10-15-2014, 11:49 PM
(This post was last modified: 10-15-2014, 11:51 PM by Dividend Watcher.)
dan,
When I was writing that, it was below $100 and I see it closed above again. IIRC, they stay pretty much around 10% growth. They get hammered in a recession but, since the make the nuts & bolts of a lot of things, they come out of it pretty quick. Boring field but they have their fingers in tons of machinery. 58 years of dividend growth counts for something also. So, in my book, when P/E gets in the low teens, it gets interesting. Too bad the yield is so low. If I had a couple decades, compounding around 10% over that time period starts getting interesting.
I like BDX for the same reason but, alas, the same low dividend yield.
When I was writing that, it was below $100 and I see it closed above again. IIRC, they stay pretty much around 10% growth. They get hammered in a recession but, since the make the nuts & bolts of a lot of things, they come out of it pretty quick. Boring field but they have their fingers in tons of machinery. 58 years of dividend growth counts for something also. So, in my book, when P/E gets in the low teens, it gets interesting. Too bad the yield is so low. If I had a couple decades, compounding around 10% over that time period starts getting interesting.
I like BDX for the same reason but, alas, the same low dividend yield.