18 Dividend Payers Raising Their Yield On Cost

Dividends4Life submits:

For dividend growth investors, there are certain attributes of investments that are more relevant than others, such as yield and dividend growth. To illustrate the power of dividend growth consider that an investment’s yield-on-cost will double every 5 years if they grow their dividend by 15%/year or 7 years at 10%/year or 14 years at 5%/year.


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How Jim Balsillie’s Initial $125,000 RIM Investment Disappeared

mark mcQueenMark McQueen (Wellington Financial) submits:

It has been almost 20 years since Jim Balsillie arrived at BlackBerry by Rod McQueen: Book CoverResearch in Motion (RIMM). Mike Lazaridis knew that he needed some help on the business side, and Jim was the answer. One of the first things Jim did was invest $125,000 for a one third stake in the company. The second thing he did was hire an accountant, who quickly produced a balance sheet that showed Jimmy what had become of his $125k. This excerpt is from Rod McQueen’s new book BlackBerry: The Inside Story of Research in Motion. My Dad got exclusive access to Mike and Jim over a multi-year period, and this story is just one of the dozens that we can all expect to read when it launches next week:

Among the many crucial moments in the history of Research In Motion was the arrival of Jim Balsillie in 1992. At the time, when he was hired by Mike Lazaridis, there were only fourteen employees. As RIM’s new vice-president of finance and business development, Balsillie invested $125,000 for a one-third interest in the business.


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Heineken’s Outlook Remains Robust

Veronique Adam submits:

Stock price: €35.4 ($48.21 US)
Conclusion: Reiterate our positive stance on Heineken (HINKY.PK). Bottom line preserved thanks to pricing combined with tight cost control. Recent M&A initiatives lead to great medium term prospects in Latam, India and South Africa. Raising our valuation range to €42-€44 per share.

2009 results: 4% above forecasts. Sales up 2.7% to €14.7bn, broadly flat organic. EPS up 4%. Earnings up 18% organic. No guidance given for 2010.


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