AmeriGas declared a dividend on October 29, 2007, which from year-to-year perspective means that we should learn November's distribution next week. With recent encouraging news, I wonder whether they will choose to actually increase the amount to give confidence to the market.
While the price for AmeriGas is being debated, I should note the Morningstar has given it a fair market value of $37 in a report September 23, along with a four start rating out of five. They have a "consider selling price" of $51.80. The report's date does not take into account the latest of world financial turmoils, but it does give firm support. Personally, I have found the latest guidance by the company very encouraging, hence find the current market value as attractive, something that would be consistent with Morningstar's position. Unless I get more concerned about the macro economic scene, I am holding my shares.
Added to my position at $23 this week. Kicking myself for not adding more. We'll probably see another drop if oil prices continue to tank. If inflation starts to tick up, we'll likely see price adjustment to keep return above the inflation rate.