Bottom line is that it has a PE under 6 and a dividend of 5%. It's paying almost 3 times the 10 year treasury!!!! It may flucuate slightly but the odds are that it goes higher from here. The 52 week low can be a powerfull support line. I would only sell if I though they were going under.
The dividend will probably be adjusted to reflect about a 3.5% return once all the dust has settled from the Phillips spinoff, probably about $1.60 per year. The stock price will also have to settle down to reflect reality, which is probably about $45/share with oil at $90-$100 per barrel.
A big part of the company is gone, don't get caught with numbers that currently don't reflect reality. Good luck to all longs.
Actually the analysts (based on 11 analysts) at my stock investment company have rated it a 8.9 (bullish).
Earnings per share growth was +10.24%. Projected growth next year is a modest +4.04%. The dividend growth over the last five years is +9.99%. Dividend payout ratio is very low which means they will have no problem paying a dividend of 5% or more for years to come.
I loaded my truck over the last week. Fully invested. No brainer in my opinion. I always invest for the long term and always utilize dividend reinvestment. At a 5% dividend yield I sleep very well at night (and so should my heirs).
I bought yesterday for the dividend and i'm bullish too. I'm interested about the 50 and 200 dma, which with the special dividend cop is under both of them as far as yahoo chart shows. You would think with a 5% yield it might show some support, but who knows? GL.