10-10-2013, 11:20 AM
QCOR announced another increase to the dividend this morning, this time a 20% increase to $0.30 per share for the quarter. This gives a forward yield of around 2%.
http://finance.yahoo.com/news/questcor-i...00585.html
The release also states that the company is committed to the dividend and maintaining a 20% payout ratio.
With 5 year earnings projected to grow at 26%, a number which I believe will be beat by the company, I think this is a good high growth play to hold. With a current PE of just 15.7, the stock is cheap based on the expected growth rate.
The stock has been very volatile over the last year and considering it has just one drug there is some risk, so please do your own due diligence.
I'm long since March at about $32 per share.
http://finance.yahoo.com/news/questcor-i...00585.html
The release also states that the company is committed to the dividend and maintaining a 20% payout ratio.
With 5 year earnings projected to grow at 26%, a number which I believe will be beat by the company, I think this is a good high growth play to hold. With a current PE of just 15.7, the stock is cheap based on the expected growth rate.
The stock has been very volatile over the last year and considering it has just one drug there is some risk, so please do your own due diligence.
I'm long since March at about $32 per share.