02-24-2015, 06:31 AM
Yesterday I bought 7 shares of Parker Hannifin Corporation (PH) at $123.1.
Their current yield is only 2% - lower than my usual 2.5%+ purchases.
I decided to purchase it due to:
* 58 years of increasing dividends - much longer than my required 10.
* Payout ratio of 35% - less than half than my required 75%.
* The 1yr, 3yr, 5yr and 10yr DGR are all above 10% - much higher than my required 5%.
* Their D/E is only 33% - lower than my required 75%.
* Their past and estimated 5yr growth are 17% and 10% respectively - much higher than my required 5%.
* No red-flags in any of my criterion.
Have a great day
Their current yield is only 2% - lower than my usual 2.5%+ purchases.
I decided to purchase it due to:
* 58 years of increasing dividends - much longer than my required 10.
* Payout ratio of 35% - less than half than my required 75%.
* The 1yr, 3yr, 5yr and 10yr DGR are all above 10% - much higher than my required 5%.
* Their D/E is only 33% - lower than my required 75%.
* Their past and estimated 5yr growth are 17% and 10% respectively - much higher than my required 5%.
* No red-flags in any of my criterion.
Have a great day