I'm looking for a slowdown in dividend increases with the eventual goal being to get on the "Dividend Aristocrat" list. $1.15/$1.20 seems reasonable for next year. I'd actually be happier if they increased the dividend by 5¢ each quarter instead of 20¢ for the year. I believe a long succession of quarterly increases makes a better impression than annual increase of the same net amount. Over time, that conveys the impression of a gradual, safe, steady dividend policy that income investors like to see.
First, EPD is not up as much as some other MLPs simply because it didn't go down as much as some other MLPs. Some of the ones that went down the most have had dramatic reversals, but the pain was horrific on the way down.
Second, the "day-traders" serve a vital function in the operation of the market. They provide added liquidity both on the way up and on the way down. I applaud the long term "investors" who buy and hold. I'm one of those people. But we still need a liquid market on both the buy and the sell side to make it function properly.
At 75, I've been in this game for far longer than you. I got started when I was about 15 by trading an account that my father set up for me. I worked as a runner, trader, market maker, put & call dealer, margin clerk, you name it, I did it. Been there, done that, as the saying goes. That's how I worked my way through college.
My original 200 shares, bought in 1987, are now 9600 shares after all the splits. I'd be just as happy with 200 shares each now worth about $7488. Same exact thing as having 48 times as many shares at $156. I still don't see any benefit in splits. Neither does Warren Buffett. I'd much rather see the dividend grow than the number of shares, and they're doing just fine in that area. Since AMGN has grown from an R & D company to one that buys existing companies and products, there's no longer a big need for holding a huge cash hoard. That's what makes AMGN much less risky today than it was in their early days. I still view AMGN as an excellent long term holding, but the meteoric growth days are finished.
You can keep the split and just boost the dividend a little. I'm not a fan of splits even though AMGN has given me many over the years. The high price doesn't seem to have hurt Berkshire Hathaway, so I doubt that a split would be a benefit for AMGN.
Maybe it's an overvalued POS. I warned about BRLI, but I was shouted down. This is much smaller but the same mentality. Pay any price and hope there's some value to come out of it.
Rumors are meaningless in this business. By the time you hear the rumor, it's either (A) totally false, or (B) the rest of the world has already heard it.
There are several seemingly in-depth articles out there, but they're too much for my small brain to absorb and understand.
POAGX has a big position in BMRN, and they've been pretty good at picking biotechs. That's the way I choose to hold that group, but it hasn't been particularly rewarding lately. The valuations make my head spin, but the payoff - if there is one - can be astounding.