tag:blogger.com,1999:blog-2986124651030959736.post5408950501441871904..comments2024-03-29T08:03:35.151-05:00Comments on Stocks, Bonds & Politics: Bought 50 of UBSI/Bought 50 GLL/TGT and HD Earnings/Industrial Production/Sarah and MeredithTENNINDEPENDENThttp://www.blogger.com/profile/17444227958539559639noreply@blogger.comBlogger2125tag:blogger.com,1999:blog-2986124651030959736.post-90681892102353033962009-11-23T18:47:40.970-06:002009-11-23T18:47:40.970-06:00LUTHER: I am starting to focus some attention on ...LUTHER: I am starting to focus some attention on the banks that refused TARP funds, and who are still paying good dividends and earning enough to cover the dividend pay out. I thought that it was important that UBSI has maintained its dividend throughout this banking debacle, and a raise is even more encouraging. I noted in its press release that the dividend has increased from 6 cents per year to $1.17 over its 36 year history, and this represents a 9% compound growth rate. While there is no certainty of course that this pace can continue, a 9% growth rate would result in a doubling of the dividend in 8.04 years, and that kind of historical rate of dividend growth is an important factor in deciding how long to hold the stock. When I start with a base of a 7% yield at my cost, I am even more likely to hold with any kind of growth in the dividend, let alone a 9% growth.TENNINDEPENDENThttps://www.blogger.com/profile/17444227958539559639noreply@blogger.comtag:blogger.com,1999:blog-2986124651030959736.post-85144561196366347222009-11-23T16:48:13.824-06:002009-11-23T16:48:13.824-06:00Looks like UBSI upped their dividend in the 4th qt...Looks like UBSI upped their dividend in the 4th qtr to .30 which appears to be a positive sign as the shares were up 3.77% on above average volume today. Cheers.Unknownhttps://www.blogger.com/profile/04353197462456757440noreply@blogger.com