a word to the wise. at this point, both Reynolds and Altria are as good as gold, and should be bought on any weakness.
they've had a great 4 quarters since the last divvy increase. no way do they reduce the dividend increase to only 3 cents. bank on that.
I wonder why they haven't declared it yet. last year, they declared the Q4 dividend on 7/18. It's the 21st now. wonder what they are waiting for?
no way. they raised it 4 cents per share last year. no way that they only raise it 3 cents this year. they will probably raise it to 56 cents. if we get lucky, they might raise it to 57 cents. we'll see.
Prediction- when they announce the Q3 divvy, RAI will raise it from the current 67 cents to at least 72 cents per share. This is going to be so sweet!
the way it's going, it could hit a new high today. who knows. I just hope that they come out with some positive news in order to justify/rationalize this kind of price move. ie a big divvy increase, a special dividend, maybe a stock split. We'll see.
banging today. I wonder if they will issue a special dividend? And I wonder by how much they will increase the regular quarterly divvy. We'll see.