08-18-2013, 07:33 AM
(This post was last modified: 08-18-2013, 08:11 AM by Horace Cugle.)
I have always looked at dividends as something that puts a floor under the stock, a buffer. While I'm not especially concerned with "only" a 2.2% yield, when yields get that low I don't think they hold the stock up as well because investors don't rush in to buy 2.2% yields like they would a 4% yield. Just my perception.
I do the same thing with COP and PSX. I set up a little widget on my spreadsheet that calculates them as one company. Just for fun I guess.
They announced their last raise from $1.00>>>$1.25 last February, I think it's wise to hang for a while and see what happens. There will probably be some bumps in the road, but as we near next February investors will get a little more interested.
It seems like at $56 it is reaching a 6 month support level, but don't put much faith in my divining of charts. Still, it's 20% off its high and in a zone that says pay attention.
Also, the formation of PSXP MLP is supposed to help PSX with earnings. I don't understand (or enjoy) all that accounting stuff, but that's what I've read.
All said and done, I can hardly think of a stock I've owned in the last 20-30 years that I wish I still didn't own. If an investor is worried about what PSX might be next month I wouldn't buy it. Longer term it could be a very nice stock to own.
I do the same thing with COP and PSX. I set up a little widget on my spreadsheet that calculates them as one company. Just for fun I guess.
They announced their last raise from $1.00>>>$1.25 last February, I think it's wise to hang for a while and see what happens. There will probably be some bumps in the road, but as we near next February investors will get a little more interested.
It seems like at $56 it is reaching a 6 month support level, but don't put much faith in my divining of charts. Still, it's 20% off its high and in a zone that says pay attention.
Also, the formation of PSXP MLP is supposed to help PSX with earnings. I don't understand (or enjoy) all that accounting stuff, but that's what I've read.
All said and done, I can hardly think of a stock I've owned in the last 20-30 years that I wish I still didn't own. If an investor is worried about what PSX might be next month I wouldn't buy it. Longer term it could be a very nice stock to own.