The dividend payout you've cited is approximately its current QUARTERLY amount, NOT annual amount.
In its 1Q08 10-Q filing with the SEC on 5/12/08, the company reported shares outstanding (S/O) a/o 5/07/08, of 281,024,719.
Its current annual dividend is $0.64.
281,024,719 x $.64 = $179,550,554.24.
The company's shares outstanding (S/O), as reported in its 1Q08's earning's release on 4/24/08 (see the balance sheet portion) was (roughly) 47,004,000 shares a/o the quarter's closing on 3/31/08.
This figure represents a -5.93% reduction from the S/O of 49,965,766 shares, a/o 1/31/08, as reported in its 2/29/08 filing of its FY07's 10-K.
The provider of the market capitalization data to the Y!-F Quote site has yet to reflect the lesser S/O in its m-c calc, so it is currently being overstated by +6.30%.
Instead of the $703.51 million m-c value being reported by Y!-F (a/o the close on 4/25/08), the more correct value is about $661.82 million.
Whenever the company files its 1Q08's 10-Q Form, we shall have a more precise S/O and therefor a more accurate m-c value a/o the date to which the S/O is reported to apply.
You are welcome, g-w-b-s.
Not that it has any importance or significance, but on November 29th, the day that the "technical" Buy signal was triggered, CXW traded that day from an i-d l of $29.13 to an i-d h of $30.03 high, closing @ $30.01.
If you want to check on how well Sperando's rule is working, you can check back after a month, or a quarter, or a couple of quarters and see whether it's been a good call or not.
Funny, you should've asked the question when you did, g-w-b-s. The General is still a fundamentally-founded investor, but he keeps an eye on the "technicals," and in that regard, he could see an "event" in the offing that DID occur on Thursday, November 29, 2007 (TWO market session days prior to your posting Onward and Upward?).
The "event" that the General is referring to was a "BUY" signal triggered that day, according to a reputed Master Technician, Victor Sperando (so the General refers to it as a Sperando 'BUY' signal).
It was on THAT day that the ASCENDING 10-WMA crossed above the ASCENDING 30-WMA.
And, like Forrest Gump, that's all the General has to say about that.
If you click over any stock's "Chart" link, here on the Y-F Quote site, and look below the bar chart that indicates daily volume, you will see a history of said stock's splits.
Furthermore, depending on the term of the chart you are looking at (clicking on the Chart link automatically brings up the 1-year chart), the effective date of said split(s), if any, appears as a small black triangle on the price-chart's track above the volume's bar-chart.
In the case of CXW, it indicates that a 2:1 split became effective last July 9th. Note the triangle on the pricing chart's track on that date.
Knowing the above, you won't have to ask a stock's message-board for split information. Y-F provides it on its charts.
The SEC accords an additional 45 days (NOT 30 days) to file a fiscal year-ending 10-K. It's 45 calendar days from an interim quarter's closing date to file a 10-Q and 90 calendar days from a fiscal year's close to file a 10-K.
Any of the HLDRS (that trade on the AMEX), be they PPH, BBH, or whatever, are ONLY traded in round-lot quantities (100 shares or whole interger multiples thereof). You cannot buy or sell just ONE (1) share of a HLDRS.
The indicated current quote on a HLDRS is for a round-lot of same. Each HLDRS contains an unmanaged portfolio of varying numbers of shares in a multiple of publicly traded companies that had been selected by Merrill Lynch as appropriate for the designated category of its subject HLDRS.
Reports of the General's death may be a bit premature (we never know what fate will bring to either the market or to ourselves on the morrow).
The General is a very patient "Long" & religiously monitors BPOP daily from his bunker @ Burpelson AFB. He's just been sparing you his << meaningless analysis and hard to understand numbers. >>
You should consider yourself fortunate in that respect.
But it's nice of you to have wondered and asked about him, m_p_g.
The General wholeheartedly seconds your opinion, MK, regarding the "more than compensating gain" from granddaughters. Having each sired multiple male issue exclusively, until we achieved grandfatherhood, we were ignorant of the devastating power of 'little girls', and how they (instinctively) know precisely how to exercise that power over (non-sibling) older male family members from the time they come out of the chute.
And it isn't even covered by the Geneva Convention, although it should be.
You have it ass-backwards, MK, it's the General who's flattered to be associated with the likes of you, flipper, and even that old reprobate, Nic, who's no doubt still residing in the empty Sears freezer carton near an abutment under some overcrossing.
And for the General to ever be mentioned in the same sentence with the market-maven (who didn't marry you for your considerable intellect), it's a real honor! <g>
And if tt99 wanted to tell the truth, the whole truth, and nothing but the truth, he could've gone even further back in CCA's history to when MK was following the company. They didn't even have ONE cell then. Doc used stocks!! :-)
The General's kinda surprised that no one had (incidentally)mentioned that, 2 minutes after the opening, CXW achieved ANOTHER new (split-adjusted) 52-week high this morning. That's 3 for 3 (in the last three trading sessions).
Huss, were the many Headlines of June 7th regarding this 2:1 split, like the one the General has linked below, somehow insufficient or inadequate notification for you that you had to rely on a July 2nd Barrons?
Sorry, the General neglected to include the article's hyperlink:
You'll have to read quite a way down to learn that it was a GEO Group's facility (NYSE: GEO)in TX and not a CCA one (NYSE: CXW).
As reported in the 6/21/07 issue of Time magazine's article on Californicate's Growing Prison Crisis, the plan passed by the state legislature in Sacramento a couple of months ago, will undergo review by a federal panel of judges convening today, June 27th.
Yes, gravity404, PPH does pay a cash dividend, but you'll have to do a little mathematical homework if you want to know exactly what that cash dividend currently is.
The PPH, as you may know, is an unmanaged portfolio of pharmaceutical stocks in various respective share amounts for each of the PPH's constituent companies. While HOLDRS are born with 20 such constituent companies, for various reasons (mostly due to M&A), that number is subject to change over time.
At the present time, the PPH is constituted by 19 companies which the General has listed below (in alphabetical order according to their trading symbol), along with their respective share amounts in a round (100 share) lot of PPH. 7 of the 19 stocks do not indicate that they currently pay a cash dividend, according to their stock's Summary Quote on the Yahoo! Finance (Y!-F) Quote site. They are shown with an asterisk (*) following their symbol.
The PPH is essentially a pass-through vehicle in the sense that if a constituent company pays a cash dividend, that dividend is then paid to the owner of the PPH (or credited to the owner's brokerage account).
Here's the list:
You would have to go to the annual cash dividend amount per share of EACH OF THE 12 CASH-DIVIDEND PAYING constituent companies then times it by the number of shares of said company in a round lot of PPH, and add them all up to determine the annual cash dividend passed through by PPH to its owner.
Or, if you are looking for a close enough quick-and-dirty under-approximation of that dividend, you could consider the following;
Based on today's closing prices, three (3) of the PPH's constituent companies aggregate 51.51% of a round lot's asset value. They are:
JNJ: 19.56%, PFE: 18.59%, & MRK: 13.36%. If you just want to tally up the dividend contribution from those three constituents, you'll get reasonably close to the total, but < than it.
If you care to add the contributions of just two MORE constituents, ABT: 9.17% and WYE: 8.26%, THOSE FIVE (5) constituents aggregate 68.94% of the PPH's asset value. And while they'll still be underestimating the TRUE CASH DIVIDEND, those 5 should get you close enough for government work.
tt99, thanks for the "attempted" links to the news article (neither of which delivered the goods). Assuming that the Gen'ral's hunt 'n peckin' is without any typos, this one should provide what yours attempted to provide: