11-21-2014, 09:19 AM
(11-21-2014, 01:17 AM)Dividend Watcher Wrote: In my opinion, you won't see dividends for quite a while yet.
GILD is plowing a lot of their cash flow back into R&D, Debt/Equity is up around 60%, they have a plethora of products in the pipeline, there is no corporate culture of distributing dividends and they are on the lookout for further purchases all augur against a dividend in the near future. It took AMGN around 30 years before they started paying a dividend & Biogen still doesn't pay any.
GILD is in my speculative category and am not expecting dividends for a long while.
Same here, it looks to me like management's plan is to plow cash flow into research and share buybacks. I own GILD in an investment club and bought it as first purchase in my son's ESA account but as strictly a capital gains play for me.