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Consolidated Edison, Inc. Message Board

buyandwin 79 posts  |  Last Activity: 1 hour 5 minutes ago Member since: Jul 30, 2000
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  • buyandwin buyandwin 1 hour 5 minutes ago Flag

    If some of the income you receive is not needed for living expenses the excess could be dripped into additional shares to give you a higher distribution each month. If you need the income and can't drip you should be happy that the 7.4% annual return is very good in this low interest enviornment we have how.

    b&w

  • buyandwin buyandwin 2 hours 19 minutes ago Flag

    Part 2

    ====The Board of Directors also approved new phantom unit grants with distribution equivalent rights to the Chief Executive Officer and the other four NEOs. These phantom units are subject to cliff vesting on January 31, 2018. The number of phantom units awarded to the NEOs under this grant consisted of 54,160 phantom units for the Chief Executive Officer and a range of 14,194 to 33,866 phantom units for each of the other four NEOs. These grants were the continuation of the annual long-term incentive plan. This program annually awards three year cliff vesting phantom units based upon the Partnership's relative total shareholder return over the two-year period prior to the grant date compared to the total shareholder return of the industry peer group. The Partnership's relative total shareholder return over the two year period prior to this 2015 grant was at the 57th percentile ranking of the industry peer group which provided for an award of 113% of the target. The Board also established the 2015 long-term incentive award targets for the CEO at 450% of base salary and for the remaining NEOs, the long-term incentive targets are set at 190-425% of base salary. ====
    ---------------------------
    They are still focusing on DCF and unit price performance and distribution growth-----
    +++++++The 2014 targets for the NEOs' short-term cash incentive awards were established by the Board at the beginning of the year and were based on performance relative to a combination of several key performance metrics, including: 1) the Partnership's distributable cash flow; 2) the Partnership's total shareholder return (unit price performance and distribution growth)+++++

    b&w

  • ====The 2014 targets for the NEOs' short-term cash incentive awards were established by the Board at the beginning of the year and were based on performance relative to a combination of several key performance metrics, including: 1) the Partnership's distributable cash flow; 2) the Partnership's total shareholder return (unit price performance and distribution growth) relative to an industry peer group selected by the Board's compensation committee; and 3) achievement of other broad operational and financial objectives. The Partnership's CEO's short-term cash incentive award target was set at 100% of base salary for achievement of base-plan performance goals and up to 200% of base salary for stretch performance. The remaining NEOs' short-term incentive award targets were set at 80-90% of base salary for achievement of base-plan performance goals and up to 160-180% of base salary for achievement of stretch performance.

    The Partnership's actual 2014 performance and senior management's execution of the business plan, including the achievement of the key commercial objectives, balance sheet and liquidity goals, distributable cash flow and total shareholder return relative to the industry peer group, was determined by the Board to be above base plan performance goals and objectives. Recognizing these factors, the Board approved the CEO's short-term cash incentive award at $1,000,500 and each of the remaining named executive officers' short-term cash incentive awards ranging from $496,800 to $596,160. The Board also established the 2015 short-term cash incentive award targets for the CEO at 100% and 200% of base salary for base plan performance and stretch performance, respectively, and for the remaining NEOs, the short-term incentive targets are set at 80-95% of base salary for base plan performance and 160-190% of base salary for stretch performance. ===
    ----------------------
    b&w

  • buyandwin buyandwin Jan 23, 2015 12:09 PM Flag

    More people lose more money investing because they get and use wrong information ,and the fears that creep into their minds from that wrong information they get.

  • buyandwin buyandwin Jan 22, 2015 9:01 PM Flag

    ====Yahoo doesn't think so. They show .40 div and 3.8%. Where do they find their numbers?===
    Yahoo is wrong. The money rolls into my account dripped into additional shares every month at the rate of $0.065 per share.

    b&w

  • Reply to

    DRIP slow to hit Brokerage

    by gcoriginals Jan 16, 2015 12:51 PM
    buyandwin buyandwin Jan 20, 2015 11:06 PM Flag

    Hi Realto:

    They do not average the price. They explained to me previously and I wrote it on Jan 18 they take the closing NAV of the close of the previous day before payment and adjust the amount because they announce a full penny amount and the NAV could actually be from Four tenths below or above that amount===

    ===THEN WE HAVE SPECIAL SITUATIONS like DNP that give discounts when the stock is selling ABOVE NAV (Which it does most of the time)

    This is what they have told me on previous talks with DNP is what DNP does.

