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Exelon Corporation (EXC) declares $0.31/share quarterly dividend, 41% decrease from prior...

Exelon Corporation (EXC) declares $0.31/share quarterly dividend, 41% decrease from prior dividend of $0.525. Forward yield 3.33%. For shareholders of record May 15. Payable June 10. Ex-div date May 13. (PR)
Comments (21)
  • Wow, dodged that bullet almost bought this stock a few months back for the divi. Probably a smart move for them though.
    24 Apr 2013, 03:22 PM Reply Like
  • They announced the cut a couple of months ago.
    24 Apr 2013, 03:25 PM Reply Like
  • ah I must have missed the announcement somehow
    24 Apr 2013, 03:27 PM Reply Like
  • You also missed a 25% increase in stock price...
    24 Apr 2013, 07:50 PM Reply Like
  • while the 25% increase in stock price is nice mix, it wouldn't have mattered to me as this would have been in my long term portfolio
    25 Apr 2013, 08:29 AM Reply Like
  • I never understand this kind of either/or thinking, ie, "I buy a stock just for the dividend, I don't care if it goes up or down". But to each his own!
    26 Apr 2013, 12:09 PM Reply Like
  • Wow. Who would have thought super stable EXC ends up there? Isn't this a good short now?
    24 Apr 2013, 03:25 PM Reply Like
  • Old news.
    24 Apr 2013, 03:31 PM Reply Like
  • Sure wish I'd bought more when the world was coming to an end at $28 a couple months ago.
    24 Apr 2013, 03:40 PM Reply Like
  • Some of us did, even though the Seeking Alpha group-think was that we were nuts.....so I am happy with the rise in the price, even though the dividend went down by half. I think it has paid for itself now.
    Sometimes bad news is the better time to buy a stock.
    24 Apr 2013, 03:52 PM Reply Like
  • Well, I do get why the prevailing sentiment was what it was. It had been a falling knife for a while. An author named "Saibus Investments" was on here every week like Groundhog Day to bash it with the same argument over and over. It was hard to know when NG prices might stabilize finally (the main driver down for EXC). It was easy to start doubting your own thoughts on the stock.

     

    But props to you for biting again when it bottomed out! It was stable there for a few weeks after they finally cut the dividend - that should have been my cue.
    26 Apr 2013, 12:13 PM Reply Like
  • Old news. They had to cut the divy to protect their credit rating.

     

    I've been in EXC for a while now, and added some more when it dipped to the $29 level.
    24 Apr 2013, 03:55 PM Reply Like
  • and Exc CEO Crane got his big pay increase.
    24 Apr 2013, 05:58 PM Reply Like
  • I`m well invested in Exelon and have been for 25+ years. You can`t run every time one of your investments corrects (minus). Sometimes it splits like it did in 2004. Made out like a bandit. Gotta take the good with the bad and ride it long term. It`ll be back !!!
    24 Apr 2013, 06:21 PM Reply Like
  • Just to clarify when they introduced the dividend cut from 0.525 it was a cut to 31c correct and not higher, cause if this cut is more than what they said, stock will get hammered!!!
    24 Apr 2013, 10:21 PM Reply Like
  • This is a great stock for the dividend decrease investor.
    24 Apr 2013, 10:59 PM Reply Like
  • Where's everyone been? This was announced months ago, and was generally greeted positively by Mr. Market, as it enabled them to shore up their credit rating, which is all important to utilities who do a lot of borrowing.

     

    Since then, the stock has risen with the market, while before it was languishing. Whether or not management can take advantage of this breather is another question. Their track record over decades has been shaky at best.
    25 Apr 2013, 10:10 AM Reply Like
  • I just really wish last year the board and executive management team had not made the public open commentary to keep the $ dividends the same.

     

    I took their comments as a sign from the board and management that the $ dividend was safe and that they saw a turn around coming sooner rather than latter.

     

    I have sour grapes because shortly after they made that big announcement I bought a lot of exc over $40.

     

    My bad bet on exc..... : + ]
    25 Apr 2013, 12:48 PM Reply Like
  • i did the same thing rr. they crane even said they would borrow money to keep the dividend if they had to. the best part is, duk and scg was down as well. so anyone who sold when exc tanked, then bought duk, got a better return and a better dividend yield. i lost a lot of money on exc. but i am already back and then some thanks to duk and scg. i also hope you sold and took the loss on your taxes.
    25 Apr 2013, 01:13 PM Reply Like
  • @rr.... & spinr....

     

    I believe that if you read the last 2012 earnings call, mgmt. definitely left open the possibility of a dividend cut.
    27 Apr 2013, 09:48 AM Reply Like
  • smurf, i know. thats when it went down and i sold mine. it was in august, and i think either sept or oct when they reaffirmed their deep commitment to the dividend. they reaffirmed the commitment twice. then a couple of months later they more or less said they may cut.
    27 Apr 2013, 11:24 AM Reply Like
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