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Strategies & Market Trends : Dividend investing for retirement -- Ignore unavailable to you. Want to Upgrade?

To: Bocor who wrote (11775)	5/20/2012 8:52:33 AM
From: Bocor	2 Recommendations Read Replies (1) \| Respond to of 34328

Finally got my WAG, after waiting for months. Might go lower yet with the market, but I am satisfied for this to be a long term dividend grower at a decent price, and having sold several months of puts to finally get my price, I have a few dividends already in the bank. 10-Year Average Annual Dividend Growth Rate: 20% Three-Year Average Annual Dividend Growth Rate: 23% Been increasing dividends for 36 consecutive years, and at a nearly 20% average annual rate over the past decade. Since 2008, it has increased dividends by 23%. The company is currently using about 31% of its earnings, or 42% of its free cash flow, to cover its dividend allocations. WAG is expected to grow its earnings per share by 10.5% annually over the next five years. Even if that is high, WAG is a far superior store than RAD, and having spent a lot of time running into Duane Reed in NY paying outrageous prices, their Duane Reed merger will be exponentially rewarding at some point in the near future. While the current yield is slightly below my 3% target, the dividend growth and low valuation makes up for it in my book.