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Becton, Dickinson and Company Message Board

  • crk2912 crk2912 Jan 25, 2007 7:14 AM Flag

    Theres a suprise

    We beat the streat yet again. Give the conservative guidance for next year. Stock split coming this november when they announce another 20% dividend hike. Stock will be about 85 by that time. I love this boring company.

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    • I agree with most of what crk2912 wrote, however I disagree with the assessment of the probability that "they announce another 20% dividend hike."

      In fact, BDX has not had a 20% dividend hike since December 2004, when the increase went to $0.18, from $0.15. At the risk of presenting mind-numbing numbers, the increase in December 2006, to $0.245, from $0.215, was ~ 13.95%. Even the December 2005 dividend increase did not meet the ongoing assumption of 20%; although at ~ 19.44%, it was reasonably close.

      My conclusion? A downward trend in the annual percentage increase in BDX's dividend has been in effect for the past 4 years. Given a continually growing dividend "base", I don't see a reversal of an ongoing downward trend in the near future. I believe 20% more than the current rate of $0.245, or $0.294, is wishful thinking. Of course, as a shareholder, I'd be delighted if BDX were to prove me wrong in December 2007.

      • 1 Reply to joemakwin
      • Joe your actually probably right on the dividend. In November They will probably take it to 1.10 annually which is a little bit more than 10%. Merrill Lynch actually estimates that they are only going to take it to 1.08. We shall see, With the cash flow and earnings growth they are seeing there is a lots of room for raising the divy. As long as they are growing earnings at a 11-13% clip, I wont beat up the BOD to bad. Heres to another great year. Split comes in November IMO.

    • Been waiting for years to get this close to another split. Wish now I had bought more early on...

    • We beat the top end and bottom but we are tanking, what gives? Did someone listen to the conference call, did they give bad guidance?

      Ev

 
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