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  • Why Did The Market Reject Ford's Special Dividend?  [View article]
    I, for one, willingly and appreciatively, accept the added dividend bonus. I find it inappropriate to speculate too widely on all kinds of negative interpretations for Ford's decision to do so. It may very well be, as the comments above suggest, that short-term (during 2016) Ford did not see any highly useful place to invest this particular amount of cash. Repeat: it is short-term. It is well within Ford's ability to pay it. It does not build into Ford's regular dividend pay-out a commitment of future earnings during such a volatile, confusing and unsettled time in the economy and in world markets. If I were a CEO in such a position, I, too, would be reluctant to build in a "permanent" (admittedly, NO dividend is necessarily permanent), increase in the regular dividend payout, during such an environment. A reward to loyal shareholders might very well be the best investment to make at this particular time. Again, I myself, welcome the additional earnings that I can use for future investments. And, of course in my own particular situation, it is somewhat tax-preferential as a qualified dividend. That, too, isn't all bad.
    Jan 13, 2016. 04:35 PM | 9 Likes Like |Link to Comment
  • Chevron At 5% Dividend Yield - Is It Finally Time To Fill Up The Tank, Or Is The Tank Empty For Good?  [View article]
    I do not have the financial knowledge of many of the previous investors who have commented. I base my future decisions about CVX on my experience with a history of ups and downs since I opened my CVX DRIP in 1992. I also base it on similar experiences with the boom years and bust years of other of my stock holdings, similarly held for a long time. For example, WFC significantly reduced its dividend in 2009 (from .34 to .05) as a result of the bank fiasco. Because I believed that WFC had a competent management and was feeling pain mostly because of factors outside of the control of the company, itself, I held on, continued to buy shares, and even increased my purchases. WFC's dividend has recovered and is now modestly over what it was before it fell. Its stock price has appreciated nicely and I am receiving a very respectable dividend on shares I continued to buy at bargain prices. (My yield on those shares well exceeds any other investment I might find today). One other example: I held steady with my Merck shares during the Vioxx challenge years. The stock price fell, but the company, in its wisdom, somehow managed to maintain the dividend. The stock has now recovered and the future looks quite bright for Merck at this point.

    That's a long way of saying that I see some similarities in WFC and MRK with CVX. As for the dividend, I personally hope that the company DOES NOT increase the dividend for the near future -- at least until the energy picture settles out and we are clearer about the future. I would rather see CVX accept some pain in order to maintain its basic health and solvency than try to unrealistically increase a dividend to please Wall Street (and short-sighted investors). Having had the WFC experience, I, personally, would continue to hold -- and buy additional shares of CVX, even if it needed to reduce its dividend for a time. Obviously, I hope conditions will change, hopefully sooner than later, and that any pain will be short-lived and minimal. A conclusion is that I believe in this company (and stock). It has been very good to me with stock gains and dividend income. I view the current situation as somewhat of a "blip" in a constant demand for energy that will continue in my lifetime. And, I've experienced two very good examples before of similar "hits" on my big-cap dividend stocks, which have later turned out very favorably. I'm trusting that this one does also.
    Aug 18, 2015. 10:18 PM | 19 Likes Like |Link to Comment
  • Chevron's 4.6% Dividend Yield Is A Once-In-A-Decade Opportunity  [View article]
    I've bought CVX steadily since 1992, within a DRIP investment. Over those many years, I've added to my position religiously with an investment almost every month. I have usually invested more in months where the share price is low, and held the investment steady or lower in months where the price is much higher. And, of course, every quarter my reinvested dividends also significantly add to my voluntary monthly investment. I plan no changes in my investment strategy now.
    Jul 14, 2015. 04:33 PM | 4 Likes Like |Link to Comment
  • Chevron declares $1.07 dividend  [View news story]
    That's fine with me. I hold significant shares in XOM, too. I continue to believe in both CVX and XOM, long term.
    May 3, 2015. 10:47 PM | Likes Like |Link to Comment
  • Chevron declares $1.07 dividend  [View news story]
    I expected a hit, too. Consequently, I bought more. I have no doubts CVX will rebound (as will oil prices). This may not happen next quarter, or even before the end of 2015, but it will happen. I truly believe that those who buy now, will rejoice later. I had the same belief with my WFC stock DRIP. I bought heavily when it was way down. Not only has its dividend increased very well, so has its share price. Think long term and make an assessment that the company is a quality one, and you won't go wrong, in the long term.
    May 3, 2015. 10:45 PM | Likes Like |Link to Comment
  • Chevron declares $1.07 dividend  [View news story]
    I was disappointed, like many investors, I suspect. However, it probably was a prudent decision. Hopefully it will be simply a one or, at the most, 2 quarter hiatus before a dividend increase is once again announced. Considering all the pressure on the oils, and the significant reduction in earnings, the fact that the dividend was maintained at the same generous level is a plus. Also, the lower stock price (already showing signs that the worst may very well be over) continues to present an excellent buying opportunity.
    Apr 29, 2015. 11:09 PM | 1 Like Like |Link to Comment
  • Merck Strips Out Cubist  [View article]
    I was delighted to read KJ5's comments. It brings back memories of the Merck that I was a part of. The many years I spent at Merck were always based on George Merck's wonderful quote. We truly did believe that, even in the most mundane aspects of our jobs (EVERY job has its mundane aspects!), our activities contributed primarily to provide people with the best in medicine that we could produce. Do Merck employees still feel that noble calling in their activities? I really don't know, because I'm long retired. I can only hope they do, and I suspect that if they do, Merck will once again regain its reputation as one of the most admired, and most productive, of the drug companies. Much has changed over the years; hopefully, George Merck's view of Merck's mission, hasn't.