    The declared payment date was Monday 1/12/2015 The closing reported NAV on Friday 1/9/2015 to the closest whole penny way $10.13. DNP gives a discount of up to a maximum 5% when it trades above NAV.
    The actual NAV was actually somewhere between $10.126 and $10134 with $10.13 being the reported whole penny amount.

    The shares were issued on a $10.127 basis, which was within that one penny range of $10.13.

    Read their annual report and/or then call DNP for any further clarification you may want..

    b&w

  • Reply to

    DRIP slow to hit Brokerage

    by gcoriginals Jan 16, 2015 12:51 PM
    buyandwin buyandwin Jan 20, 2015 5:37 PM Flag

    Shares arrived at 4;52 PM applied correctly in all 5 accounts. Dripped price was $10.127 which was below the reported $10.13 NAV as of 1/9/15.

    Now I am waiting for Jan 28, 2015 which is the next x-div date to do it all over again for more shares.

    Patience wins this battle.

    good luck
    b&w

  • Reply to

    DRIP slow to hit Brokerage

    by gcoriginals Jan 16, 2015 12:51 PM
    buyandwin buyandwin Jan 19, 2015 9:39 AM Flag

    You are right. I knew I was getting into trouble with that " Double Negative" sentence

    ==== Most companies (NOT including DNP) don't have a drip====

    but I was in a hurry and didn't. My bad.

    I have called DNP a couple of times over the past year when they didn't post the NAV before the market opening as they normally do and they didn't even know about it. Whoever was supposed to do it, hadn't done it and they didn't even know.

    I also asked why they didn't use the X-symbol-X system that most Closed end funds use to report NAV they said they aren't interested in the day traders only the long term investors.

    CET is another fund that only reports NAV Friday evening and Month or year end They have been around since 1929 and have been paying dividends in varying amounts every year since the mid 50's Could have built a family dynasty with that one also.

    b&w

  • Reply to

    DRIP slow to hit Brokerage

    by gcoriginals Jan 16, 2015 12:51 PM
    buyandwin buyandwin Jan 18, 2015 10:18 AM Flag

    GC:

    --FUNDS are posted promptly when received usually AM of day it is payable.

    Dripping into additional shares is different. Most companies (NOT including DNP) don't have a drip or discount program so the company pays the cash to the broker and the broker buys shares on the market and puts them in your account USUALLY in the afternoon of the next business day either before or after the market closes.

    THEN WE HAVE SPECIAL SITUATIONS like DNP that give discounts when the stock is selling ABOVE NAV (Which it does most of the time)

    This is what they have told me on previous talks with DNP is what DNP does.

    The declared payment date was Monday 1/12/2015 The closing reported NAV on Friday 1/9/2015 to the closest whole penny way $10.13. DNP gives a discount of up to a maximum 5% when it trades above NAV.
    The actual NAV was actually somewhere between $10.126 and $10134 with $10.13 being the reported whole penny amount.

    To make a long story short when DNP gets the fractional NAV amount and the shares you own (Full and fractional) THEY CREDIT THE ADDITIONAL FULL AND FRACTIONAL SHARES in each account to your broker and they just post it to your account(s)

    All this takes time as opposed to DNP just wiring in a cash payment to your broker on the payment date.
    Remember DNP must have thousands of accounts and you broker also has thousands of accounts. And you might have DNP in more than one account. I know thats a possibility because I have DNP in 5 different family accounts.

    So i monitor the situation to see that it gets taken care of.

    Good luck
    b&w

  • Reply to

    DRIP slow to hit Brokerage

    by gcoriginals Jan 16, 2015 12:51 PM
    buyandwin buyandwin Jan 16, 2015 5:34 PM Flag

    Didn't receive my dripped shares yet either. Account is also at TD Ameritrade The longest I have waited before was two days. I was told that shares that get discounted (Like DNP) sometimes take longer sometimes. The woman told me it can sometime take 2 weeks and then the next payment is right on time.

