Funny how just about every poster thought the split would equal an immediately higher stock price.
For the split fans, check out INTC's long term chart and look what happened after its last split.
Yes, I'm bullish on CL, over the long haul.
Yes, I've been long INTC (but sold 3/4 of original position) for over twenty years.
Splits: I could care less.
Dividend hikes; now you have my attention.
Investors have dogpiled into so-called safe stocks like consumer staples, healthcare, utilities, MLPs etc for a couple years now. Thus there is room for a lot more volatility than usual in these, and maybe some extra downside risk. One way to look at is that they now trade more like bonds, and investors fear that rates are finally about to rise. I am still holding CL though because I am a long term investor and not a trader/top-caller. But for new asset purchases I personally am looking at more cyclical stuff.