Construction and mining equipment maker Caterpillar Inc. (CAT) on Wednesday saw its price target boosted by analysts at Jefferies & Co.
The firm raised its target on CAT from $110 to $120, suggesting a 20% upside to the stock’s Tuesday closing price of $99.86. That change came after the company’s recent investor meeting in Texas.
Jefferies also maintained its “Buy” rating on CAT, noting positive market trends and the company’s positive recent guidance.
Caterpillar shares fell 63 cents, or -0.6%, in premarket trading Wednesday.
The Bottom Line
I have been recommending Caterpillar (CAT) as an aggressive dividend recommendation since Dec.7, when the stock was trading at $89.20. The company has a 1.76% dividend yield, based on last night’s closing stock price of $99.86.
Disclosure I am long CAT shares.
Showing posts with label 2 - 5% Dividend. Show all posts
Showing posts with label 2 - 5% Dividend. Show all posts
Sunday, March 6, 2011
Thursday, February 24, 2011
Colgate-Palmolive (CL) Increases Quarterly Dividend 9% to $0.58
Colgate-Palmolive Company (NYSE: CL) has declared a quarterly dividend of $0.58 per common share, $2.32 annualized. The dividend is a 9% increase from the current rate of $0.53.
The dividend is to be paid on May 16, 2011 to shareholders of record as of April 26, 2011. The ex-dividend date is April 22, 2011.
Yield on the dividend is 3%.
Disclosure none.
The dividend is to be paid on May 16, 2011 to shareholders of record as of April 26, 2011. The ex-dividend date is April 22, 2011.
Yield on the dividend is 3%.
Disclosure none.
Sunday, February 20, 2011
M&T Bank announces quarterly dividend of 70 cents MTB
M&T Bank Corp. said it will pay a regular quarterly dividend of 70 cents per share. The holding company for M&T Bank said that the dividend will be paid March 31 to shareholders of record as of Feb. 28. M&T, based in Buffalo, N.Y., has paid 70-cent quarterly dividends for at least a year. The company's banks had 739 offices in the mid-Atlantic region at the end of 2009.
M&T Bank Corporation operates as the holding company for M&T Bank and M&T Bank, National Association that provide commercial and retail banking services to individuals, corporations and other businesses, and institutions. It offers business loans and leases; business credit cards; deposit products, including savings deposits, time deposits, NOW accounts, and noninterest-bearing deposits; and financial services, such as cash management, payroll and direct deposit, merchant credit card, and letters of credit.
The company also provides residential real estate loans; multifamily commercial real estate loans; commercial real estate loans; residential mortgage loans; investment and trading securities; short-term and long-term borrowed funds; brokered certificates of deposit and interest rate swap agreements related thereto; and offshore branch deposits.
In addition, it offers foreign exchange services. Further, the company provides consumer loans, and commercial loans and leases; credit life, and accident and health reinsurance; and brokerage, investment advisory, and insurance agency services. As of December 31, 2009, it had 793 banking offices in New York State, Pennsylvania, Maryland, Delaware, New Jersey, Virginia, West Virginia, and the District of Columbia, as well as a branch in George Town, Cayman Islands. The company was founded in 1969 and is headquartered in Buffalo, New York.
Disclosure NONE.
M&T Bank Corporation operates as the holding company for M&T Bank and M&T Bank, National Association that provide commercial and retail banking services to individuals, corporations and other businesses, and institutions. It offers business loans and leases; business credit cards; deposit products, including savings deposits, time deposits, NOW accounts, and noninterest-bearing deposits; and financial services, such as cash management, payroll and direct deposit, merchant credit card, and letters of credit.
The company also provides residential real estate loans; multifamily commercial real estate loans; commercial real estate loans; residential mortgage loans; investment and trading securities; short-term and long-term borrowed funds; brokered certificates of deposit and interest rate swap agreements related thereto; and offshore branch deposits.
In addition, it offers foreign exchange services. Further, the company provides consumer loans, and commercial loans and leases; credit life, and accident and health reinsurance; and brokerage, investment advisory, and insurance agency services. As of December 31, 2009, it had 793 banking offices in New York State, Pennsylvania, Maryland, Delaware, New Jersey, Virginia, West Virginia, and the District of Columbia, as well as a branch in George Town, Cayman Islands. The company was founded in 1969 and is headquartered in Buffalo, New York.
Disclosure NONE.
Kilroy Realty Corporation (NYSE: KRC) Declared a regular quarterly cash dividend of $0.35
Kilroy Realty Corporation (NYSE: KRC) announced today that its board of directors declared a regular quarterly cash dividend of $0.35 per common share payable on April 15, 2011 to stockholders of record on March 31, 2011. The dividend is equivalent to an annual rate of $1.40 per share. The board of directors also declared a dividend of $0.4875 per share on the company’s 7.80% Series E Cumulative Redeemable Preferred Stock for the period commencing on and including February 15, 2011 and ending on and including May 14, 2011. The dividend will be payable on May 16, 2011 to Series E preferred stockholders of record on April 29, 2011.
