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Exquisite Decay

Exquisite Decay
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  • 6 Companies With The Power Of 5/15 Dividend Growth [View article]
    There are not any to my knowledge. The closest is Stryker (SYK) with at least 16% dividend growth every year for 13 years.
    Jan 21, 2015. 11:52 PM | 2 Likes Like |Link to Comment
  • 3 Companies With Better Dividends Than AT&T? [View article]
    @ giofls said "Mr. Market is rarely this foolish."

    Mr. Market is frequently this foolish and can be for long periods of time. Not saying that is the case here. I just disagree with your premise.
    Jan 11, 2015. 12:04 PM | 8 Likes Like |Link to Comment
  • Philip Morris: The Yield Monster Grows [View article]
    "...executives pump out a big dividend in order to maintain investor interest." No, in this day and age, a large cash pile left on its books would attract lawsuits. That's one of the big reasons why tobacco companies have higher payout rates. Plus, as a mature industry they do not need to spend a lot of money on R&D or capex.

    "...the less money they have available for things like marketing." and "Over time, that premium means a lower advertising budget."
    That's the result of laws passed that severely restrict tobacco companies' advertising. It's not because the tobacco companies wouldn't want to spend the money on advertising.
    Dec 16, 2014. 01:23 AM | Likes Like |Link to Comment
  • Dividend Contenders: 26 Increases Expected In The Next 11 Weeks [View article]
    NWFL announced its dividend for the first quarter of next year. It is in-line with the prior dividend payment of $.30. So no increase.

    Long NWFL.
    Dec 12, 2014. 09:22 PM | Likes Like |Link to Comment
  • Norwood Financial declares $0.30 dividend [View news story]
    Had hoped for a small increase in the dividend with this announcement; like the previous few years.
    Dec 12, 2014. 04:26 PM | Likes Like |Link to Comment
  • Helmerich & Payne Added To Portfolio [View article]
    Per an 8-k filed 2 December 2014, HP BOD "...declared a quarterly cash dividend of $0.6875 per share on its common stock, payable March 2, 2015, to stockholders of record at the close of business February 13, 2015."

    This makes the third dividend at $.6875. It does not surprise me. See my post above regarding HP reverting to its former dividend policy. Earliest I see a dividend increase is its September 2015 payment. That will be a year from the most recent raise.

    Given a choice, I would rather see HP take advantage of its current low stock price and use its cash to buy back more stock shares rather than raise its dividend for the time being.

    Added to my HP position yesterday just below $68.
    Dec 3, 2014. 01:29 AM | 3 Likes Like |Link to Comment
  • Helmerich & Payne Added To Portfolio [View article]
    @WDL wrote: "Before that it took them from May 1994 until Aug 2011 to go from $0.03/qtr to $0.07/qtr."

    That is about a 5.11% CAGR over that period.

    I agree that HP cannot sustain it dividend growth that we have seen over the past two years. Owners of HP and those considering buying it need to understand that these last two years were an aberration both in percentage increase of the dividend and number of increases within a given time period(every six months). Until recently HP's dividend was a nominal amount and was only increased about every six quarters but the overall dividend paid per share was higher every year. (What David Fish calls an Alternator in his CCC list.) If one looks at HP's cash flow statement the total dollar amount paid for dividends is about 9 times higher for this past year(FY 2014) than for FY 2012. I suspect that going forward we will see a reversion to its old pattern of dividend increases - don't expect double-digit increases in the dividend every six months.

    Long HP.
    Dec 1, 2014. 11:16 AM | 2 Likes Like |Link to Comment
  • Helmerich & Payne Added To Portfolio [View article]
    In your article you write that during the July 31, 2014 earnings call CEO John Lindsay said "... we continue to have an opportunistic-type view, and we think at this stage the most effective way to return value to shareholders is through cash back to shareholders versus buying back shares at this time." I have been going through HP's most recent 10-k(for FYE 30 Sept 2014), which was filed a few days ago on 26 Nov 2014. HP seems to be adhering to that view. Back when the CEO said that, HP's stock was trading near its all-time high of $118. The 10-k reports that no stock was bought back during FY13 or FY14; however, subsequent to the 30 Sept year-end and the filing of the 10-k, HP did purchase 414,992 common shares for $32.3 million or an average price around $77.83 per share. I would like to think that HP was buying more if its shares this past Friday when the stock price fell below $70/share.

    Long HP.
    Nov 30, 2014. 08:03 PM | 4 Likes Like |Link to Comment
  • Finding Liquid Gold With Helmerich & Payne [View article]

    Where did you get the information that HP sold its holdings in Atwood Oceanics? HP's most recent 10-k filing, dated 26 Nov 2014, shows that as of 30 Sept 2014 HP still had 4million shares of Atwood. I have found no mention of any subsequent event about selling any Atwood shares. If I have missed this info please let me know.
    Nov 30, 2014. 02:24 AM | Likes Like |Link to Comment
  • Philip Morris: Taking Correct Initiatives [View article]

    Consider, if PM had cash on its balance sheet equivalent to what Apple has; that cash pile would attract lawsuits. That's one of the reasons why tobacco companies have higher payout rates.
    Nov 27, 2014. 12:29 PM | 2 Likes Like |Link to Comment
  • Intel rallies after upping dividend, setting 2015 guidance [View news story]
    It does not have to be either or. I would rather that the share price increase of 50-80% be driven by earnings growth, not solely from multiple expansion. That way it can support a higher share price and higher dividend.
    Nov 20, 2014. 10:20 PM | Likes Like |Link to Comment
  • Tracking Warren Buffett's Berkshire Hathaway Portfolio - Q3 2014 Update [View article]

    Just to be clear - he, Warren, did not pull out of DE. The DE buy/sell was made by Ted or Todd.
    Nov 19, 2014. 02:50 PM | 1 Like Like |Link to Comment
  • Dividend Champions: 11 Increases Expected By The End Of January [View article]
    I forgot to add that I am long BDX and like you I sleep well owning it.
    I was hoping that it would go down during the recent correction(?), but no, the announcement of the purchase of CareFusion made sure that wasn't to be.
    Nov 17, 2014. 05:14 PM | 1 Like Like |Link to Comment
  • Dividend Champions: 11 Increases Expected By The End Of January [View article]
    Thank you Dave.
    If BDX follows its long tradition, it will announce a dividend increase on the Tuesday before Thanksgiving Holiday. Its revenues and EPS continue to go up which should easily support a dividend increase of 10.01% to $.055/qtr. or $2.40 annual. Whatever the increase I will be thankful.
    Nov 17, 2014. 11:05 AM | 3 Likes Like |Link to Comment
  • Berkshire ups GM stake, exits Deere, buys into Express Scripts [View news story]
    DE was a small position for Berkshire, so it was probably a buy/sell by Ted or Todd, not Warren.
    Nov 16, 2014. 12:33 PM | Likes Like |Link to Comment