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

To: Triffin who wrote (14776)	3/6/2013 4:57:08 PM
From: chowder	Read Replies (1) \| Respond to of 34328

Triff, I understand some may want to do away with PNY since the dividend growth is down to 3.3%. I wouldn't argue that call. If I owned just a few utilities I'd probably look elsewhere too. I currently own 8 of them. I'm going to hold for now because I reinvest the dividends and I get a 5% discount on the reinvested shares. From my point of view, that buffers the dropping dividend growth a little and that provides PNY at least a 1 year probationary period. I'll wait until next year to determine if it comes off probation or whether I need to sell it. I do notice they are bringing their payout ratio down. They keep raising the dividend .01 per year. That meant a 3.7%, 3.5% and a 3.3% this year. With the same .01 next year, that takes the increase to 3.1%. I think I'll hold for now though. Any thoughts on where you may go to replace it? I currently own AVA, D, LNT, PNY, SO, SRE, UNS and WEC. If you look at NGG, they will announce their new dividend strategy in May. So you may want to wait until then. I already sold my position but if the new dividend strategy is acceptable, I'll consider buying them back at a later date.