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The term "dividend" is certainly taboo; instead, euphemisms about "member benefits" abound.
However, there are a number of points that concern us, which hold us back from having a more positive stance on the stock at this juncture despite a very high anticipated near term dividend yield.
The company should be in a position to fund its next 250,000-300,000 ounce per annum mine development and pay a double-digit medium term dividend yield based on our $1300 an ounce gold forecast.
Clive Black at Shore Capital, who put a £1.4bn to £1.6bn valuation on Iceland, said: We believe that Morrison is right to look at the opportunity that the Iceland estate poses and proceed so long as it is accretive to earnings, medium term dividend flow and return on capital employed.
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This in turn increases our concern for Vodafone's medium-term dividend.
The dividend-tax changes of the Bush administration induce corporate America to adopt the same "short-term dividend gain over long-term productivity-enhancing investment" philosophy.
If arsenals of illegal guns are seized and hard-core gangsters are charged and convicted, there will be a longer-term dividend.
Analysts at Credit Suisse repeated their underperform rating and said: Further cost cutting combined with a clear message of no major acquisition means the near-term dividend looks secure.
After share price weakness, valuation metrics look less expensive; we believe Randgold offers high quality/low cost exposure to gold price upside, medium-term dividend growth and long-term value accretive growth potential from their exploration portfolio.
Each climbdown reaps a small, short-term dividend; cumulatively, they diminish the government's authority.It also feels it needs to compensate or atone for cutting the 50% top rate of tax to 45%, a budget measure trailed and fought over in advance, by pinching the rich in other ways.
Analysts covering the stock argue that the deal adds cash flow and eases any near-term dividend worries for Pfizer.
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