Money and Finance
I just added 14 shares of BAX for a grand cost of $1001.00 ($71/share+7 trading fee). This adds $29.12 to my forward annual dividend. I am still strengthening the core of my portfolio as this is my one and only health care (until JNJ comes down to earth).
Description:
Baxter International Inc. develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney diseases, trauma, and other chronic and acute medical conditions
Fundamental and premiums.
BAX is currently trading 20x PE, 2.9% and set to spin off its company somewhere mid 2015. S&P capital gives BAX a fair value of $73.70 with a 12-month price target of $90.00. Other analyst gives BAX a 12 month price target of $74.5. Either way I'm below both.
BAX has a Beta of 0.72 and an S&P rating of A.
Dividends
Baxter has increased its dividends for the past 8 years. It used to be a champion until several spin off froze dividends for a few years.
BAX currently yields 2.9%. It's payout ratio is 59%. It's DGR 3 year is 16.6% and DGR 5 year is 14.2%.
BAX average 5 year yield is 2.5%.
Spin Off
Dividend Engineering has an interesting history of BAX spin off here.
Worst case scenario, BAX will freeze dividends and its new company won't pay dividends. Best case scenario BAX does a 1:1 split and Baxtera will be sold to JNJ in a 1:1 stock swap. A man can dream can't he?
- Portfolio Management: Considering Closing A Position
In a post last week I discussed our forecast tax situation for 2015. It's a weird place to be in as I don't expect us to normally be in the 15% tax bracket but there's a big benefit to that: qualified dividends and long term capital gains...
- Dividend Growth Investing At Work - 2 More Increases
Something I love about dividend growth investing is that each month I get to hear about companies I own deciding to pay me more money in dividends. Just for owning a small portion of the companies. Not going and doing R&D for new products...
- Dividend Growth Investing At Work: Kinder Morgan, Inc. (kmi) Increases The Dividend To $0.48
Quick update today! But it's one that I love. I love hearing about dividend increases. Like absolutely love them. There's few things that I like more than getting paid extra just for owning quality companies. Yesterday, Kinder...
- Harris Corporation (hrs) Increases The Dividend
This morning Harris Corporation (HRS) announced an increase in the quarterly dividend. The payment increased from $0.42 to $0.47 or 11.9%. The new dividend rate is payable on September 23rd to shareholders of record as of September 9th. This...
- Baxter International (bax) - Dividend Stock Analysis
If you take a look at my portfolio I'm lacking in two major areas that I'd like to get more exposure too. One is the food industry, I only have KO and MCD that are direct plays on food and the other is healthcare. The demographics both in...
Money and Finance
Recent Buy
I just added 14 shares of BAX for a grand cost of $1001.00 ($71/share+7 trading fee). This adds $29.12 to my forward annual dividend. I am still strengthening the core of my portfolio as this is my one and only health care (until JNJ comes down to earth).
Description:
Baxter International Inc. develops, manufactures, and markets products for people with hemophilia, immune disorders, infectious diseases, kidney diseases, trauma, and other chronic and acute medical conditions
Fundamental and premiums.
BAX is currently trading 20x PE, 2.9% and set to spin off its company somewhere mid 2015. S&P capital gives BAX a fair value of $73.70 with a 12-month price target of $90.00. Other analyst gives BAX a 12 month price target of $74.5. Either way I'm below both.
BAX has a Beta of 0.72 and an S&P rating of A.
Dividends
Baxter has increased its dividends for the past 8 years. It used to be a champion until several spin off froze dividends for a few years.
BAX currently yields 2.9%. It's payout ratio is 59%. It's DGR 3 year is 16.6% and DGR 5 year is 14.2%.
BAX average 5 year yield is 2.5%.
Spin Off
Dividend Engineering has an interesting history of BAX spin off here.
Worst case scenario, BAX will freeze dividends and its new company won't pay dividends. Best case scenario BAX does a 1:1 split and Baxtera will be sold to JNJ in a 1:1 stock swap. A man can dream can't he?
FLIP
I also flip for 1 more share of GE. This increases my forward income by $0.92. This equal 50 share and the most I'm comfortable with. I'm still suspicious of GE after 2008. In the next crisis, they better cut the CEO pay before the dividends!
Total: $30.04 increase.
My next purchases will be in my Loyal3 account. Might get some Disney. It's one of those "Set it and you forget it" stock.
My next purchases will be in my Loyal3 account. Might get some Disney. It's one of those "Set it and you forget it" stock.
- Portfolio Management: Considering Closing A Position
In a post last week I discussed our forecast tax situation for 2015. It's a weird place to be in as I don't expect us to normally be in the 15% tax bracket but there's a big benefit to that: qualified dividends and long term capital gains...
- Dividend Growth Investing At Work - 2 More Increases
Something I love about dividend growth investing is that each month I get to hear about companies I own deciding to pay me more money in dividends. Just for owning a small portion of the companies. Not going and doing R&D for new products...
- Dividend Growth Investing At Work: Kinder Morgan, Inc. (kmi) Increases The Dividend To $0.48
Quick update today! But it's one that I love. I love hearing about dividend increases. Like absolutely love them. There's few things that I like more than getting paid extra just for owning quality companies. Yesterday, Kinder...
- Harris Corporation (hrs) Increases The Dividend
This morning Harris Corporation (HRS) announced an increase in the quarterly dividend. The payment increased from $0.42 to $0.47 or 11.9%. The new dividend rate is payable on September 23rd to shareholders of record as of September 9th. This...
- Baxter International (bax) - Dividend Stock Analysis
If you take a look at my portfolio I'm lacking in two major areas that I'd like to get more exposure too. One is the food industry, I only have KO and MCD that are direct plays on food and the other is healthcare. The demographics both in...