04-28-2015, 12:49 PM
(This post was last modified: 04-28-2015, 12:50 PM by Dividend Watcher.)
R2R, at this price (~$118), the P/E at the mid-point of lowered guidance ($7.65) gives you a P/E of 15.
From your article on SA:
I've said it before, if you can handle the low yield, and are younger and patient, you will be rewarded. Go look at the 20 year chart. The only time it got really spanked was the Great Recession. They were hardly singled out.
Great company & good management. The yield is just too low for me. Now if it got down to less than $90 . . .
From your article on SA:
Quote:A Dividend Champion, having raised its dividend for 58 consecutive years, Parker-Hannifin flies under the radar for most investors as the starting initial yield is low (currently at 2.1%).
I've said it before, if you can handle the low yield, and are younger and patient, you will be rewarded. Go look at the 20 year chart. The only time it got really spanked was the Great Recession. They were hardly singled out.
Great company & good management. The yield is just too low for me. Now if it got down to less than $90 . . .
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“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