SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Dividend investing for retirement
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
From: chowder7/8/2011 5:53:26 PM
  Read Replies (2) of 34328
 
PAYX hasn't raised the dividend in over 3 years. I decided to let it go and took the proceeds and divided them equally between VZ and SDRL. ... I already owned these positions and added to them with the PAYX proceeds.

PAYX has a yield of 3.9% which is decent, but the dividend isn't growing. It's been flat for 13 quarters. I think I went 5 quarters too many. The job market is still flat. I don't see them increasing the dividend again until the job market improves significantly.

VZ has a 5.2% yield and a 4% dividend growth rate.

SDRL has somewhere between a 6% and 8% yield. It's tough to nail down because of the way they pay their dividends out. And to be honest, I'm looking for capital gains out of SDRL as opposed to holding long term like KO and ABT, for example.

So, all in all, I think I improved the portfolio.

If PAYX starts to increase the dividend down the road, I can always get back in.
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News