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.
=====
“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