07-30-2014, 09:30 AM
(07-30-2014, 04:42 AM)Vincenzo Wrote:(07-29-2014, 11:19 PM)Dividend Watcher Wrote: Payout ratio is around 60%.
Dividend Watcher - where are you seeing a payout ratio of 60%? Both Morningstar and Yahoo Finance say it is 36-ish%
You're right. I quickly went to Finviz and read the wrong line. It's around 37% -- quite low for a company that's grown the dividend around 10% for many years.
I wasn't concerned because of their debt from the Goodrich acquisition. I knew they were paying it down as quickly as they could. As you can tell, it's not one of the companies that I worry about monitoring too closely. My uncle worked for them in the Pratt & Whitney division his whole life and he always had good things to say about the company.
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“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan
“While the dividend itself is merely a rearrangement of equity, over time it's more like owning an apple tree. The tree grows the apples back again and again and again, and the theoretical value of the tree doesn't change just because of when the apples are about to fall.” - earthtodan