Posts: 2,398
Threads: 54
Joined: Jul 2013
Reputation:
35
(11-18-2019, 10:37 AM)Otter Wrote: (11-18-2019, 10:10 AM)divmenow Wrote: Six Flags (SIX) bumps up dividend by a penny, to yield more than 7.4%. Raised from .82 to .83.
One of the best buys in the market right now.
I looked at this one, but its balance sheet is troubling, as is its past history. Only emerged from bankruptcy in 2009 (all prior shareholders were wiped out and ownership transferred to bondholders):
https://www.reuters.com/article/us-sixfl...RF20100503
BB credit rating is not investment grade, and dividend payout ratio was over 100% even before this dividend raise. Its latest quarterly report shows that liabilities currently outstrip assets (3.1 billion to 3.0 billion), current liabilities are ~15% higher than the debt levels that pushed them into bankruptcy last time, long term debt has risen by 10% in the last three quarters alone, and total liabilities have risen by ~20% in these past three quarters. Future growth forecasts are anemic compared to performance over the past decade.
https://otp.tools.investis.com/clients/u...ETS_555874
I could see them declaring Chapter 11 again with even a mild recession.
Agree with Otter about Six Flags. Extremely vulnerable to a recession, and a BB credit rating doesn't give them any cushion. Looks like a value trap to me.
Posts: 6,404
Threads: 47
Joined: Aug 2018
Reputation:
68
I've played it some but SIX is speculative. They may not go bankrupt, but pretty sure they basically did last recession. Their bonds are not investment grade and they have plenty of them issued. FUN deflected their offer for a reason. I looked at FUN as well but their dividend currently exceeds cash flow. The penny DIV raise trick is often our clue to go find out why they probably should have cut it instead.
Posts: 1,024
Threads: 8
Joined: Aug 2018
Reputation:
16
Merck (NYSE:MRK) declares $0.61/share quarterly dividend, 10.9% increase from prior dividend of $0.55.
Forward yield 2.9%
Payable Jan. 8; for shareholders of record Dec. 16; ex-div Dec. 13.
Posts: 1,024
Threads: 8
Joined: Aug 2018
Reputation:
16
Agilent (NYSE:A) declares $0.18/share quarterly dividend, 9.8% increase from prior dividend of $0.164.
Forward yield 0.92%
Payable Jan. 22; for shareholders of record Dec. 31; ex-div Dec. 30.
Posts: 1,899
Threads: 48
Joined: May 2013
Reputation:
10
Brown-Forman (NYSE: BF.B) declares $0.1743/share quarterly dividend, 5% increase from prior dividend of $0.1660.
https://seekingalpha.com/news/3521353-br...3-dividend
Posts: 1,899
Threads: 48
Joined: May 2013
Reputation:
10
Becton, Dickinson (NYSE: BDX) declares $0.79/share quarterly dividend, 2.6% increase from prior dividend of $0.77.
https://seekingalpha.com/news/3521907-be...9-dividend
Posts: 1,899
Threads: 48
Joined: May 2013
Reputation:
10
Hormel Foods (NYSE: HRL) declares $0.2325/share quarterly dividend, 10.7% increase from prior dividend of $0.21.
https://seekingalpha.com/news/3521931-ho...5-dividend
Posts: 2,398
Threads: 54
Joined: Jul 2013
Reputation:
35
South Jersey (NYSE:SJI) declares $0.295/share quarterly dividend, 2.6% increase from prior dividend of $0.2875.
Forward yield 3.84%
Payable Dec. 27; for shareholders of record Dec. 10; ex-div Dec. 9.
Posts: 2,398
Threads: 54
Joined: Jul 2013
Reputation:
35
McCormick (NYSE:MKC) declares $0.62/share quarterly dividend, 8.8% increase from prior dividend of $0.57.
Forward yield 1.47%
Payable Jan. 13; for shareholders of record Dec. 31; ex-div Dec. 30.
Posts: 2,398
Threads: 54
Joined: Jul 2013
Reputation:
35
Mastercard (NYSE:MA) declares $0.40/share quarterly dividend, 21.2% increase from prior dividend of $0.33.
Forward yield 0.56%
Payable Feb. 7; for shareholders of record Jan. 9; ex-div Jan. 8.
Posts: 1,865
Threads: 35
Joined: Jan 2016
Reputation:
6
12-03-2019, 06:01 PM
(This post was last modified: 12-03-2019, 06:01 PM by divmenow.)
(12-03-2019, 05:00 PM)EricL Wrote: Mastercard (NYSE:MA) declares $0.40/share quarterly dividend, 21.2% increase from prior dividend of $0.33.
Forward yield 0.56%
Payable Feb. 7; for shareholders of record Jan. 9; ex-div Jan. 8.
21% dividend increase, 8 billion share repurchase! Happy holidays from Mastercard! Its my 2nd largest holding....
Posts: 2,398
Threads: 54
Joined: Jul 2013
Reputation:
35
(12-03-2019, 06:01 PM)divmenow Wrote: (12-03-2019, 05:00 PM)EricL Wrote: Mastercard (NYSE:MA) declares $0.40/share quarterly dividend, 21.2% increase from prior dividend of $0.33.
Forward yield 0.56%
Payable Feb. 7; for shareholders of record Jan. 9; ex-div Jan. 8.
21% dividend increase, 8 billion share repurchase! Happy holidays from Mastercard! Its my 2nd largest holding....
It's still an underweight position for me, but it's growing into a full one. Now up over 90% in just under two years since I bought it!
|