The board of directors also declared a dividend of $0.46875 per share on the company’s 7.50% Series F Cumulative Redeemable Preferred Stock for the period commencing on and including February 15, 2011 and ending on and including May 14, 2011. The dividend will be payable on May 16, 2011 to Series F preferred stockholders of record on April 29, 2011.
Kilroy Realty Corporation, a member of the S&P Small Cap 600 Index, is a real estate investment trust active in the premier office and industrial submarkets along the West Coast. For over 60 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of Los Angeles, Orange County, San Diego, greater Seattle and the San Francisco Bay Area. At December 31, 2010, the company owned 10.4 million rentable square feet of commercial office space and 3.6 million rentable square feet of industrial space. More information is available at www.kilroyrealty.com.
The board of directors also declared a dividend of $0.46875 per share on the company’s 7.50% Series F Cumulative Redeemable Preferred Stock for the period commencing on and including February 15, 2011 and ending on and including May 14, 2011. The dividend will be payable on May 16, 2011 to Series F preferred stockholders of record on April 29, 2011.
Kilroy Realty Corporation, a member of the S&P Small Cap 600 Index, is a real estate investment trust active in the premier office and industrial submarkets along the West Coast. For over 60 years, the company has owned, developed, acquired and managed real estate assets primarily in the coastal regions of Los Angeles, Orange County, San Diego, greater Seattle and the San Francisco Bay Area. At December 31, 2010, the company owned 10.4 million rentable square feet of commercial office space and 3.6 million rentable square feet of industrial space. More information is available at www.kilroyrealty.com.
T. Rowe Price Raises Dividend
T. Rowe Price Group, Inc.’s (TROW - Analyst Report) board of directors approved a 15.0% hike in the company’s quarterly common stock dividend on Thursday. The revised quarterly dividend now stands at 31 cents per share compared with the previous amount of 27 cents. The revised dividend will be payable on March 29, to shareholders as of the close of business on March 15.
This marks T. Rowe’s 25th consecutive annual dividend increase, reflecting the company’s commitment to return value to shareholders with its strong cash generation capabilities. Prior to this revision, the company increased its dividend by 8% (from 25 cents to 27 cents per share) in February 2010.
Based in Baltimore, T. Rowe Price is a global investment management organization with $482.0 billion in assets under management (AUM) as of December 31, 2010. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans and financial intermediaries. The company also offers refined investment planning and guidance tools.
We believe that despite active competition in markets, the company has a significant long-term upside potential based on its disciplined risk-aware investment approach which focuses on diversification, style consistency and fundamental research.
As of December 31, 2010, T. Rowe Price remains debt-free with substantial liquidity, including cash and mutual fund investment holdings of about $1.5 billion, which supports the company’s ability to continue investing for the future periods.
In 2010, the company paid roughly $278.9 million in dividends to common shareholders. Cash and cash equivalents exiting the year were $813.1 million. The company had $732.8 million in operating cash flows compared with $535.6 million as of December 31, 2009.
Earnings Recap
T. Rowe Price’s fourth-quarter 2010 earnings of 72 cents per share were significantly up from 57 cents reported in the prior-year quarter. Higher-than-expected results and better AUM were partially offset by increase operating expenses. Earnings for the quarter also surpassed the Zacks Consensus Estimate of 69 cents.
Based on its current strategic projects and plans, T. Rowe Price expects capital expenditures for fiscal 2011 to be approximately $120 million for property and equipment additions. The company anticipates funding these cash expenditures from internal resources.
Nevertheless, fundamentals remain strong with a debt-free position, higher return on earnings and improving investor sentiment. Further, relative mutual fund performance was also positive and we believe that in the long run, the company’s financial stability has the potential to take advantage of the gaining traction in the economy and benefit from the growth opportunities in the domestic and global AUM.
Moreover, the dividend increase reflects T. Rowe Price’s strong cash position and shareholders’ value to the company.
Disclosure None.
This marks T. Rowe’s 25th consecutive annual dividend increase, reflecting the company’s commitment to return value to shareholders with its strong cash generation capabilities. Prior to this revision, the company increased its dividend by 8% (from 25 cents to 27 cents per share) in February 2010.
Based in Baltimore, T. Rowe Price is a global investment management organization with $482.0 billion in assets under management (AUM) as of December 31, 2010. The organization provides a broad array of mutual funds, subadvisory services, and separate account management for individual and institutional investors, retirement plans and financial intermediaries. The company also offers refined investment planning and guidance tools.
We believe that despite active competition in markets, the company has a significant long-term upside potential based on its disciplined risk-aware investment approach which focuses on diversification, style consistency and fundamental research.
As of December 31, 2010, T. Rowe Price remains debt-free with substantial liquidity, including cash and mutual fund investment holdings of about $1.5 billion, which supports the company’s ability to continue investing for the future periods.
In 2010, the company paid roughly $278.9 million in dividends to common shareholders. Cash and cash equivalents exiting the year were $813.1 million. The company had $732.8 million in operating cash flows compared with $535.6 million as of December 31, 2009.
