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Author: kelbon Big red star, 1000 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 8754  
Subject: Re: Excelon Date: 10/26/2012 12:09 PM
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As this is the Dividend Growth Investing board, it's, I think, worth noting that Excelon last raised its dividend in 2008. Furthermore, there is no expectation that the dividend will be raised anytime soon.

Earnings have dropped off significantly and are expected to be less than half what they were in 2007 for 2012. In fact, earnings are likely to be shy of the dividend distribution. This is expected to be a one-time occurrence because earnings are predicted to pick up again for 2013, and, consequently the dividend is probably safe.

Next year costs from the merger with Constellation should start to be outstripped by savings and additional operating income. But, it will likely be a long slog for this stock as long as weak prices in the power market persist.

For income investors, the generous dividend (at the current stock price) and the relative safety of the company has appeal.

kelbon
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