Back in 2008 Altria (MO) spun off its global tobacco operations in order to reduce litigation risk. The global tobacco operations are touted as a growth play on emerging markets such as China and Russia. Just because there might be an opportunity for growth, does not really mean however that this growth would materialize. Check my analysis of Altria Group (MO).
AT&T/Centennial Communications Merger Arbitrage Opportunity
Checking the pulse of dividend increases is an exercise whose goal is to uncover potential dividend growth plays that I might have otherwise missed out on. Another reason for that is to refute the idea that dividend investing is dead. It is also interesting to look for trends in the data, while browsing through the list of dividend increasers.
Walgreen Co is the nation's largest drugstore chain with fiscal 2008 sales of $59 billion. The company operates 6,902 drugstores in all 50 states, the District of Columbia and Puerto Rico. The company is member of the S&P 500 and was a recent addition to the S&P Dividend Aristocrats index.
After a slow week for dividend increases last week, eleven companies with strong balance sheets showed enough confidence in their ability to generate sufficient cash flows to substantiate dividend raises. Despite the tough economic conditions the USA is experiencing, these companies still managed to defy the odds and increase their cash dividends.
I recently managed to get a hold of the letters of the original Buffett Partnership. In those letters Warren Buffett describes the investment strategies employed by the partnership, the structure of the partnership as well as the fees that the limited investors paid for performance.
Walgreen was the only dividend raiser last week, which is not surprising during the slow summer season. Walgreen, which operates the largest chain of drugstores in the United States, raised its dividend by 22.2% to 13.75 cents/share. The company is a member of the elite dividend aristocrats index, and has increased its quarterly dividends for 34 consecutive years.