I understand this is generally accepted as a good defensive stock, with a great yield. Am looking to pick up a few myself…
however one questions is with there eps vs there dps
Year to date 2007 2006 2005
Earnings (cents) 17.00 20.88 17.81
Dividends (cents) 28.00 30.00 22.50
how do they consistently pay out more in dividends than they earn??
is this through borrowing??
and is this sustainable??
just some things I haven’t quite figured out yet
