01-31-2014, 10:12 AM
(This post was last modified: 01-31-2014, 10:14 AM by Dividend Watcher.)
Finally! Although I hate to say it, CVX has come down to a better entry point after staying above it's fair value (to me) for over a year.
EPS dropped 34% due to lower production and higher OpEx this past quarter. Stock price is down about 11% over the last couple weeks. Now I can reinvest at a much better value. With a low payout ratio, I'm not worried about any dividend issues.
Won't be adding here since, even with the latest drop, it's now the 2nd largest holding and one I should've trimmed but I'm loving that almost 5% YOC dividend stream.
EPS dropped 34% due to lower production and higher OpEx this past quarter. Stock price is down about 11% over the last couple weeks. Now I can reinvest at a much better value. With a low payout ratio, I'm not worried about any dividend issues.
Won't be adding here since, even with the latest drop, it's now the 2nd largest holding and one I should've trimmed but I'm loving that almost 5% YOC dividend stream.