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  • A Case For Passive Income From Stock Dividends [View article]
    Wow. Just, wow.
    Apr 15, 2014. 10:22 AM | 6 Likes Like |Link to Comment
  • How Much Does Seeking Alpha Pay Its Contributors? [View article]
    Yes, the option to "ignore" specific authors would be a huge welcome. And would probably provide the editors with extremely valuable and actionable information.
    Apr 10, 2014. 01:05 PM | 27 Likes Like |Link to Comment
  • Procter & Gamble declares $0.6436 dividend [View news story]
    Yes, not a bad raise for a huge, mature company like PG. But, as I've explained in detail here:, the quality of this raise depends on whether PG will be able to get earnings moving in the right direction again.
    Apr 7, 2014. 09:04 AM | Likes Like |Link to Comment
  • Janssen submits new drug application for HIV therapy [View news story]
    I've said several times before that JNJ is such a giant that any particular new drug or product is unlikely to move the needle significantly, in terms of earnings or share price growth. But in aggregate, these are the types of moves that make JNJ one of the most successful companies on the planet. Sounds like this drug could simplify treatment for lots of patients and hence could be very desirable. Join great forum discussion of JNJ as a dividend growth machine here:
    Apr 1, 2014. 10:27 AM | Likes Like |Link to Comment
  • More on Ford's U.S. sales [View news story]
    I'm not sure if I'd buy a lot of F at these prices, but the company seems to be executing incredibly well these days, and when it was back below $10 (which was not all that long ago), it was a pretty easy buy. Good discussion here:
    Apr 1, 2014. 09:54 AM | Likes Like |Link to Comment
  • Apple: Yes To iPad Pro [View article]
    The only things that EVER crash on my iMac are Word for Mac and Excel for Mac. Am very curious about the quality / stability of these iPad apps.
    Mar 29, 2014. 02:27 PM | 1 Like Like |Link to Comment
  • Wal-Mart looks for bigger piece of home improvement business [View news story]
    I doubt Wal-Mart will be able to do serious harm to the business of either Home Depot or Lowe's, but adding home improvement could help its own bottom line. WMT is a dividend growth machine, as discussed here:
    Mar 22, 2014. 09:07 AM | Likes Like |Link to Comment
  • EMA gives thumbs up to Olysio [View news story]
    With a company the size of JNJ, each individual announcement like this is unlikely to move the needle. But JNJ is an incredible company, and all of its moves in aggregate make it an excellent core holding for the long term. Join discussion of JNJ as a dividend growth prospect here:
    Mar 21, 2014. 11:28 AM | Likes Like |Link to Comment
  • Total Dividend Return Will Guide My 2014 Investment Decisions [View article]
    Very helpful and level-headed response. Thanks Chowder!
    Mar 10, 2014. 11:50 PM | 1 Like Like |Link to Comment
  • Total Dividend Return Will Guide My 2014 Investment Decisions [View article]
    Bob Burnett -- See my full comment down at the bottom of the comments. I think you are correct that it is apples and oranges.
    Mar 10, 2014. 10:11 AM | Likes Like |Link to Comment
  • Total Dividend Return Will Guide My 2014 Investment Decisions [View article]
    I want to state clearly and up front that I am a fan of both Chowder and Bob Wells. Both are great contributors to the dividend growth community here on SA.

    But when I read this article and all of the comments to it, I feel like I am taking crazy pills. As just a shorthand way of thinking about the balance between yield and dividend growth, the “Chowder number” is innocuous enough. But it seems to be taking on a life of its own in a way that may be misleading to new dividend growth investors. I can think of no rational basis for adding the yield to the dividend growth rate and using the result as a metric for evaluating a dividend growth stock. And this article goes even further to suggest that the result is some sort of approximation for total return.

    I’ve posted my thoughts much more fully over at DGF (see: But the crux of my concern is this: On the face of it, you are adding numbers that are entirely different. Yes, they are both expressed as percentages, but that does not mean that they are in the same “units,” if you will. Yield is the percentage of your purchase price that you will receive in dividends. The dividend growth rate is the rate at which the dividend has grown. If shares of company XYZ yield 3 percent, and the dividend has a growth rate of 10 percent, the resulting Chowder number of 13 does not measure anything. You are not getting 13 percent of anything, and there is nothing that is growing at a rate of 13 percent. The yield and the dividend growth rate are both important numbers, and there is a relationship between the two, but they must be evaluated separately in light of each other, and not falsely rolled into a single number.

    I hope that I am just overlooking something obvious, and I truly will be glad for further explanation. As a simple way to get folks to think about the relationship between the yield and the dividend growth rate, I guess that I am ok with the Chowder number concept. But I worry that calling this a “rule” and suggesting that it is some sort of a measure of total returns suggests a mathematical relationship and precision that simply does not exist and may be very misleading, especially to newer investors.
    Mar 10, 2014. 10:05 AM | 3 Likes Like |Link to Comment
  • REIT investors eye weak retailer results, store closing plans [View news story]
    Long-term holders of O are not worried, and are buying on weakness:
    Mar 6, 2014. 10:54 AM | 4 Likes Like |Link to Comment
  • Here come the tobacco mergers [View news story]
    I doubt it, locutus! Not even sure about LO and RAI. More power to them, I guess, but I'm not sure I see exactly how "the rapid emergence of e-cigarettes" plays a big role in whether they merge. Discuss the possible merger over here:
    Mar 6, 2014. 10:52 AM | 1 Like Like |Link to Comment
  • Procter & Gamble looks to protect diapers edge [View news story]
    While the "perfect" diaper would be nice, P&G certainly doesn't need it to prosper! Join discussion of PG as a dividend growth stock over at DGF:
    Mar 4, 2014. 02:37 PM | Likes Like |Link to Comment
  • Coca-Cola Cheap Considering Its Real Moat: Strategic Checkmate Power [View article]
    Agree -- very nice article that focuses on more than the usual angles of this well-covered stock.
    Feb 23, 2014. 09:59 PM | 1 Like Like |Link to Comment