05-18-2018, 03:18 PM
Just did a quick scan of the release and conference call transcript and think it might be worth holding on to.
Might earn close to $10 this year, and with a 25-35% payout ratio target, I wouldn't be surprised if they raised the dividend from $0.60 to $0.75 by the end of the year.
At $155 right now, that gives a forward PE of 15-16 and a potential forward yield of about 1.9%.
Not cheap, but not outrageously priced either.
Might earn close to $10 this year, and with a 25-35% payout ratio target, I wouldn't be surprised if they raised the dividend from $0.60 to $0.75 by the end of the year.
At $155 right now, that gives a forward PE of 15-16 and a potential forward yield of about 1.9%.
Not cheap, but not outrageously priced either.