Wednesday, February 8, 2017

GILD raises dividend 10.64% --- New yield is 3.17%




GILD recently announced a 10.64% dividend increase. The new dividend amount will be $.52 per quarter up from $.47 per quarter. When you combine a 10% raise with a 10% decrease in share price, you get an incredibly high yield of 3.17%. That is exciting stuff!!

The ex-dividend date is 3/14/2017 and the pay date is 3/30/2017. I will definitely be a buyer of more shares in the near future.

Since I own 52.45 shares, my yearly dividends will increase by $10.49.


2017 Dividend raises
  • OHI:  1.64% --- $3.20
  • KMB:  5.43% --- $8.03
  • GILD:  10.64 --- $10.49

Total yearly dividend increase --- $21.72

10 comments:

  1. I like your enthusiastic acceptance of the 10% decrease in share price! And, of course, the 10% dividend raise. Who would not like a 3.17% yield!

    ReplyDelete
    Replies
    1. FerdiS,

      Enthusiasm is a good thing, right?! GILD definitely has some revenue problems like many companies right now! I'm confident they will turn things around. The yield is solid and the payout ratio is LOW!!

      MDP

      Delete
  2. That guidance for GILD is pretty ugly but as long as the HIV business keeps growing at a slow pace - it's priced pretty attractively now.

    ReplyDelete
    Replies
    1. Timeinthemarket,

      The PE is ridiculously low right now. Only GM comes to mind with as a company that is trading way to low on a PE basis! I'll likely add a few more shares in the coming weeks.

      MDP

      Delete
  3. Hi MDP,

    How sustainable do you think GILD's EPS are on a go forward basis?

    I just do not understand it well enough. If EPS doesn't fall off the cliff from here, the stock is very cheap. If EPS goes down from here, the stock may be overvalued..

    ReplyDelete
    Replies
    1. DGI,

      If revenue keeps tumbling, not very. You know how these things play out many times. Everyone is now in panic mode and course correcting and intense refocus will take place. The same thing is happening at the company I work at. Ebbs and flows.

      MDP

      Delete
  4. MDP -

    Dammit.. .that's awesome, after most companies have kept them fairly "calm" over the last 12 months, GILD comes in with the hammer, nice job and congrats.

    -Lanny

    ReplyDelete
    Replies
    1. Lanny,

      Bad quarter and you raise the divvy! Kind of reminds me of TGT after the security breach a few years ago. We'll see how it goes.

      MDP

      Delete
  5. Loving these daily purchase updates!
    Was hesitant of adding more GILD, but after hearing the podcast from Motley Fool on the position of GILD, I'm happy to report they still have plenty of runway.
    https://www.fool.com/podcasts/industry-focus/2017-02-08-healthcare-better-buy-illumina-or

    ReplyDelete
    Replies
    1. MD,

      I'll check it out. Thanks for the information!

      MDP

      Delete