Seeking Alpha
View as an RSS Feed

Dividend Sleuth  

View Dividend Sleuth's Comments BY TICKER:
Latest  |  Highest rated
  • Helmerich & Payne Has Been Feeling Some Unjustified Pain [View article]
    You are right, Heglimp. The change occurred right before I began to study HP. I was impressed with the video the company produced for the outgoing CEO. ("Leave Well," http://bit.ly/1ytdtzf) It communicated a great deal about the company's culture and it also made me more confident that the transition to the new CEO would be smooth.

    As a dividend investor, one of my concerns was whether the new CEO would be supportive of a dividend that was raised so dramatically right before he assumed his new role. The fact that he was already a key leader of the company makes me think we will see more continuity than change. (Of course, there is always the potential that economic events could overwhelm HP's ability to pay the current dividend, but they seem better prepared than most because of their conservative balance sheet.)

    Given your experience in the industry, I'm pleased that you're long HP. That makes me feel better. Your boots are on the ground and your finger is much closer to the pulse, so I hope you'll continue to give us the benefit of your insights. My purchase of HP was clearly outside my comfort zone. My experience in the oil and gas industry has been limited to putting a nozzle in a gas tank!
    Mar 30, 2015. 01:36 PM | Likes Like |Link to Comment
  • Helmerich & Payne Has Been Feeling Some Unjustified Pain [View article]
    For the record, "travelogue" was not my term. I was responding to a now-removed comment that included a reference to Winnie the Pooh.
    Mar 30, 2015. 10:05 AM | Likes Like |Link to Comment
  • Building A Better (Balanced) Dividend Growth Portfolio [View article]
    I made an error above. WPC has raised the dividend at least annually every year since 1997 (18 years), not since 2004. My eye slipped to WEC, which is right below WPC on my spreadsheet. WEC has raised their dividend every year since 2004. It's hard to concentrate with all these basketball games going on.

    WPC started the quarterly increases 56 quarters ago.
    Mar 29, 2015. 05:12 PM | 2 Likes Like |Link to Comment
  • A Day In The Life [View article]
    Thanks for sharing a bit of your story, RS. Many years ago a friend retired from a stressful job and took up day trading. He had various computers in his basement and subscriptions to services that alerted him to micro moves in stocks so he could catch a few cents on an uptick. He knew nothing about the stocks he was trading. One day he showed me his operation and he was frustrated because his sister had called him earlier and in those 15 minutes he missed a trade. I remember feeling a deep sadness as I left his house, aware that he had traded a stressful job for an even more stressful one. It did not have a happy ending.

    Day trading is truly a swim in the deep end of the pool.
    Mar 29, 2015. 08:23 AM | 20 Likes Like |Link to Comment
  • Helmerich & Payne Has Been Feeling Some Unjustified Pain [View article]
    I enjoyed the travelogue, Daniel. I am long HP and although there are still many unknowns in the oil patch, I agree with your basic thesis. This is a great example of the virtue of conservative use of leverage.

    Tigger
    Mar 29, 2015. 08:10 AM | 3 Likes Like |Link to Comment
  • Why I Think Melcor Development Is A Buy [View article]
    Thanks, Cornelius. You have provided some clarity and I agree that SA would be wise to provide more coverage about Canadian stocks and the TSE.
    Mar 28, 2015. 09:31 PM | 1 Like Like |Link to Comment
  • Building A Better (Balanced) Dividend Growth Portfolio [View article]
    WPC has a lengthy track record. The company was founded in 1973. They had been in business for 38 years when they converted to a REIT structure. They've raised the dividend for 56 consecutive quarters. They are #277 on David Fish's list. As a dividend contender, they're increased the payout each year since 2004.
    Mar 28, 2015. 09:25 PM | 1 Like Like |Link to Comment
  • Why I Think Melcor Development Is A Buy [View article]
    Thanks, Kevin, for a great introduction to a not-so-familiar company. I have a few questions for clarification. Are the numbers you're providing in Canadian dollars or US dollars? I see from the company website that the stock trades on the Toronto exchange. The ticker link SA provides in this article is over-the-counter (gray lists). The company website reports their history of semi-annual dividends. The SA info for the OTC shares shows no dividend.

