07-30-2014, 01:31 PM
(07-30-2014, 09:30 AM)Dividend Watcher Wrote:(07-30-2014, 04:42 AM)Vincenzo Wrote:(07-29-2014, 11:19 PM)Dividend Watcher Wrote: Payout ratio is around 60%.
Dividend Watcher - where are you seeing a payout ratio of 60%? Both Morningstar and Yahoo Finance say it is 36-ish%
You're right. I quickly went to Finviz and read the wrong line. It's around 37% -- quite low for a company that's grown the dividend around 10% for many years.
I wasn't concerned because of their debt from the Goodrich acquisition. I knew they were paying it down as quickly as they could. As you can tell, it's not one of the companies that I worry about monitoring too closely. My uncle worked for them in the Pratt & Whitney division his whole life and he always had good things to say about the company.
FinViz says that the payout ratio is 60%, so you didnt look at the wrong line. A quick check of their EPS confirms that the payout is 37% - so, yahoo/morningstar are reporting the right number.