Money and Finance
I think that most dividend investors try and seek out the most undervalued dividend stocks to add to their portfolios when the money becomes available. While I think that is a fantastic idea I'm a bit different in that I like to keep my payments balanced over the course of the year. You can see that represented in my dividend payment chart from last months update. I hate the idea of an 'off' or 'slow' month for my dividend income. Judging by most of my fellow dividend bloggers I'd say that I'm in the minority here but that's ok with me. After last months record dividend total as well as my expected total for next month it looks like my weakest months will be for the Jan-April-July-Oct months. So for this purchase I was specifically searching for the right stock that pays in those months.
I had a few stocks on my watch list including CB, CTBI, and PM. Philip Morris in particular is looking attractive and I would love to own this stock eventually. It may even be my next purchase but I feel that I have time to get in on PM since the stock has been under performing for the past 2 years and I don't see it rebounding that quickly. PNY on the other hand has seen it's stock price plummet over $5 since the beginning of February. PM has 2 quarters before the next dividend increase and PNY is due for another increase next payment, I also felt that it is near the low of it's trading range so I pulled the trigger on it.
I purchased another 30 shares of PNY at $36.30
As you can see from the images below this dividend champion is a pretty boring utility stock and that's one of the reasons I like it so much. I am a bit worried about the payout ratio approaching 70% however.
Piedmont Natural Gas Co is an energy services company. It is engaged in distribution of natural gas to residential, commercial, industrial & power generation customers in portions of North Carolina, South Carolina and Tennessee.
- 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...
- Recent Purchase - Cisco
I've been looking around for another stock this past week as I knew I'd have the money to make another purchase. I wanted to buy a stock which pays in April so that limited my choices a bit. The first thing I look at are the names that I already...
- Recent Purchase - Johnson & Johnson (jnj)
It's not often I have money to make purchases two weeks in a row but it happened again. After my recent purchase of Flowers Foods I had my eye on a few other names including Consolidated Edison (ED), and Compass Minerals (CMP) but I ultimately choose...
- Recent Buy - Wgl Holdings (wgl)
Today I added to my position in WGL Holdings (WGL). I purchased 26 shares at $42.50 which brings my total position to 66 shares. WGL has a dividend yield of 3.90% and has raised it's dividend for 37 years straight making WGL a dividend champion. ...
- Recent Buy - Piedmont Natural Gas (pny)
This week I purchased more Piedmont Natural Gas (PNY). Piedmont Natural Gas Company, Inc., an energy services company, engages in the distribution of natural gas to residential, commercial, industrial, and power generation customers in North Carolina,...
Money and Finance
Recent Purchase - Piedmont Natural Gas (PNY)
I had a few stocks on my watch list including CB, CTBI, and PM. Philip Morris in particular is looking attractive and I would love to own this stock eventually. It may even be my next purchase but I feel that I have time to get in on PM since the stock has been under performing for the past 2 years and I don't see it rebounding that quickly. PNY on the other hand has seen it's stock price plummet over $5 since the beginning of February. PM has 2 quarters before the next dividend increase and PNY is due for another increase next payment, I also felt that it is near the low of it's trading range so I pulled the trigger on it.
I purchased another 30 shares of PNY at $36.30
As you can see from the images below this dividend champion is a pretty boring utility stock and that's one of the reasons I like it so much. I am a bit worried about the payout ratio approaching 70% however.
Piedmont Natural Gas Co is an energy services company. It is engaged in distribution of natural gas to residential, commercial, industrial & power generation customers in portions of North Carolina, South Carolina and Tennessee.
PNY Chart
PNY Basic Statistics
- Ticker Symbol: PNY
- PE Ratio: 19 (18 forward p/e)
- Sector: Utility
- Yield: 3.64%
- Dividend Growth: 36 years
- Payout Ratio: 69 %
- Market cap: $2.8b
- Beta: .53
- Website: http://www.piedmontng.com
PNY Dividend Growth Chart
PNY EPS Growth Chart
- 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...
- Recent Purchase - Cisco
I've been looking around for another stock this past week as I knew I'd have the money to make another purchase. I wanted to buy a stock which pays in April so that limited my choices a bit. The first thing I look at are the names that I already...
- Recent Purchase - Johnson & Johnson (jnj)
It's not often I have money to make purchases two weeks in a row but it happened again. After my recent purchase of Flowers Foods I had my eye on a few other names including Consolidated Edison (ED), and Compass Minerals (CMP) but I ultimately choose...
- Recent Buy - Wgl Holdings (wgl)
Today I added to my position in WGL Holdings (WGL). I purchased 26 shares at $42.50 which brings my total position to 66 shares. WGL has a dividend yield of 3.90% and has raised it's dividend for 37 years straight making WGL a dividend champion. ...
- Recent Buy - Piedmont Natural Gas (pny)
This week I purchased more Piedmont Natural Gas (PNY). Piedmont Natural Gas Company, Inc., an energy services company, engages in the distribution of natural gas to residential, commercial, industrial, and power generation customers in North Carolina,...