    After paying month after month for the past 28 years through good-bad- and ugly times I wouldn't be looking for "sign of trouble"------yet

    As long as they arrive and are in my accounts before X-Div day which is Jan 28. 2015 its no big deal. Something to pay attention to, but no big deal.

    b&w

  • Reply to

    Can anyone explain the drop in SP!!

    by iarx Jan 14, 2015 2:11 PM
    buyandwin buyandwin Jan 16, 2015 9:11 AM Flag

    ==== You hear and see of these opportunities but always in hindsight.====

    It is only in hindsight if you do nothing now but stand there afraid to act.
    It takes courage to make money in the market. It takes a lot of courage to make a lot of money in the market.
    Fear is the enemy. BUT---Sir John Templeton said "Fear Creates Opportunity"
    Either you take advantage of that fear or it takes advantage of you.

    b&w

  • buyandwin buyandwin Jan 14, 2015 4:47 PM Flag

    During the month of October 2008 MWE traded between $25.14 and $15.30. and they raised the Nov 2008 distribution from $0.63 to $0.64. They had been raising $0.03 per quarter and slowed the distribution increase to "one penny" .

    They did the prudent thing at that time and I expect them to do the prudent thing this time also.

    Patience

    b&w

  • Reply to

    another day with no news!

    by allenstanson Jan 12, 2015 5:01 PM
    buyandwin buyandwin Jan 12, 2015 6:07 PM Flag

    ====Appears this one should be traded,and not owned.====

    There are problems with that also. If you are right and make a profit it becomes a short term taxable gain. If you are wrong and want out you could get yourself entangled with the Wash sale rule if you sell partial positions.

    b&w

  • Reply to

    money or b&w request

    by nymarv10956 Jan 10, 2015 4:55 PM
    buyandwin buyandwin Jan 10, 2015 8:46 PM Flag

    Hi Nymarv:

    I'm not sure Which IV board you are referring to.

    b&w

  • good history on DNP. Also interesting comments from long term holders.

    http://seekingalpha.com/article/2800205-new-addition-to-my-dividend-compounding-portfolio-duff-and-phelps-income-fund

    Enjoy
    b&w

  • Reply to

    Blankie .. got an whispers for us?

    by its_not_my_business_but Jan 8, 2015 2:30 PM
    buyandwin buyandwin Jan 10, 2015 11:16 AM Flag

    I've said it before. It is hard enough to pick a stock that will go up while you own it---But IMHO it is much harder to pick an option to go up while you own it and before it expires worthless.

    good luck
    b&w

  • Is the Gov't going to let the Oil and Nat Gas industry deteriorate to a point where millions of jobs will be lost, in supporting the Saudis who have plainly stated they will do what is best for them no matter how much pain they inflict on us?

    b&w

  • Reply to

    When Di The Jan 2015 Options Expire?

    by buyandwin Jan 8, 2015 2:47 PM
    buyandwin buyandwin Jan 8, 2015 3:37 PM Flag

    Armale:
    I know you mean well, and I appreciate your help---but --- I am doing OK without options all these years. My wife and I are retired 11 1/2 years and we live off the income we receive from out investments. In fact over 50% of our market income is being reinvested because it is more than we spend and gift to our children.

    Thanks anyway and good luck with your investing.

    b&w

  • I don't do options because I got burned many years ago and i don't follow them.
    But the market makers have a way to manipulate the market in stocks to inflict the most pain to the greatest number of option holders they can.

    I have found it is hard enough to pick an investment that goes up, and almost impossible to also pick a date that it will do so.

    good luck
    b&w

  • Reply to

    just bought a load at noon.

    by foxnewsbschecker3 Jan 2, 2015 1:12 PM
    buyandwin buyandwin Jan 7, 2015 12:24 PM Flag

    Of course--You have a bug in the conference room, so you are sure.
    and Therefor you are trading on insider information. I thought that was illegal. But, what do I know?

    b&w

ED
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