What Did You Buy Today?

[Kerim]

(09-19-2019, 03:46 PM)EricL Wrote: How are you getting 90%?

The recent dividend raise was to $3.36 and they are expected to earn $4.20 in 2019, which is exactly an 80% payout ratio.

I guess I don't buy the $4.20 prediction. Using reported / diluted / GAAP numbers, they've earned $1.67 though the first half of the year. To make $4.20 per share for the year, they'd have to have back-to-back record setting quarters for the balance of 2019. I hope that happens, after I buy a few more shares, but I'm not holding my breath...