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Investment Q&A

Not investment advice or solicitation to buy/sell securities. Do your own due diligence and/or consult an advisor.

Q: publish if you see fit: companies that have increased their dividend payments for 25+ consecutive years in a row.
3M (MMM)
Abbott Laboratories (ABT)
AbbVie (ABBV)
Aflac (AFL)
Air Products and Chemicals (APD)
Archer-Daniels-Midland (ADM)
AT&T (T)
Automatic Data Processing (ADP)
Becton, Dickinson & Company (BDX)
Brown-Forman (BFB)
Cardinal Health (CAH)
Chevron (CVX)
Chubb (CB)
Cincinnati Financial (CINF)
Cintas (CTAS)
Clorox (CLX)
Coca-Cola (KO)
Colgate-Palmolive (CL)
Consolidated Edison (ED)
CR Bard (BCR)
Dover (DOV)
Ecolab (ECL)
Emerson Electric (EMR)
Exxon Mobil (XOM)
Franklin Resources (BEN)
Genuine Parts Company (GPC)
HCP, Inc. (HCP)
Hormel Foods (HRL)
Illinois Tool Works (ITW)
Johnson & Johnson (JNJ)
Kimberly-Clark (KMB)
Leggett & Platt (LEG)
Lowe’s (LOW)
McCormick & Company (MKC)
McDonald’s (MCD)
Medtronic (MDT)
Nucor (NUE)
Pentair (PNR)
PepsiCo (PEP)
PPG Industries (PPG)
Procter & Gamble (PG)
Sherwin-Williams (SHW)
Sigma Aldrich (SIAL)
S&P Global (SPGI) (formerly McGraw Hill Financial)
Stanley Black & Decker (SWK)
Sysco Foods (SYY)
T. Rowe Price Group (TROW)
Target (TGT)
V.F. Corporation (VFC)
W.W. Grainger (GWW)
Walgreens Boots Alliance (WBA)
Wal-Mart Stores (WMT)
Un fortunately I could not find the same info for Canada... a constant problem
Read Answer Asked by claude on August 12, 2016
Q: Can you provide an updated assessment on SunLife (SLF)given recent results? I am looking to invest new money in blue chip dividend payor for son's TFSA account and also considering telcom (BCE) as an alternative. Should I go with SLF for now given the recent run up in BCE stock price? Thanks again. John C
Read Answer Asked by john on August 11, 2016
Q: Hello
Can you comment on earnings for both ATP and TA.

Cash flow seems to be improving and both are working on improving leverage levels.

I have a small position in both these companies that I intend on selling to buy more quality names. But I am not in a hurry to sell them since I am down 30% and 40% respectively and would like to let them run a bit if they show signs of improving.


Thank you !
Read Answer Asked by Stephane on August 11, 2016
Q: In your answer to my question yesterday you noted "If the NAV falls below a certain level (found in the prospectus), the payout will be cut and that will likely be a huge hit to returns."

To be more precise the prospectus says:

"No regular monthly dividends will be paid on the Class A Shares in any month as long as any dividends on the Preferred Shares are then in arrears or so long as the Net Asset Value per Unit is equal to or less than $15.00 (calculated as described under Details of the Offering Valuation of Assets ). Additionally, it is currently intended that no special year-end dividends will be paid if after payment of such a dividend the Net Asset Value
per Unit (calculated as described under Details of the Offering Valuation of Assets ) would be less than $25.00."

When I look at the actual dividend history, I see that DFN has consistently paid dividends of $0.10 per share every month since inception -- including 2008 & 2009 when the markets were so unsettled.

I also note that DFN shares have traded below $15 since Jan 2008, reaching a low of %4.66 in 2008 and trading in a range of $10 - $12.50 since July 1, 2009.


My questions are:

1. Does it seem like they like have more flexibility to continue dividends than the prospectus indicates?
2. Given the this history of consistent dividends over a fairly long period, covering the scary 2008 -- 2009, why would you not consider DFN a screaming BUY?




Read Answer Asked by Douglas on August 09, 2016