.33 cents/share EXPECTED vs .28 cents/share ACTUAL! More shares will be issued to cover the dividend deficit. Nothing changes. Wall street will may not tolerate this much longer.
6mo net income: $57m
6mo OCF: $55m
6mo cap ex: -$89m
6mo FCF: -$34m
6mo dividend payments: -$47m
So that's $34m flowing out of the core business, and a $47m dividend payout.
Oh, and they raised net $75m in LTD and $12m issuing shares.
BLAH!! BLAH!! BLAH!! Been hearing this same old diluting shares argument for 20 years!! Go put your money in their bank for .5% interest. My favorite part is when Robert Baird downgrades HE and the stock goes up and then goes down on his upgrade!!
I may have missed something, but if more shares are being issued, they are coming out of the float. Not more shares bieng created!
Suggest that you reinvest to get your share of the newer releases.
Given the choice, would the buy and hold investor choose HE or COP?
COP went higher and corrected more.
HE in tight range, pays higher % divvy than COP, covered by cash flow (excludes depreciation and other non-cash items).
Many investors want the higher divvy (HE) and less stock swings. Sell at the wrong time, could result in a loss.
Your losses would been greater in COP (oil correction), despite the smaller divvy percentage payout.
With this market correction, HE is a better buy than COP for downside protection.
I suggest you run a comparison chart of HE vs COP for the real answer (I use Yahoo Financial). COP has always been a superior investment. One additional note, COP has been BUYING its shares back in recent years whereas HE has been ISSUING more shares to cover its flat dividend. Use the charting tool when making stock to stock comparisons. It will give you a much clearer picture.