Based on next years consensus estimate they would be paying out 65%. I thought that they might return to a penny per quarter as they did prior to 2009. This company is a bond substitute. My wife and I bought a bunch of shares after we moved to Indiana in 2009, when `the stock was low. Do not know the whole history, but there must have been some losers running it. They finally unloaded the wholesale gas operations. This company is really too small in this environment to stay independent. Would be a good fit for NI.
rgchjr1945- thanks for the info. Earnings are this Friday. Yes they are surrounded by DUK, AES & NI.
I started this discussion on the TE board. Recent comment in a mutual fund newsletter I subscribe to. They downgraded the utility sector based on technology (solar, fuel cell, etc.) and declining revenues. Made me think a little about reviewing my utility basket. Tough to do when one counts on those dividends. The only alternatives I see are perferreds, BDCs and water. mReits are not something I can understand. Perferreds will get hammered if/when interest rates rise. infact everything is somewhat rate sensitive!