01-07-2015, 09:53 PM
(This post was last modified: 01-07-2015, 09:54 PM by Dividend Watcher.)
I just lightened up on NU yesterday. At the top of their P/E band, yield now hovering just under 3%, FERC just gave them a mild spanking last fall with their allowed ROE and CL&P rate case was similarly tight. They have a bright future with the NStar acquisition and bringing in more gas from the Marcellus and hydro from Quebec will ease some of their resource restrictions but that's a couple years off (at least). Trying to decide what to do with the proceeds. I'll probably get back in when the yield is in the high-3%'s.
=====
“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