Comments on: Stock Analysis: PAYX *

By: Dividends4Life

Dividends4Life — Fri, 12 Sep 2008 22:53:00 +0000

Anon:The formula is:

current dividend / avg(5-year high div. yield)

with numbers:

58.40 = 1.02/ avg(0.61/32.98 + 0.51/28.6 + 0.47/28.83 + 0.44/23.76 + 0.33/20.39)

Best Wishes,
D4L

By: Anonymous

Anonymous — Fri, 12 Sep 2008 15:13:00 +0000

I’m trying to recreate your calcs and cannot get your avg high yield price. I get 35.05 using your narrative–avg(current yr dividend/each of last 5 years high yield). What am I doing wrong. I got avg pe price and graham number that you did.

thanks for the blog.

By: Dividends4Life

Dividends4Life — Mon, 05 Nov 2007 03:12:00 +0000

Div Guy: I try to balance the lower yield/higher growth stocks with a select few higher yield/lower growth stocks. I have a position in ACAS that I am looking to increase in November. I have been in and out of SFI (currently) out, and considering going long in it in November.

Thanks for visting by blog!

By: Dividends4Life

Dividends4Life — Mon, 05 Nov 2007 03:06:00 +0000

I have been looking at PAYX for sometime. The flat dividend also concerned me, but I opted to open a small position based on the strength of other attributes (esp. the "Rolling 4-yr Div. > 15%" which is one I really like).

It is interesting to note that PAYX’s highest dividend payout % occurred in 2003. At 56%, this is still considered low.

Thanks for visiting my blog and adding me to your blogroll!

By: Div Guy

Div Guy — Mon, 05 Nov 2007 03:05:00 +0000

Good job on the blog.

I like PAYX but I need a little higher yield to include it my selection.

By: The Dividend Guy

The Dividend Guy — Sun, 04 Nov 2007 21:55:00 +0000

Thanks for the email – and nice looking blog here. I also enjoyed your analysis of PAYX – the pdf document you have put together is amazing. The lack of dividend increase in 2003 is a bit concerning. I really dislike seeing a missed dividend increase in there. I also have been weary of this one due to its higher P/E, but it seems to be holding strong on that!

I have added you to my blogroll.

The Dividend Guy