Showing posts with label Portland Electric. Show all posts
Showing posts with label Portland Electric. Show all posts

Thursday, December 13, 2012

Portland Electric symbol POR Dividend Machine for week of December 10, 2012


Portland Electric (POR) is my Dividend Machine for week of December 10, 2012

           

            My dividend project requires me to add the first company that qualifies as a dividend machine to my weekly list.   I do not search every day.    When I search for a dividend machine, I use several sources including TheStreet.com’s ex-dividend calendar; the Wall Street Journal’s dividend change feature, and sometimes I just run across a company through press releases or general news.   This week I started with TheStreet.com and found this company in the first group of stocks I researched.

 

            Portland Electric is an electric utility in the Northwest.  Today it traded around $27.28.  If you own it by December 21, 2012, you will receive the quarterly dividend of $.27 on January 15, 2012.  This is an annual dividend yield of 3.97%.

 

            Fundamentally, Portland Electric is a solid dividend machine.  POR’s earnings for the last four quarters were $1.87 and dividends paid out for the same period were $1.07.  Dividends have increased every year for six years.  Debt to equity ratio (D/E) is 1.01.  These data are presented in the table below.

 






DIVIDEND MACHINE
12/12/2012


Portland Electric
POR


Price when profiled
$27.28


Last 4 Qtrs Earnings
$1.87


Last 4 Qtrs Dividends
$1.07


Current Qtr Dividend
$0.27


Annualized Div Yield
3.95%


No. Years Div Increase
6


Debt/Equity ratio
101.00%





           

            I never try to sell my dividend picks.   Remember the dividend machine project requires discipline and therefore specific rules.   I do not pick the best dividend machine each week; I profile the first one that complies with my rules.  With that said, I occasionally provide the fifth dimension which is my or another person's opinion in support or dissent.

 

            In support of POR is David Dreman.   Read his review from Seeking Alpha in this link.http://seekingalpha.com/article/1057481-5-value-dividend-stocks-for-investing-like-a-contrarian?source=msn

 

Consider POR for the income producing portion of your portfolio and fear not going over the “fiscal cliff.”

 

Very Truly Yours,

 

TheMoneyMadam
Read more »

Monday, September 5, 2011

Portland General Electric - Dividend Machine for Sept 5, 2011

Rosskopf (Freiburg), Windr├Ąder vom AussichtsturmImage via Wikipedia          Our dividend machine for September 5, 2011 is Portland General Electric, symbol POR.  This electric and alternative energy company was a subsidiary of Enron.


After POR became independent, it has consistently increased its earnings.  POR paid its first dividend of $.225 in March of 2006.  If you own it before September 26, 2011, you will receive a quarterly dividend of $.265 on October 17, 2011. Few investments have increased their payout recently.



POR meets our very stringent criteria for a dividend machine.  POR earns $2.19 per share per year, pays our $1.06 per share per year, which, at Friday's closing price of $23.45, is a dividend yield of 4.52 percent.  POR's debt to equity ratio is 1.09, within industry average.


The above paragraph depicts the nature of simple income investing.  Bonds are still too expensive and this blog does not cover real estate investing, therefore your investment choices tend toward investing (not trading) equities.  During times of market uncertainty, a safe investment is one where the company makes more that it pays you and it pays you more and more every year.


Consider POR, Portland General Electric for the income-producing portion of your portfolio.

Very Truly Yours,

TheMoneyMadam
Enhanced by Zemanta
Read more »