Expect LO to announce a dividend increase 5 -6 % with earnings..a double blockbuster event.
After seeing today's earnings report I'll go with a dividend of 2.32/share.
Currently the stock is trading down 3 to under 47 and I sold more put options against it because they now yield considerably more than the dividend.
Next week I may have more cash available in my IRA if IBM stays above 180. LO will also be buying back shares again next week so the drop is helpful in that respect.
Thank you Mr. Market.
Stock has bounced back...S&P issued a report to accumulate shares. Dividend increase announcement soon. I hold a boat-load of shares and will not add here.
LO reports a miss on EPS revenuers are up. Opening lower.
Check that missed on revenues as well.
I'm expecting the div to get increased to at least .62 or 12.7% from current levels. There is also a possibility of another share repurchase announcement since I believe the last one ended at the end of 2013.
looks like I missed it by half a penny. Didn't expect the announcement this late though.