What Did You Buy Today?

[fenders53]

(04-16-2020, 03:10 PM)EricL Wrote:

(04-16-2020, 11:34 AM)fenders53 Wrote: Anyone else like IP?  (International Paper)  Boring BIZ but the Div is almost as good as MO or T and the payout ratio around 50%.  I like it down here.  Or is cardboard packaging going away and I just don't realize it?  I think I am going to add some more IP.

Keep in mind that the 50% payout is off trailing earnings. According to 2020 estimates, the payout ratio is nearly 90%, and that is questionable as earnings are a tossup at this point. IP doesn't have a great dividend track record, and its BBB credit rating doesn't leave a ton of wiggle room for a cyclical company.

What's a good track record?  Div growth the past 10 years looks pretty good.  That's usually how far I look back.  I do like aristocrats best but to get a good PE you gotta buy stocks like XOM and SKT borrowing their Divs.