They are responsive,I called Mr.Herrington and feel very comfortable with their explanation and guidance.the sell rating from a large broker was way out of line based on the current conditions.they need a rate increase which is before the public utility bd and they had to amortize the cost of the new plant in this quarter.that is all the explanation I needed I'm confident that the dividend at this level is sustainable and the price is stable .keep in mind the stock had a 25% jump in one year ,very likely to investors chasing yield. I'll take 4% yield on this stock at this price and be happy to reinvest
noticed insiders acquired and dumped 2/4. short interest 5%. S&P has a FV of $23. Not sure if its size has anything to do with it. Utilities got slammed yesterday, talking heads blamed Greece, Fed, sector rotation, etc. Last year they were the hot sector. Today the group is rebounding somewhat. It will level off. As I am not a trader, lets see next Q numbers. I think I will listen to CC. GL
I've never seen a utility take such a nose dive like this one is. It's a small utility so I guess it's more sensitive to such news?
I feel they are a bit too negative on forward guidance - they seem to be factoring in the worst case scenario here - a hot summer could make things look a lot better.
Bad qtr, EPS a low .26 Lower future guidance due to higher expenses, even with new rates. One or 2 bad storms in 2015 could hurt. Need to watch the payout ratio for the div. UBS downgrade to sell certainly isn't helping. It may be oversold now.
Besides not the best of a report, today's job report might make the FED into action on rates. The whole utility sector is down.
New web site being developed and should be out during the 1st quarter of this year. It will include a dividend history page. Company very responsive once I figured out who to contact.
That 2011 dividend cut was because of the major loss from the Joplin tornado. Insurance covered much of the loss. But it did interrupt the business some and we hope that is a one time event for the area.
My Broker only shows detailed history from 2005. 2005-2011 .32/ Qtr. 2011 3rd Qtr cut to .25 a qtr. 2 cents annually increase starting in 2013 and 2014.
I wish the company had a dividend history section on their investor page on their web site. I would like to know how long they have paid a dividend, and how often they raise the dividend. I've written the company twice and asked why they don't have that information on their web site. They have not replied.
I think insurance covered most of the Joplin disaster. They eliminated or reduced the dividend (don't remember) for about a year so you were wise to buy in at that time. It is a good little company that I have owned awhile.
Wow - you called it! I bought some hoping that it would recover from the Joplin disaster ( and its citizens, too). PE nearing 19 seems like it needs a breather.