    Mar 26, 2015. 11:32 PM | Likes Like |Link to Comment
  • My Dividend Portfolio: Adding Wells Fargo  [View article]
    I've never found tax computations to be particularly difficult with my DRIPS (in the case of the few I've cashed in). For each of my DRIPS, I maintain an on-going spread sheet of every additional cash investment, every reinvested dividend. I can compute, at a glance, what my basis is, both long-term and short-term (of which there are usually few, since they represent only the most recent investments). In fact, I do this at the end of each quarter when I compute net worth figures for my investments. While this may sound onerous, if one records the most recent investment or dividend immediately after it appears in your account, it's really quite an easy approach to maintain. I will have to admit that I'm kind of a "record-keeping nut", so my approach is not only effective; for me, it's also kind of fun.
    Mar 18, 2015. 10:03 AM | Likes Like |Link to Comment
  • My Dividend Portfolio: Adding Wells Fargo  [View article]
    Generally, you are right. If you've determined it's truly a good company with good fundamentals and a promising future, buy more of it when it has a periodic "sale price" on its stock. In a way, I try to do that with my DRIP approach. Obviously, my dividends will buy when they are paid out. But I make larger additional investments when the stock is a bit down, and often less additional investments when it appears a bit too pricey. Some of my largest additional investments in WFC were when the stock was in its mid-20s. Now that it's in the low-mid 50s, I'm quite happy about my decisions when to buy and to add the most to my WFC DRIP.
    Mar 16, 2015. 09:39 PM | Likes Like |Link to Comment
  • My Dividend Portfolio: Adding Wells Fargo  [View article]
    I, too, like WFC. I have held it, and steadily purchased shares since 2005, adding to my position even during the "forced" significant reduction in the dividend in 2009. The accompanying reduction in share price also offered the opportunity to add shares at a bargain price for several quarters. I have always considered Wells to be one of the best managed banks; hence my steady continuous investments in the company. Obviously, I am delighted the dividend has returned to a more reasonable level, now exceeding the amount paid before the banks were forced to reduce their dividends in 2009.

    Your dividend portfolio, to which you add shares periodically, is a good idea. I have a similar approach. However, I use DRIPS to accomplish somewhat the same objective and wonder if you have considered that approach. I have 9 DRIPS, the earliest of which I started in 1992. My DRIP portfolio is diversified, although a bit heavy in the energy sector, since my earliest DRIP programs were in 2 large diversified energy companies. Not only do my DRIPS automatically purchase shares quarterly with the dividend; I also add my own additional investments in months in which there is no dividend. Admittedly a DRIP has some drawbacks (e.g. the inability to purchase stock on an exact date). However, it is an approach that has worked very well for me, with an objective similar to yours. I suggest you consider it as an alternate approach to building a dividend portfolio.
    Mar 16, 2015. 04:26 PM | 4 Likes Like |Link to Comment
  • Merck Strips Out Cubist  [View article]
    I suggest that David Shlaes (or the person who may have quoted him) take a refresher course to relearn the English language. It's "their" money, (not there money), and "their" mouths, (not there mouths). It's a real shame how many supposedly educated people have simply forgotten the proper use of their own language.
    Mar 6, 2015. 01:01 PM | 7 Likes Like |Link to Comment
  • Procter & Gamble's 10%+ Dividend Raises Are A Thing Of The Past  [View article]
    At least during recent years, MO (Altria) has been very good. Share price has continually increased, and the dividend is excellent in the current environment. Admittedly, MO is in a declining industry. However, so far this phenomenon has not affected its stock performance or dividend yield negatively.
    Feb 20, 2015. 12:35 PM | Likes Like |Link to Comment
  • Procter & Gamble's 10%+ Dividend Raises Are A Thing Of The Past  [View article]
    Thanks for the comprehensive comments. This is one of the best comparisons I've seen about dividends related to income, versus FCF. I'm always learning, and this submission helped.
    Feb 19, 2015. 10:45 PM | 2 Likes Like |Link to Comment
  • Merck close to $7B deal to acquire Cubist Pharmaceuticals  [View news story]
    Me too. I've held CBST stock since 2011, and have sold shares 3 times -- each time with a 45 - 70% gain. I continue to be a CBST shareholder and also have MRK as my largest stock holding. I guess that's positive for me on all fronts. I wish all stocks were like CBST has been for me. I knew I was holding on to my current shares for some reason!
    Dec 7, 2014. 04:22 PM | 2 Likes Like |Link to Comment
  • What Should I Do About Those Non-Dividend Paying Stocks I Received In A Spin-Off?  [View article]
    I held on to my shares, and am glad I did, since the shares have appreciated nicely since the spin-off. Also, I have never understood an "all or nothing" approach to investing. Even a primarily dividend investor has room in his or her portfolio for some stocks which don't "fit" the narrow definition. Appreciation, regardless of what generates it (dividends, growth in share value etc.) is welcome, no matter its source.
    One of my favorite dividend stocks is Altria. I have bought it (and continue to buy it in a long-standing DRIP) primarily because it has a substantial, and welcome, dividend. But wow! It has also appreciated very nicely in share value during 2014 and even before. This is my idea of the perfect dividend stock: high dividends and more than average share value growth. There aren't too many of these creatures around!
    Nov 21, 2014. 12:57 PM | 1 Like Like |Link to Comment