The dividend is payable on July 14, 2011, to shareholders of record on June 24, 2011. Try getting 2.6% on a Bank CD!? Thats more than DOUBLE the National CD rates!
http://www.gurufocus.com/news/136866/weekly-guru-bargains-highlights-yoku-tex-hcbk-rimm-spls
weekly GURU bargains- with SPLS being 90%+ owned by institutions- SPLS has attracted - even recently considerable investment capital from some very astute investors.
At this point many things could benefit the stock- an outright purchase by a Buffet (see "Is Staples a Buffet stock" or an LBO - the coming consolidation in the industry (merge od and om), increased cost savings......back to school- its not an 'exciting' stock - but it does offer great value with a divi - (like you said) - that, alone- pays more than bank cds.....
on top of that - spls is experiencing bullishly biased price friction (stock moving up - even as more selling than buying occurs) - see fridays results- dow down 119 - spls moving UP
but what im most interested in - is when od and om - either merge or get taken out-will be sweet for spls and add a couple bucks to its value very quickly-
only intelligent thing you have posted.
However, this only benefits SPLS if one goes under or they can buy one. FTC/SEC or whoever won't let SPLS buy either so...here's to hoping one folds?
is that what american capitalism has come to? rooting for companies to fold so others can become more monopolistic...awesome...
and they have been consistently INCREASING their dividend on top of that.........
absolutely- a nice divi- on top of everything else- good to point that out........
You're totally right. Staples has the history and money to back up their dividend. I'm not worried and in fact am going long the stock tomorrow. I actually just made a blog post about with chart analysis in case anyone's interested.
http://stockwatchpro.wordpress.com/
You are right. Their balance sheet is very strong and SPLS is returning ~32% of their EPS to shareholders in dividends. In addition, EPS in 2011 will be ~10% higher than in 2010. Their dividend isn't going anywhere - if it does change it should go up to reflect the increase in EPS.
You are comparing this to a bank CD, are you freaking serious? What bank cd looses chunks of principal every day this dog stock goes down?
The two investment instruments are on different planets much less belonging in a comparison like that. Totally irresponsible.
Are u serious? Have u seen the stock price of banks lately? Wake up..ur not comparing apples to apples...