RE:RE:RE:49 years?tbnorthstar wrote: DeanEdmonton wrote: CU is still cranking out very strong cash flow, dividends are well covered at current levels, and they are putting 70-90 million in net profit to the bottom line each quarter. Debt is well controlled and being paid down quite quickly. No reason they can't continue to raise dividends like they always have.
tbnorthstar wrote: Will CU announce their 49th consecutive year of dividend raises this week or is the streak going to be broken here? My guess is, they offer something along the lines of a 1% increase but I could easily be incorrect.
Thanks DeanEdmonton,
They generally announce their dividend hike around this time of year....
Took a wild stab at a 1% increase to the dividend and got it right. Now, to re-invest all that extra money:) Sarcasm......but any raise is better than none.