Analysts' consensus one-year target price for RMD is currently just above the 52-week high of $42.30. There's room for, and the possibility of, upward earnings guidance and thus a higher price target. Shares dipped to $38.08 on Nov. 16 after it paid its quarterly dividend of 17 cents.
The current annual dividend provides a yield-to-price of 1.7%. If you're fortunate enough to pick up some shares on a price correction to $38.50, that yield-to-price rises to nearly 1.8%. You might want to watch the stock's movement for the next few days while doing your own due diligence about RMD.
If you can't wait to own some shares I'd recommend you consider a trailing stop loss that the market-makers won't see, such as the one referred to in the link above. This will limit your downside risk while opening the door to letting the share price move higher.
The Jack Daniels that Grandpa used is now one of a huge lineup of brand name alcoholic libations made by Brown Forman (BFB) .For more than 140 years, Brown-Forman has been building fine-quality beverage alcohol brands, including Jack Daniel's Tennessee Whiskey, Southern Comfort, Finlandia, Jack Daniel's & Cola, Canadian Mist, Korbel, Gentleman Jack, el Jimador, Herradura, Sonoma-Cutrer, Chambord, New Mix, Tuaca, and Woodford Reserve. Brown-Forman's brands are supported by nearly 4,000 employees and sold in approximately 160 countries worldwide. For more information about the company, please visit its educational Web site. Jim Cramer and Stephanie Link actively manage a real money portfolio for his charitable trust- enjoy advance notice of every trade, full access to the portfolio, and deep coverage of the latest economic events and market movements. On Nov. 27 the company's Board of Directors declared a special cash dividend of $4 per share on its Class A and Class B Common Stock that will be paid on Dec. 27 to stockholders of record on Dec. 12. This special cash dividend is in addition to the 9.3% increase in the company's regular cash dividend announced by the company on Nov. 15. Brown-Forman Chief Executive Officer Paul Varga said, "We believe this special dividend is the best utilization of the company's strong balance sheet at this time. Along with our recently announced increase in the regular dividend, this return of cash to shareholders reinforces our belief in the health of our business and our commitment to deploy its strong cash generation in the most effective and efficient manner."
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass Plus 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV