We are removing a dividend stock from our recommended list today.
Name Being Removed
H.J. Heinz (HNZ) has been a great name for us, having recommended since Jan.2009, with the stock more than doubling in share price alone (plus the dividend payouts all along the way). At this point, the odds of another suitor coming in to top the Warren Buffett/Berkshire Hathaway bid are probably not very strong. For those holding the shares, we would not out any new capital in the name and would be inclined to ringing the register after the big pop from the recent takeover announcement.