RE:Conference call highlightsYodaLayhehoo wrote:
Most importantly for me anyway the CEO clarified there will be a dividend increase in Q4. It's not a matter of "if" he said but a matter of how much.
The assets sales for the WGL deal are starting with gas fired plants in California around September . This gives me confidence the deal is going smoothly so far.
Even in 2015 they raised the dividend almost 2 cents last year 1 cent. We're probably looking at a 1 cent minimum raise this year. Bringing the monthly dividend to .185 per share.
That would give us a 7.70% yeild approximately this year. Going forward with 8-10% raises the following years would be increases of 2 cents annually. Every 2 cents adding approximately .82% to the yeild.
For every .01 cent increase to the dividend it adds .41% to the yeild.
This will be yielding over 10 % in 3 years at this current price.
It's strange people aren't picking up on this one unless something is totally flying over my head. Current risk? Raising interest rates? The US can't raise anymore the economy is not strong enough and Canada will be raising slowly over a decade. I don't suspect well see the overnight rate above 1.00 anytime soon that is still extremely low.
I suspect this will turn out to be quite a buying opportunity in a few years time but I'm a bias shareholder. Enjoy the summer!
YodaLayhehoo exactly right !! You hit the hammer on the nail. We in the same boat as enb/spectra merger,trp/columbia and others. Money is cheap now as deals are made to position market share. Just calm down investors if you don't want your attractive shares I will gladly pick them up. You snooze you lose.
Also, Bashir knows value just like Buffet.
Good luck to all