Bought some $PEP at ~$132 and TSE:CNR at ~$137 today. Both wide moat stocks trading at historically high dividend yields. Not expecting very good near term returns, but as always I invest for the long term.
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@EEconomixta If we assume free cash flow (FCF) per share of $7.05 based on earnings guidance for 2024, we arrive at a dividend per share of $2.82 for 2024.
Current dividend per share is $6.04/year. Implies a +50% cut.
Source: https://t.co/9CqVSA5RiY
Sold out of my $MMM 3M position today at $98.81. Also sold off my $SOLV shares for $63.10 that I still had from the spinoff.
Dividend cut at 3M triggered this action.
@EEconomixta Management hasn't given a figure for the new $MMM dividend, but it will be declared in May. However, we do know it will be "approximately 40% of adjusted free cash flow," according to Executive Chairman (and former CEO) Mike Roman on the earnings call.
3M $MMM expecting a 40% FCF payout ratio post the spin off of Solventum $SOLV
Shareholders received 1 share of SOLV for every 4 shares of 3M they owned pre-spin
SOLV hasn't declared dividends yet
It looks like a stealth dividend cut
Will know more when it's actually declared
Playing around with #ChatGPT and trying to get it to teach me how to code and create 5, 10, 15, 20 & 25-year dividend yield charts.
I was able to put this together for $RY Royal Bank of Canada.
Does this look accurate?
$RY 25-year #dividendyield chart
#dividendgrowth
🧵 In this thread, I’ll profile Canadian Western Bank $CWB @CWBcommunity, a regional bank that serves clients in Western Canada and beyond.
It’s a stock in the Canadian Dividend All-Star List: Canadian listed stocks #TSX#TSXV that have increased their dividend for 5+ years. 🧵