Just as to provide a change from the total spamming of this board, I thought I'd post one possible reason for the downtrend. Roger Conrad's newsletter, "Utility Forecaster", has put EDE on its Dividend Watch list.
Hi, tapped_out. I'm new to this board, but am also a Roger Conrad Subscriber. I am getting very close to a purchase of EDE for this reason: The average 5 year low price for EDE is $18.17. The lowest low was $15.75 in June of 1997. The highest low price was $20.68 in May of 1999. The lowest high price was $19.50 in November of 1996. The highest high price was $30.75 in November of 2000. For me. EDE is getting very close to a buy. I will wait until earnings are announced and to see what is said about the dividend at that time. I personally feel that anything below $18 per share is a good price. Below $17, it is a no-brainer.
I would appreciate a little more infomation on Roger Conrad's newletter "Utility Forecaster" and the impact of EDE being placed on the Dividend Watch list.
I have held EDE for quite sometime and have enjoyed the dividend reinvesment in lieu of per share appreciation. I probably should have unloaded my position prior to the failed merger with UCU but the dividends are really good.
EDE has a very high payout ratio...over 90%. Not much room for an earnings shortfall. Apparently, they, like many utilities, have asked for a rate increase, to offset the higher cost of NG and/or purchased power. It is before the Missouri PUC and Conrad is concerned that it might not be granted.
Keep a watchful eye. The*good dividend* may be reduced.