Yes but I sell covered call options against my shares for added income.
Most of my shares were recently called away so now I'm selling put options against it until I'm forced to buy them back but under 33.
MO is now trading near 40 and yields less than 5%. I still like the company but I'd rather buy more BX and BRKb with my available cash in my IRAs.
I rank MO a hold for the time being.
Per Etrade, earnings will be announced 5/8 after the meeting this year. Last year they were announcer pre earnings.
."IBM is raising its quarterly dividend by 16 percent to $1.10 per share from 95 cents per share.
The dividend will be paid on June 10 to shareholders of record on May 9.
The Armonk, N.Y., technology services company has doubled its dividend over the last five years.
IBM said Tuesday that this is the 19th consecutive year that the company has boosted its quarterly dividend. It's the 11th straight year of a double-digit percentage increase in the dividend.
Shares of International Business Machines Corp. gained $1.71 to $194.85 in morning trading."
Grandma likes her dividends.
SAN FRANCISCO--(BUSINESS WIRE)--
"Wells Fargo & Company (WFC) today announced a quarterly common stock dividend of $.35 per share, an increase of five cents, or 17 percent, per share from the prior quarter. The dividend is payable June 1, 2014, to stockholders of record on May 9, 2014, as approved today by the Wells Fargo board of directors. Wells Fargo has approximately 5.3 billion shares outstanding. This dividend increase for the second quarter of 2014 was part of the company’s 2014 Capital Plan that the Federal Reserve did not object to in March 2014."
Grandma get another raise-two in one day-IBM and WFC.
"ExxonMobil said Wednesday it would hike its dividend to 69 cents a share from 63 cents a share in the first quarter.
The world's biggest publicly-traded energy company said it has lifted its annual dividend for 32-straight years.
The shares fell 18 cents, or 0.18%, to $101.27 in afternoon trading."
This is the third BRK holding that's raised its dividend today--IBM, WFC and now XOM.
I own XOM in a few of my IRAs so thank you XOM.
XOM' dividend yield is currently about the same as 10 year treasuries.
DECK has a market cap of $2.7 billion so their cash on hand makes up less than 10% of their value. I originally bought this stock because it was trading at about 10 times earnings and cash made up about 25% of its net worth.
The shorts would love to see management blow all their cash reserves overpaying for their stock rather than banking it for a raining day. Why you want them to pay 20 times earnings for their stock is a mystery to me?
Bought more today in IRA #1 for an option adjusted cost basis of about 31/share with more to follow in the same account.
I plan to make BX a core holding in all my IRAs.
"May 1 (Reuters) - Berkshire Hathaway Inc's energy unit said it would buy Canadian electrical transmission company AltaLink LP for about $2.9 billion in cash from SNC-Lavalin Group Inc.
Berkshire Hathaway Energy said its MidAmerican Transmission unit and SNC-Lavalin would jointly pursue transmission projects in North America."
AltaLink is Alberta's largest transmission provider.
(Reporting by Sweta Singh in Bangalore; Editing by Savio D'Souza
first Quarter Earnings Announcement Expected: CF has confirmed that earnings will be announced Wednesday. The consensus earnings are $4.53, with a high and low of $5.27 and $3.68, respectively. The mean has trended downward from the last estimate of $4.54.
Expected Timing: After close
In Buffett's lifetime? Doubtful-he'd have to live to 100 or initiate a much more aggressive share repurchase program as HC has called for.
And will $1 million still have any value 15 years from now? How much will the cost of health insurance and long term care cost in 10 to 15 years?
$1 million per share does have a nice ring to it.
Estimates: 1.220 | 1.065 | 0.950 (High | Mean | Low
Currently trades at a 25% discount to its book value and 8 times earnings.
I own it in my IRAs but sell call options against my shares. I like to see them raise the dividend a little but they're buying back shares below book so that's actually better than paying higher dividends for the time being.
I'll be selling more call options after options expire this month. The best place to sell options is in an IRA.
before market hours
Estimates: 0.100 | 0.007 | -0.080 (High | Mean | Low
Since 1/1/2009 her account has only compounded at 14% per year verses the S&P 500's return of 17.24% per year.
Since the account was started in the Spring of 2006 every $$$ invested is now worth $2.05 but she's also taken out 10% of her original investment for living expenses.
When you consider that her account went through the crash of 2008 and 09 she's done OK.
Year to date her account is currently up over 4% so perhaps this is her year.