Thanks for writing. They just announced another fairly substantial dividend increase (10+% if I recall correctly), but I agree about the long run being the area for concern.
International Dividend Growers: Australia Edition [View article]
I am not 100% certain, which is why I didn't write something in the article. I think there are two issues to look into: franked vs. unfranked dividends, and how the US treats the dividend income. My understanding is that the dividend is fully "franked" if the australian company paid tax at the full corporate rate of 30%. If the corporation's tax rate was lower, the dividend is partially franked. As a non-australia resident, I think you would not pay withholding tax to australia if the dividend is fully franked but would pay 15% withholding on unfranked portions.
The US does have a tax treaty with Australia (http://1.usa.gov/14kkdl1), which includes the language "With respect to taxes on investment income, the Convention provides that the tax at source may not exceed 15 percent on dividends and 10 percent on interest and royalties." as well as "double taxation shall be avoided as follows: (a) the United States shall allow to a resident or citizen of the United States as a credit against United States tax the appropriate amount of income tax paid to Australia".
Hopefully someone with direct experience in this area can comment.
5 Energy Sector Stocks With Potential To Reach 15% Yield On Cost In 10 Years [View article]
Thank you for reading and commenting. In part, the reason I included the F-score, which wasn't part of the earlier article you mentioned if I recall correctly, was as a first check for business improving from previous year. I definitely understand and appreciate your point about running while looking backward and think that screens such as this one are only a starting point for investment. I use this sort of screen to narrow down the investment field, and from there, I think investors can do due dilligence on individual names they find interesting.
Great, thank you for sharing your thoughts as a former shareholder. I do particularly like the explicit focus on getting cash back to shareholders through dividends and buybacks as well.
Incidentally, just saw this: http://bit.ly/14Xm0jX on Morningstar. Focused on publishers successfully increasing magazine readership in electronic formats.
hmm, that's a bit tough. i feel like it's in transition and if it succeeds, that it will have a pretty good run ahead, so I feel pretty comfortable waiting to see. that said, if I wake up tomorrow and the price is around $27 for reasons that don't appear to affect the underlying business, I would have a hard time saying no. Around $32 and I will get serious reading annuals, the latest quarterly, and earnings call transcripts to form my own more definite impression of the long term so that I can react accordingly.
All Star Battle: Graham Vs. Piotroski [View article]
Great to see articles like this. Was Piotroski's proposal more market neutral? By which I mean, the idea is to go long things that score highly on the checklist and to short things that scored very poorly. Have you run any backtests that include a significant short component?
The Bank of Nova Scotia: Yearly Checkup [View article]
I use Fidelity which has a synthetic DRIP for free. Original trade was 7.95 as commission, but all dividend reinvestment is free. I don't recall any hassle, but next time I look at my statement if I see something weird, I will report back.
5 Energy Sector Stocks With Potential To Reach 15% Yield On Cost In 10 Years [View article]
I'm not sure that you are wrong. One of the attractions of Dividend Growth Investing is that you can try to increase your income stream at more than the rate of inflation. If inflation really is 8% a year for years on end, then I'm in a lot of trouble. But what was the alternative investment that I would have made that was going to beat this year after year after year?
Part of the reason I like DGI is that it gives me a very coherent investing framework that I can implement. I want to get as high of a future YoC as is reasonable, and I hope that it will outpace inflation. I can't control inflation but I can control what I invest in and what I hope that investment will achieve for me.
I'm long NSC. They have a fairly explicit plan in which they pay and increase their dividend. they also have a stock buyback that goes up as price goes down (although they don't publicize the exact formula).
5 Energy Sector Stocks With Potential To Reach 15% Yield On Cost In 10 Years [View article]
The gurufocus website has it on their main information page for a stock ticker. I went through manually and entered all tickers I was interesting in to get it. I think if you pay membership, you can screen by F-score, but I was just using the free materials. It's baffling hard to find from other locations.
Safeway: Dividend Growth Stock Analysis [View article]
International Dividend Growers: Australia Edition [View article]
The US does have a tax treaty with Australia (http://1.usa.gov/14kkdl1), which includes the language "With respect to taxes on investment income, the Convention provides that the tax at source may not
exceed 15 percent on dividends and 10 percent on interest and royalties." as well as "double taxation shall be avoided as follows:
(a) the United States shall allow to a resident or citizen of the United States as a credit against United States tax the appropriate amount of income tax paid to Australia".
Hopefully someone with direct experience in this area can comment.
5 Energy Sector Stocks With Potential To Reach 15% Yield On Cost In 10 Years [View article]
Safeway: Dividend Growth Stock Analysis [View article]
Safeway: Dividend Growth Stock Analysis [View article]
Meredith Corporation Dividend Growth Stock Analysis [View article]
Meredith Corporation Dividend Growth Stock Analysis [View article]
Meredith Corporation Dividend Growth Stock Analysis [View article]
Meredith Corporation Dividend Growth Stock Analysis [View article]
All Star Battle: Graham Vs. Piotroski [View article]
The Bank of Nova Scotia: Yearly Checkup [View article]
5 Energy Sector Stocks With Potential To Reach 15% Yield On Cost In 10 Years [View article]
Part of the reason I like DGI is that it gives me a very coherent investing framework that I can implement. I want to get as high of a future YoC as is reasonable, and I hope that it will outpace inflation. I can't control inflation but I can control what I invest in and what I hope that investment will achieve for me.
5 Energy Sector Stocks With Potential To Reach 15% Yield On Cost In 10 Years [View article]
Should You Buy CSX Corporation? [View article]
5 Energy Sector Stocks With Potential To Reach 15% Yield On Cost In 10 Years [View article]