Just the kind of stock I love. Purchased a few years back at $46 (and posted when I did). Share price has more than doubled and dividends have been increased by almost 50% since I bought. Not too shabby for a boring old utility.
That I love so much.
CHARLOTTE, N.C., March 6, 2014 /PRNewswire/ -- Piedmont Natural Gas (PNY) today announced results for its first fiscal quarter ended January 31, 2014. For the quarter, the Company reported net income of $97.6 million, or $1.26 per diluted share, compared to net income of $85.9 million, or $1.18 per diluted share for the same period in 2013 beating the Thomson Reuters consensus estimate of $1.19 by $0.07
CHARLOTTE, N.C., March 6, 2014 /PRNewswire/ -- The Board of Directors of Piedmont Natural Gas (PNY) today approved an increase in the Company's dividend for the 36th consecutive year.
I simply love getting a raise. Especially when I didn't have to work any harder to get it. :)
I'm earning about 10% on my original units purchased before the last split. Very happy earning a tax advantaged ROI of 10%. The capital appreciation has been icing on the cake. Using the rule of 72 my investment is doubling about every 7 years not including reinvestment or capital appreciation. If you're looking for instant gratification, you may be a trader and not an investor.
And look at the price of when it split last.
-I'm sorry to hear this stockfisher.
Yea, me too! And imagine........finding out about this on a stock message board! I will say that was quite a display someone put on for about an hour on the 19th. I certainly hope they found their medication.
At least the thread line has a positive message.
Merry Christmas everyone.
NextEra Energy Inc.'s third-quarter profit jumped 68 percent, beating analyst expectations, as profits grew quickly in its renewable energy business.
7:38AM NextEra Energy beats by $0.25, reports revs in-line; reaffirms FY13 EPS guidance; guides FY14 EPS in-line (NEE) 84.75 : Reports Q3 (Sep) earnings of $1.64 per share, $0.25 better than the Capital IQ Consensus Estimate of $1.39; revenues rose 14.3% year/year to $4.39 bln vs the $4.42 bln consensus.
And almost a 6% yield. Life is tough. :)
I wonder if my stalker of 14 years will stop by to congratulate me on another one of my boring picks that doubled?
As of today, DODGX has under performed the S&P500 index for 5 and 10 year periods. I certainly would not be happy with that.
According to the D&C website D&C Stock had Average Annual Return of negative 1.77% thru 9/30/12. That includes dividends.
D&C lost their way, and their customers for reasons stated in my original message and others I posted on this thread. Assets are down 40 billion dollars in the last 5 years... for good reason. On top of that, to add insult to injury, long term holders paid taxes on those dividends and any capital gains distributions Just look at their top 10 holding HPQ. Then look who the largest HPQ shareholder is.
Go back even further and look at a 10 year chart (Google) vs VFINX. Pretty sad when your benchmark beats you by roughly 50%. Then look at a 5 year chart. Please don't get mad a t me when you see the returns, I'm just the messenger.
You talk about 2008, but the long/short term tells a completely different story.
Don't do to many mutuals anymore. Too many alternatives. ETF's are killing the MF industry for example. I don't do too many of those either as I pick my own stocks mostly. Buy when they are down due to short term events and hold a long, long time. Just like D&C used to do.
This is the 47th consecutive annual dividend increase.
AUSTIN, Minn.--(BUSINESS WIRE)--
Hormel Foods Corporation (HRL), a multinational marketer of consumer-branded food and meat products, announced today that its quarterly dividend on the common stock, authorized by the Board of Directors at seventeen cents (17¢) a share on November 20, 2012, will be paid Feb. 15, 2013, to stockholders of record at the close of business on Jan. 22, 2013
Like I said:
If you don't like dealing with severe ups and downs in equity indices, Hormel's got you covered with low price volatility relative to the market overall -- a beta of 0.37. At the same time, it's up 172% since the beginning of 2000, while the S&P 500 is right where it was. And last month, the stock had its best close ever (after splits), at $30.68.
Anyone follow my lead? Over 5% yield on my original purchase price.
Nice list Rick. You own any MLP's? I bought KMP about 12 years ago. Been very happy. Bought TCLP back in May. Just got in the new AMLP ETF. All been like a rock in uncertain times. Tax advantaged too. (Except the ETF) Thoughts?
PS, Still holding RYN since before the last 2 splits. I believe that's the only REIT I'm still holding.