08-06-2014, 11:40 AM
Well, they provided fiscal 2016 earnings guidance of $4.25-$4.60 and a payout ratio of 30-35%.
This gives a range of $1.28-$1.61 in dividends, compared to $1.35 with today's increase.
I'd guess about a 10% increase next year as the acquisition is digested and then 10-15% going forward to match the expected earnings growth rate of the company.
This gives a range of $1.28-$1.61 in dividends, compared to $1.35 with today's increase.
I'd guess about a 10% increase next year as the acquisition is digested and then 10-15% going forward to match the expected earnings growth rate of the company.