Earnings Recap
T. Rowe Price’s fourth-quarter 2010 earnings of 72 cents per share were significantly up from 57 cents reported in the prior-year quarter. Higher-than-expected results and better AUM were partially offset by increase operating expenses. Earnings for the quarter also surpassed the Zacks Consensus Estimate of 69 cents.
Based on its current strategic projects and plans, T. Rowe Price expects capital expenditures for fiscal 2011 to be approximately $120 million for property and equipment additions. The company anticipates funding these cash expenditures from internal resources.
Nevertheless, fundamentals remain strong with a debt-free position, higher return on earnings and improving investor sentiment. Further, relative mutual fund performance was also positive and we believe that in the long run, the company’s financial stability has the potential to take advantage of the gaining traction in the economy and benefit from the growth opportunities in the domestic and global AUM.
Moreover, the dividend increase reflects T. Rowe Price’s strong cash position and shareholders’ value to the company.
Disclosure None.
NextEra Energy Increases Quarterly Dividend 10% to 55 Cents
NextEra Energy Inc. (NEE) boosted its quarterly dividend by 10%, the latest company making a move to return cash to shareholders.
The company, which serves 4.5 million customers as Florida's largest utility company and is also the largest renewable energy provider in the U.S., raised the dividend by a nickel to 55 cents a share. It's payable on March 15 to shareholders of record on March 4.
A number of companies have been boosting or implementing dividends lately, looking to return value to shareholders as they dwindle cash piles built up during the recession.
NextEra last month said its third-quarter profit dropped 25% as sales and margins declined and usage at its electric utility decreased due to weather.
Shares recently increased 0.4% to $54.45. The stock has risen 19% in the past year.
Disclosure None.
The company, which serves 4.5 million customers as Florida's largest utility company and is also the largest renewable energy provider in the U.S., raised the dividend by a nickel to 55 cents a share. It's payable on March 15 to shareholders of record on March 4.
A number of companies have been boosting or implementing dividends lately, looking to return value to shareholders as they dwindle cash piles built up during the recession.
NextEra last month said its third-quarter profit dropped 25% as sales and margins declined and usage at its electric utility decreased due to weather.
Shares recently increased 0.4% to $54.45. The stock has risen 19% in the past year.
Disclosure None.
Rogers Communication (RCI.B) increased dividends by 10%
Rogers Communication (RCI) increased dividends by 10% this week bringing their dividends to $0.355 and a yield of 4.07%. Rogers is a Canandian Dividend Aristocrat and continues to reward investors. I do not hold a position in Rogers but it is on my short list and is trading near the bottom of its 52-week low.
TransCanada Corporation (TRP), another Canadian Dividend Aristocrat, also increased its dividend after a quarter that exceeded expectations. The increase of 2 cents, for a total of $0.42 per quarter, represent a 5% increase and provides TRP with a 4.42% dividend yield.
Disclosure NONE.
TransCanada Corporation (TRP), another Canadian Dividend Aristocrat, also increased its dividend after a quarter that exceeded expectations. The increase of 2 cents, for a total of $0.42 per quarter, represent a 5% increase and provides TRP with a 4.42% dividend yield.
Disclosure NONE.
Digital Realty Trust Q4 FFO Rises; Forecast Boosted (DLR)
Data center REIT Digital Realty Trust, Inc. (DLR) on Friday posted better-than-expected fourth quarter funds from operations and lifted its full-year 2011 forecast.
The San Francisco-based company reported fourth quarter funds from operations (FFO) of $102.91 million, or 98 cents per share, compared with $69.43 million, or 79 cents per share, in the year-ago period. Excluding one-time items, adjusted FFO was 96 cents per share.
Revenue surged more than 40% from last year to $239 million.
On average, Wall Street analysts expected smaller FFO of 91 cents per share, albeit on higher revenue of $242 million.
Looking ahead, the company boosted its full-year 2011 FFO guidance to a range of $3.80 to $3.95 per share, while analysts expect $3.85 per share for the year.
Digital Realty Trust shares were mostly flat in premarket trading Friday.
The Bottom Line
We recently added shares of Digital Realty Trust (DLR) to our recommended list. The company has a 4.86% dividend yield, based on last night’s closing stock price of $56.02.
Disclosure None
The San Francisco-based company reported fourth quarter funds from operations (FFO) of $102.91 million, or 98 cents per share, compared with $69.43 million, or 79 cents per share, in the year-ago period. Excluding one-time items, adjusted FFO was 96 cents per share.
Revenue surged more than 40% from last year to $239 million.
On average, Wall Street analysts expected smaller FFO of 91 cents per share, albeit on higher revenue of $242 million.
Looking ahead, the company boosted its full-year 2011 FFO guidance to a range of $3.80 to $3.95 per share, while analysts expect $3.85 per share for the year.
Digital Realty Trust shares were mostly flat in premarket trading Friday.
The Bottom Line
We recently added shares of Digital Realty Trust (DLR) to our recommended list. The company has a 4.86% dividend yield, based on last night’s closing stock price of $56.02.
Disclosure None
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