    I realize the semi-annual dividends reported by the company fluctuate with the company's profitability each year. Does the company have a payout policy or do you have a sense of what to expect in dividends?
    Mar 28, 2015. 09:11 PM | 1 Like Like |Link to Comment
  • Building A Better (Balanced) Dividend Growth Portfolio [View article]
    Good question, Maybenot. I've never been good at recording what first drew my attention to a stock. However, I remember WPC. I read a brief recommendation in Forbes by one of their contributors. WPC was trading in the mid-$20s. The writer said it was not officially a REIT but it was a real estate investment company that was essentially a REIT. I couldn't tell any difference. It appeared very similar to NNN and O, etc., in its structure.

    I made the first purchase on July 12 2009 at $23.99. I made a second purchase on Feb 23 2011 at $32.79. They officially converted to a REIT in September 2012. At that time they raised the dividend by 15%. That put them "on the map" because the conversion increased their daily trading volume and (if I remember correctly) it opened the door to more institutional ownership.

    At the time of the announcement, the market price rose 5.6% to $48.00. CEO Trevor Bond was quoted in the news release: “While our disciplined, long-term investment strategy remains the same, as a result of these transactions, we expect that the REIT status, significant increase in real estate under ownership and expected dividend growth will provide our shareholders with a compelling investment and help us further diversify our shareholder base over time, including active and passive REIT investors.”

    Through the years I've read their material and listened to the quarterly conference calls. Their business model from the beginning has been a little different. They manage private real estate funds, which generate fees, and they participate in the capital appreciation of those funds as part owners. The funds tend to merge, or be acquired by WPC, and these have been accretive to earnings. (As DJ points out below, they are significantly involved in overseas real estate. They were among the first of the REITs to expand into Europe.)

    I've bought a few more times on dips (i.e. two purchases in April 2014 averaging $59.55).

    WPC has been the portfolio's best performer. It's up 86% (excluding dividends). GPC is in second place at 36% (excluding dividends). WPC has been the star on the team and I've been reluctant to trade it. Currently, it is tied (with T) for having the 3rd highest yield in the portfolio.
    Mar 28, 2015. 08:02 PM | 3 Likes Like |Link to Comment
  • Federal Realty Investment Trust: The Research And Development REIT [View article]
    Thanks, SRM. I'm thinking similar thoughts. My target to begin nibbling at FRT is $126.55, which equates to a 2.75% yield at the current dividend. I missed the last dip ($111.60 is the 52-week low price). Thanks for sharing your perspective.
    Mar 28, 2015. 07:38 PM | Likes Like |Link to Comment
  • Building A Better (Balanced) Dividend Growth Portfolio [View article]
    I hope that works out well for you, DJ. WPC seems to trade in a price range that provides a yield range of 5.0% to 6.0%, with the price gradually sliding up as they raise the dividend. If the past trend continues, with patience, you should be able to nab some shares at or near 6.0%.
    Mar 28, 2015. 06:57 PM | 1 Like Like |Link to Comment
  • What I Own - Or My 4 Year Forward Portfolio Income Spreadsheet [View instapost]
    Thanks for sharing your portfolio and for your desire to encourage and help new investors.
    Mar 28, 2015. 12:51 AM | Likes Like |Link to Comment
  • A Re-Posting Of Biblical Proverbs That Guide My Investing [View instapost]
    Thanks, Factoids. Thorough, as always. I appreciate your Faithtoids!
    Mar 28, 2015. 12:45 AM | 1 Like Like |Link to Comment
  • Utilities: End Of An Era [View article]
    Touche'
    Mar 27, 2015. 11:49 PM | Likes Like |Link to Comment
  • Utilities: End Of An Era [View article]
    I didn't think of it, Maybenot. I'd be a scaredy-cat to introduce bad karma.
    Mar 27, 2015. 11:37 PM | 1 Like Like |Link to Comment
COMMENTS STATS
2,412 Comments
3,504 Likes