dmagman- You are extremely helpful! Thanks a lot. If the "cake" of the current dividend holds, I guess the special would be extra ïcing".
Although not officially declared, they did announce their intent to pay the special dividend. Do you suspect they might renege on that?
Thanks dmagman. Do I understand correctly that over the next 4 quarters GSK will pay nearly $3.00 in dividends? (About $2.40 regular plus $0.60 special, depending on FX rates). That would make the current annual yield about 7.3%.
FWIW: Value Line ranks only 70 stocks with 1 for SAFETY and A++ for Financial Strength. Of these, only 3 have current yields over 5%; RDS-B, TOT and T. They project RDS-B Total Annual Returns to 2018-20 between 16% (high) and 12% (low). It is not TIMELY, but suitable for conservative long term investors.
Their evaluation seems reasonable to me.
That depends on your type of account. For an IRA "B" is best. For U.S. taxable accounts, where you can can get credit for foreign tax paid on "A", the net yield differential between "A" and "B" is key to the decision.,
Didn't mean to offend you. But, your original message and your reply seem like non sequiturs upon non sequiturs.
Was there some point to your first long "situation" preamble if all you were asking about were ETFs? Hmmm?
It seems like you need professional financial advice. If you really expect to get answers from a Yahoo message board, you probably shouldn't be investing.
Yahoo shows no broker analysts following DNP but most recent reports by Value Line and Morningstar are positive. And Fitch gives the preferred stocks AAA ratings.
Mgmt spent a lot of ink on the outlook negatives and weren't optimistic.
Their reasons were mainly macro-economics (interest rates, durations, etc).
Like all here, I love this stock, but what were they trying to convey, CYA?
I appreciate the "thumbs up". I think investors would appreciate more clarity about KKR's distribution policies and possibilities by KKR, but, KKR's Investor Relations won't do it,
The good news is that this policy keeps the units very cheap for long-term investors.
KKR's 2014 10-K says KKR received $162.1 million dividends from Capital Safety. Seems like KKR, itself, is the owner, don't you agree?.
Investors looking for yield are concerned about "indicated annual dividends (or distributions)". These and price are the bases for calculating expected yield. For example, Yahoo now shows KKR's indicated annual dividend at $1.84, which they get by multiplying the last quarterly dividend of $0.46 by 4. This gives an "indicated yield" of 8%.
This unsophisticated calculation method works okay for many stocks, but not for those whose distributions vary greatly, up and down from quarter-to-quarter such as KKR. In 2014, KKR paid unit-holders, successively, March=$0.48, May=$0.43, August=$0.67, November=$0.45. The result was that last year Yahoo "indicated" that KKR's annual dividend was stated as $1.72 in May and $2.68 in August.
It has been suggested that investors use the sum of the last quarters' payments as the "indicated dividend (distribution)." On this basis, KKR's current indicated annual dividend (distribution) is $1.93, for an 8.4% current yield if the next 2 quarters payments equal $1.12, a step up from the $0.81 paid in the last 2 quarters.