Not the first time either something like this occurred . At least the annual cash out at christmas time didn't occur last year.
Bilo- Good to have your input on the board. Yes, the regulatory scheme was just recently announced and the Ofwat 5 year plan was not as bad as some had thought. There has been rate increases outpacing inflation in the UK especially in electric. A whole series of issues there have the government concerned. Severn was also rumored to be taken over, more so than UU, hence that spikes you mentioned. Another water co in the UK is Pennon Group, PEGRY. Can't be in them all ! UU has been fine for what it is.
PS- What kills me, is that the Deutches Bank as the ADR administrator now get .02 per share cut of the dividend and it takes them one week to pay it out ever since they went off the NYSE!!
Also forgot to mention, sign up for e-mail @IR at their website. Good way to get news.
30-Jan-14 Interim management statement for the period from 1 October 2013
3-Feb-14 Payment of 2013/14 interim dividend to shareholders
20-Mar-14 Pre-close trading update
22-May-14 Announcement of full year results for the year ending 31 March 2014
18-Jun-14 Ex-dividend date for 2013/14 final dividend
20-Jun-14 Record date for 2013/14 final dividend
25-Jul-14 Interim management statement for the period from 1 April 2014
25-Jul-14 Annual General Meeting
1-Aug-14 Payment of 2013/14 final dividend to shareholders
Yes in this since 04. Rumors of takeover bid & pound going higher. Best source of news for UU is the Financial Times. Bought some more in September, up 17% since then. Not sure if UU has much to go. Bought it for dividend.
This is just another tease to $90. Next week is dividend announcement, will it be another 10% bump?
5/27/04 $1.00 35.14%
2/13/06 $1.22 22.00%
2/12/07 $1.28 4.92%
11-Feb-08 $1.34 4.69%
2/11/09 $1.42 5.97%
14-Feb-10 $1.56 9.86%
14-Feb-11 $1.80 15.38%
7-Feb-12 $1.98 10.00%
11-Feb-13 $2.18 10.10%
I have a note of $1.12 as starting dividend. I could be off.
PS The BEST way to get info is to sign up for IR press releases via E-mail. Got to IR on OKE's site.
From website, one click away .......
X Dividend Pay Date
12/27/14 1/23/14 $0.110300
1/29/14 2/20/14 $0.110325
2/26/14 3/20/14 $0.110350
3/27/14 4/17/14 $0.110375
4/28/14 5/22/14 $0.110400
5/28/14 6/19/14 $0.110425
6/26/14 7/24/14 $0.110450
If I read todays SEC filing correct, Blackrock increased their holdings in TE from 6.18% to 7.8%. So, maybe their robo trading desk caused what you mentioned. GL
From my experience when this happens, your OKE basis is spread out to the new formed company with a predetermined ratio.
As an example. when MO spun out KRFT, PM, and last year KRFT spun off MDLZ your cost is spread out to each new share (company) based on guidelines provided and spread out from your original cost. In this case the purchase of MO.
Works in reverse too. When DIS purchased Pixar, it was an exchange of your Pixar shares for new DIS shares. Your basis in DIS was still the original cost of Pixar shares.
OKE has been so transparent of late, we will get the necessary info in due course. GL
Its China fever. ETN has made a sizable investment there. If they raise the dividend in Feb announcement, it might give it a little support. Buy more if you think its a bargain.GL
As a holder of both CNP and OGE, I was curious to see if any news concerning Enable was out. Only found release dated 11/26/13 with breakout of ownership and 1Q IPO expectations. What triggered my news gathering was CNP raised their dividend a whopping 14.46% on 1/19. From CNP PR, they plan to payout 90-100% of net after tax cash from Enable and 60-70% from regulated.
Now this reminds me of OKE, which used OKS to raise its dividend consistently. Sometimes 2X a year. I believe we will see the same growth from CNP at greater level then OGE. Now with OKE spinning off ONEGAS, would there be more dealing making between CNP & OGE if they follow OKE's path as they get to know each other in the Enable business?
IF you have cash on the sidelines, which shares would you grab more of based on price appreciation? OGE or CNP? I'm thinking CNP is the better value now. To be honest this is from the hip. Thanks & GL
CenterPoint Energy owns 58.3 Enable Midstream and a 50 percent management
OGE Energy owns 28.5 Enable Midstream and a 50 percent management
ArcLight Capital Partners owns 13.2
Interesting observations. Thanks for the post. ACAS up 4% YTD. It would be something if it matched 2013 30% gain in 2014. At this point anything green would be welcomed !!