I've owned this several times and sold out on a couple of occasions when the SP got a little ahead of itself. They're certainly a reliable performer.
They place great store in their continuous dividend growth, which is an admirable quality for an investor but, I also note, that they usually only pay out something between 30% and 50% of the EPS so it's possible to increase dividends even when profits fall back a little.
They can conceivably increase their dividend from $0.87 to $0.97 across the next three years without improving their profit numbers across the same period so Morningstar's prediction is a safe bet.
Their EPS, from memory now, was about $2.00 last year out of which they paid a dividend of $0.87.
Their yield seldom reaches 3%. Not their fault of course, investors will pay a premium for surety.
I sold out in 2021 when the price ran over $30 and have been waiting to buy back in at a lower than $30 price. Not sure that'll happen anytime soon.
It's an extremely difficult business to value with its cross holdings and large share portfolio.
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Last
$34.14 |
Change
-0.360(1.04%) |
Mkt cap ! $12.68B |
Open | High | Low | Value | Volume |
$34.29 | $34.34 | $34.07 | $603.5K | 17.64K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 12 | $34.14 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$34.16 | 319 | 7 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 14 | 34.190 |
1 | 14 | 34.180 |
4 | 144 | 34.170 |
3 | 147 | 34.160 |
4 | 237 | 34.150 |
Price($) | Vol. | No. |
---|---|---|
34.210 | 207 | 6 |
34.220 | 185 | 5 |
34.230 | 269 | 5 |
34.240 | 187 | 3 |
34.250 | 187 | 3 |
Last trade - 10.35am 02/09/2024 (20 minute delay) ? |
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