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shockingly good stock news

December 16th, 2008 at 04:52 am

Saving log - $0 tip box
Spending log - $7 groceries for work - (1/2 & 1/2 for french press coffee, turkey breast for lunch)

One of my DRP (dividend reinvestment) stocks, a utility called Wisconsin Energy Corp (WEC) actually raised its dividend a couple of days ago. And not just a girlie 1 cent per share, but 7 cents a share to over 33 cents per share or about a 25% increase. Wonder what they know that scared investors don't... Whatever it is, stop showing it! I want your price to drop so I can keep buying more.

In other news, I went to the gym, weighed myself - I'm at 182.8 and worked out a bit. I tell you now because I know that when the trainer weighs me on Friday, I'm going to be 187.

Posted in Gym, IRA, Stocks & DRPs | 4 Comments »

4 Responses to “shockingly good stock news”

  1. gamecock43 Says:
    December 16th, 2008 at 01:20 pm 1229433658
    1229433658

    You will not be 187!! LOL. you cant gain that weight in one week! You are down in weight so stay motivated! And congrats on the dividends!

  2. disneysteve Says:
    December 16th, 2008 at 01:37 pm 1229434647
    1229434647

    gamecock43, according to our Wii Fit scale, I have gained as much as 4-5 pounds in a couple of days. I've also lost that much in a couple of days.

    It really can vary based on time of day, clothing, time of last meal, etc. At first, it was discouraging to see my weight jump up like that until I realized that it can fluctuate in both directions. It is the long-term trend that matters, not the day to day variances.

  3. Broken Arrow Says:
    December 16th, 2008 at 04:23 pm 1229444594
    1229444594

    Hmm. A hike in dividend is usually a signal that the stock is hitting some rougher patches (or is expecting them in the near future). That's why they introduce dividend hikes, to keep investors on board. Usually. But I'm pretty sure you knew that.

    Whenever I see dividend hikes, especially big ones, I'd really like to know why that is.

  4. baselle Says:
    December 17th, 2008 at 07:16 am 1229498212
    1229498212

    BA - could be good or bad, and that's the reason why if the dividend yield rises, that's deadly. I have a number of theories:

    1. (this is their reason). We lowered the dividend a few years ago to fund capital projects. Those are done, but now our dividend is not as nice as other utilities, so we raised it to be competitive.

    That reason sounds too ...fluid... if you know what I mean.

    2. (my evil theory) We hiked the power rates in WI and are making boodles, so to keep us collecting spare cash that someone will ask us to refund to the user, we are paying off the shareholders.

    3. (its the times theory). The debenture offerings did not attract enough buyers. It won't fund us as fast, but perhaps we can attract enough shareholders to fund our new projects. Not a fantastic theory either. Smile
    4. (forward political thinking). We've got some green projects that we need to advertise a bit. Let us grab some attention from the financial press by talking about our dividend.

    Reason 2 has a certain amount of clarity.

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