Jimmy Carter was a progressive, and saw the future, so he installed solar panels. Ronald Reagan was a conservative, and saw the past, so he removed them. Fits perfectly.
Since your sentiment is a strong sell, I would suggest that you sell your massive holdings, and perhaps get the share price back down to below $60, so that I can buy some more. I like my little 4% dividend, and would appreciate the opportunity to increase my holding.
Not certain what you mean about "much less", as the dividend was only 2 cents less in 2014Q4.
And if ever there was a reason to own a stock for it's dividend (low beta, low volatility, narrow trading range, steady growth, monopoly in a protected market, steadily rising dividend), ED is certainly it.
Carter had a vision of the future. Reagan had a vision of the past. I think that they are called conservatives.
Yahoo does not show the 05/14/14 dividend, but if you go to the ConEd site and look at Dividend History, it is there. Their dividend has been increased every year going back at least as far as 1977.
PHT is a Pioneer fund, not a PIMCO fund. I have other PIMCO funds, and they all seem to have the same pattern of paying monthly, so you have more opportunities to get in and collect the dividend, and maintaining the same dividend year over year.
Or you could just buy at $11, and hold for that 12% dividend. I don't know of anything else out there that is paying a very reliable 12% div. And with such a narrow trading range, I wouldn't think of PHK as a trading stock.
PHK has been trading between $11 and $14 for a while, and since the dividend has remained constant, even after the departure of Gross, I usually keep a standing GTC at $11, just in case. Last week was unexpected, but it gave me a chance to reinvest those dividends at a bargain.
It looks like CON ED did what they should have done, shut off the gas service to the building. The landlord, or his contractor, appears to have made an attempt at circumventing the shut off. They allegedly told tenants that if they smelled gas to call the landlord, NOT CON ED. Something smells here, and it is not the gas.
I was thinking the same thing, but at a sustainable price of $90. Market is too volatile now, with the debunking of "peak oil", the severe winter in the NE, the flooding of the oil market by the increasingly desperate producers (Middle East, Venezuela, and Russia), and the growing availability of alternatives (solar, gas, etc.).
My computer uses a lot less electricity than it did a few years ago, and the Internet has allowed me to conduct business using SKYPE or e-mail instead of flying to distant places to meet with clients. Huge planes, and for that matter, any form of public transportation, uses far less fuel on a per passenger basis than do individual cars. Imagine a city like New York without the subway system. But, the reality is that there are large segments of this country where public transportation is not practical, and individual cars are necessary. The flow of normal commerce requires this. Sorry, but we can't all sit in an office and get our jobs done. That being said, the smallest, most fuel efficient car, or even an electric scooter (I often travel around the city by bicycle) goes a long way to reducing global warming, or the waste of fossil fuels, whichever you prefer. And yes, I understand that some people prefer the comfort and safety of a larger vehicle, but you don't need a Hummer to get to the mall in Florida.
I think that it will be Obamacare, National Health Insurance. (If the Republicans don't destroy it.),
or perhaps bailing us out of the financial crisis and saving GM.
The Washington Post reported that the White House began installing solar panels on the First Family's residence on August 15, 2013.
SCTY, FSLR, and all of the other solar companies are changing their business models from selling solar panels to installing systems via leases, and managing the power distribution. They are, in effect, developing mini-generating plants, and managing the distribution networks. While companies like ConEd will still run the grid, the solar companies will provide the power via the ESCO law in New York, and possibly similar de-regualtory laws in other states. This is a new model, and is still in its early stages, but as nuclear appears to be dead (at least in the US), wind is running against too much resistance (although it is not in other places around the world), coal will even be phased out by the Chinese (because they can no longer breath), and oil is killing itself because (1) the US and Canada no longer need to import oil and gas from the Middle East, and (2) the Middle East has become such a problematic source, that everybody is trying to develop more reliable energy alternatives, and finally, (3) peak oil predictions turned out to be a bit premature.
Meanwhile, I am installing LED lights, which use 7W vs 100, my car get 50 mpg vs 17, and even my TV only uses 25W. My pizza delivery guy is driving an electric powered motor scooter, California, Israel, and China will soon be driving electric cars, and they are flying a solar powered airplane around the world!!!!.
Looking at installing, but have a 30 year old house and am working on local codes, as well as architectural evaluation of roof loading.
And whbuncensored, there is no array of solar panels that will ever be large enough to generate sufficient power for the 50 stories of apartments below the roof. You may be thinking of Arizona, where you have a few acres behind the house to set up solar panels for your one story home. There is nothing even close to that in Manhattan!!! Have you ever seen Manhattan???
Another factor that you are overlooking is that with the ESCO deregulation in NY, ConEd may not even be your energy supplier. You can chose from any one of several ESCOs for supply (including your own roof top panels), but ConEd is still the distributionn monopoly, meaning that they get paid regardless of where you get your power..