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

To: JimisJim who wrote (20843)	10/4/2014 12:22:01 PM
From: Steve Felix	1 Recommendation Recommended By JimisJim Respond to of 34328

Sounds like your daughter has her flow of life going just the way she wants, in something she loves. San Diego is nice, but this bus goes to Va. Beach, where the son in law has transferred. Pretty sure my daughter bugged him every day to find a way to get closer to home. His home too, so I'm sure he is happier. Per the conversations on buy backs, OXY expected to soon be an example. Like ARG, they essentially have just bought back what they have issued over the last ten years. At 12 years, a Contender, with 1,3,5, and 10 year dividend growth averages all over 15%. A special dividend would be nice, or they could pay off their 6.9B in debt by early next year, but the company already stated they will be buying back stock. Estimates of as much as 12% over the next year. ( there is more to it than just this spin off ) OXY to spin off California oil and gas business ogfj.com "In response to the California spin-off approval, Jefferies analysts commented, “Oxy will distribute 80.1% of the equity in California Resources Co. (CRC) to Oxy shareholders on Nov. 30, and will concurrently receive a dividend of $6b from CRC. Oxy will retain the remaining 19.9% of the equity for up to 18 months and potentially exchange this equity for shares in Oxy. Any remaining equity at the end of the holding period will be distributed to shareholders. We expect the equity value of CRC to settle at about $6b. “$6b dividend available for repurchases. CRC has successfully placed $5b of notes in three tranches to fund the Oxy parent dividend. While Oxy will have some restrictions on the use of the proceeds to maintain the tax-free treatment of the spin, the company can use the cash for debt reduction and share repurchases upon receipt. We expect that the early trading around the spin-out could be volatile, and Oxy will be able to take advantage of any negative price reaction by buying in shares." From a Credit Suisse brokerage report: OXY provided an illustration of their share count, excluding any monetization of the Middle East. The share count would fall around 12% to 690m shares.... The current dividend would be paid out over fewer shares and there is room to increase further given the absolute level of free cash...