • Dividend Champions For June 2013 [View article]
    Hey David,
    Can't thank you enough for the list and all its information. I was preparing a dividend stock analysis for my blog on CH Robinson Worldwide (CHRW) and I get a dividend streak of 13 years, not 16. In 1999 you have dividends of $0.07, but I think it should be $0.08 which is the same as 2000. I got the info from the company website:

    Am I missing something?
    Jun 22, 2013. 12:58 PM | Likes Like |Link to Comment
  • Quickly Identifying Undervalued Dividend Growth Stocks In The Updated Canadian Dividend All-Star List [View article]
    No problem. Thanks for stopping by.
    Jun 5, 2013. 08:50 PM | 1 Like Like |Link to Comment
  • The Lesser-Known Canadian Dividend All-Stars [View article]
    Fair point. I've submitted a correction.
    Mar 4, 2013. 04:32 PM | Likes Like |Link to Comment
  • The Lesser-Known Canadian Dividend All-Stars [View article]
    The point of the article was to identify companies with 5 or more years of dividend increases that were not already included in the dividend aristocrat or achievers list. Pason Systems is on both of these lists. You'll also find it in the full Canadian Dividend All-Star List.

    Pason has had some strong dividend growth in the past, but it's current P/E and payout ratio are too high for my liking. I'd consider it more if these dropped.
    Mar 4, 2013. 03:42 PM | Likes Like |Link to Comment