Curious: I would have thought that dividend would have been higher; taxes were lowered significantly on them, and the economy has registered mediocre gains, in which companies should be able to take profits. But then I just heard that the producer price index has fallen noticeably. So perhaps the profits are not that great after all.
~Maru


Erik Reuter wrote:
Valuations look high. P/E ratio of the market is about 21 now. The
long term historical average is about 16. Also, dividend payout ratio
has historically been about 55% of earnings, but now it is only about
38% of earnings, and stock buybacks don't appear to be making up the
difference.

--
Erik Reuter   http://www.erikreuter.net/
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