Comments on: Sivy on Proctor & Gamble http://www.thedividendguyblog.com/sivy-on-proctor-gamble/ One Guy's Journey to Passive Income Through Dividend Investing Fri, 10 Feb 2012 13:02:29 +0000 hourly 1 http://wordpress.org/?v=3.2.1 By: StingyFinance http://www.thedividendguyblog.com/sivy-on-proctor-gamble/comment-page-1/#comment-3836 StingyFinance Tue, 14 Nov 2006 14:04:31 +0000 http://www.thedividendguyblog.com/2006/11/13/sivy-on-proctor-gamble/#comment-3836 This may be a little off topic, but do you keep your dividend investing stocks in your registered or non registered account? Joe http://www.StingyFinance.com This may be a little off topic, but do you keep your dividend investing stocks in your registered or non registered account?

Joe
http://www.StingyFinance.com

]]> By: yielder http://www.thedividendguyblog.com/sivy-on-proctor-gamble/comment-page-1/#comment-3835 yielder Tue, 14 Nov 2006 12:27:51 +0000 http://www.thedividendguyblog.com/2006/11/13/sivy-on-proctor-gamble/#comment-3835 Don't know what Sivy bases his <i>the shares are fully priced</i> comment on but my model says it's not as do a couple of others - http://makeashorterlink.com/?N27F24A2E Over the past 10 years eps have grown at 10% and have been incredibly smooth. Five year growth has been a bit higher at 10.6%. Assuming that the Gillette pushes the growth a bit higher, let's use a growth rate of 11%. Over the past 10 years, the average high multiple has been 28.8x. Exclude the multiple expansion years from 1997 through 2000 and the high multiple is 24x. Using 2005 diluted earnings of $2.64, a PE of 24, and a growth rate of 11, gives a price of $70. That's a return of 11%. Toss in the dividend for a total return of ~ 13% And this is a very short run view of a company that has increased its dividend for 50 consecutive years. Don’t know what Sivy bases his the shares are fully priced comment on but my model says it’s not as do a couple of others – http://makeashorterlink.com/?N27F24A2E

Over the past 10 years eps have grown at 10% and have been incredibly smooth. Five year growth has been a bit higher at 10.6%. Assuming that the Gillette pushes the growth a bit higher, let’s use a growth rate of 11%. Over the past 10 years, the average high multiple has been 28.8x. Exclude the multiple expansion years from 1997 through 2000 and the high multiple is 24x.

Using 2005 diluted earnings of $2.64, a PE of 24, and a growth rate of 11, gives a price of $70. That’s a return of 11%. Toss in the dividend for a total return of ~ 13%

And this is a very short run view of a company that has increased its dividend for 50 consecutive years.

]]> By: Latest Finance News » History » Sivy on Proctor & Gamble http://www.thedividendguyblog.com/sivy-on-proctor-gamble/comment-page-1/#comment-3832 Latest Finance News » History » Sivy on Proctor & Gamble Tue, 14 Nov 2006 07:30:26 +0000 http://www.thedividendguyblog.com/2006/11/13/sivy-on-proctor-gamble/#comment-3832 [...] Original post by The Dividend Guy [...] [...] Original post by The Dividend Guy [...]

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