No. of Recommendations: 2
JWR: "DVY's dividend amount has grown by 7.5% per year, which is not too shabby."

Rayvt: <<<You are still hilarious.

A 4 1/2 year history is not nearly long enough of a backtest.

Not to mention the teensy-weensy fact that you are wrong.

DVY has only had 4 complete years of dividends:
2004: $1.90
2005: $1.85
2006: $2.22
2007: $2.37

The percentage growth year-over-year is:
2005 vs. 2004: -2.9%
2006 vs. 2005: 20.2%
2007 vs. 2006: 6.4%

Yes, the mean [OCD average of these three numbers is 7.9%, but what the heck can you depend on with numbers that are so wildly varaiable?">>>

Sorry for the correction, but using mean average for a compound analysis is also incorrect. The proper number is more like 7.571%. If the growth had been 7.9% per year 2007 dividend would have been $2.39.

Otherwise, I agree with the balance of your (ray's) post.

Regards, JAFO
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