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The Empire District Electric Company Message Board

  • joebsib joebsib Aug 31, 2010 10:15 PM Flag

    payout ratio

    Any comments on how the can have a 121% payout ratio? I keep wanting to pull the trigger on this stock for it divy. But afraid as soon as I do they will cut the dividend. Also Schwaab rates it as a "D" stock, I assume because of the amount of debt.

    I have my speculative money in other areas, just looking for a little coupon clipping and a chance for capital appreciation.

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    • The $46.8 million (13.4%) rate hike (in September) will help, and more rate increases are planned for next year.
      Also, in the third quarter, the company called nearly $50 million of 7.05% senior notes due in 2022 and replaced them with $50 million of 5.2% first mortgage bonds due in 2040. This will save them a couple cents per share.

      Value line has estimated EDE earning $1.45 in 2011 and $1.75 by 2013-15.

 
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