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
$33.03 |
Change
0.230(0.70%) |
Mkt cap ! $11.92B |
Open | High | Low | Value | Volume |
$32.65 | $33.03 | $32.51 | $11.12M | 339.2K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
2 | 675 | $33.00 |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
$33.03 | 1619 | 2 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
2 | 675 | 33.000 |
3 | 2591 | 32.880 |
1 | 838 | 32.850 |
1 | 1161 | 32.840 |
2 | 1863 | 32.820 |
Price($) | Vol. | No. |
---|---|---|
33.040 | 687 | 2 |
33.070 | 39 | 1 |
33.120 | 2204 | 2 |
33.240 | 260 | 1 |
33.330 | 1000 | 1 |
Last trade - 16.10pm 27/06/2024 (20 minute delay) ? |
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