(02-20-2020, 04:03 PM)kblake Wrote: [ -> ] (02-20-2020, 03:53 PM)EricL Wrote: [ -> ] (02-20-2020, 03:34 PM)DividendGarden Wrote: [ -> ]Coca-Cola (NYSE: KO) declares $0.41/share quarterly dividend, 2.5% increase from prior dividend of $0.40.
https://seekingalpha.com/news/3544091-co...1-dividend
Pretty stingy compared to Pepsi!
Agreed why even bother raising lol
This is what aristocrats do when times are hard. "Here's yer brand new penny son"
Better than I was expecting from Home Depot!
Home Depot (NYSE:HD) declares $1.50/share quarterly dividend, 10.3% increase from prior dividend of $1.36.
Forward yield 2.5%
Payable March 26; for shareholders of record March 12; ex-div March 11.
Canadian Imperial Bank (NYSE:CM) declares CAD 1.46/share quarterly dividend, 1.4% increase from prior dividend of CAD 1.44.
Forward yield 5.53%
Thankfully they have a habit of raising more than once every 12 months.
Eaton declares $0.73 dividend
- Eaton (NYSE:ETN) declares $0.73/share quarterly dividend, 2.8% increase from prior dividend of $0.71.
- Forward yield 2.88%
- Payable March 27; for shareholders of record March 13; ex-div March 12.
Digital Realty Trust (NYSE
LR) declares $1.12/share quarterly dividend, 3.7% increase from prior dividend of $1.08.
Forward yield 3.44%
Payable March 31; for shareholders of record March 17; ex-div March 16.
EOG Resources (NYSE:EOG) declares $0.375/share quarterly dividend, 30.7% increase from prior dividend of $0.287.
Forward yield 2.37%
Payable April 30; for shareholders of record April 16; ex-div April 15.
MELBOURNE, Fla.--(BUSINESS WIRE)-- The Board of Directors of L3Harris Technologies (LHX) has declared a quarterly cash dividend of 85 cents per share on the common stock, payable March 27, 2020, to shareholders of record on the close of business on March 13, 2020.
“This 13% dividend increase, on top of the 10% increase announced this past July, reflects our confidence in strong free cash flow generation and a commitment to drive value for shareholders,” said William M. Brown, Chairman and Chief Executive Officer.
(02-28-2020, 03:32 PM)EricL Wrote: [ -> ]MELBOURNE, Fla.--(BUSINESS WIRE)-- The Board of Directors of L3Harris Technologies (LHX) has declared a quarterly cash dividend of 85 cents per share on the common stock, payable March 27, 2020, to shareholders of record on the close of business on March 13, 2020.
“This 13% dividend increase, on top of the 10% increase announced this past July, reflects our confidence in strong free cash flow generation and a commitment to drive value for shareholders,” said William M. Brown, Chairman and Chief Executive Officer.
Well, really mixed feelings about this.
Sure, I do enjoy it when the div goes up 24% year on year. That is more than phenomenal and means a lot of beer money for me. And I like beer money!
But LHX's management was very adamant about using extra cash for share repurchases. The current repurchase program is pretty massive and they were planning on using extra cash from divestments (one new one announced just this week) to further increase it. This is all from their earnings call which was less than a month ago.
And now that the share price is actually pretty decent for share repurchases, they are starting to shift their mindset from repurchases to dividends? Perplexing.
(02-28-2020, 08:45 PM)crimsonghost747 Wrote: [ -> ] (02-28-2020, 03:32 PM)EricL Wrote: [ -> ]MELBOURNE, Fla.--(BUSINESS WIRE)-- The Board of Directors of L3Harris Technologies (LHX) has declared a quarterly cash dividend of 85 cents per share on the common stock, payable March 27, 2020, to shareholders of record on the close of business on March 13, 2020.
“This 13% dividend increase, on top of the 10% increase announced this past July, reflects our confidence in strong free cash flow generation and a commitment to drive value for shareholders,” said William M. Brown, Chairman and Chief Executive Officer.
Well, really mixed feelings about this.
Sure, I do enjoy it when the div goes up 24% year on year. That is more than phenomenal and means a lot of beer money for me. And I like beer money!
But LHX's management was very adamant about using extra cash for share repurchases. The current repurchase program is pretty massive and they were planning on using extra cash from divestments (one new one announced just this week) to further increase it. This is all from their earnings call which was less than a month ago.
And now that the share price is actually pretty decent for share repurchases, they are starting to shift their mindset from repurchases to dividends? Perplexing.
I see it as a positive. Even with this increase, the payout ratio on 2020 earnings is a tad below 30%, which is pretty reasonable, and should still leave room for buybacks.
I see it as positive as well. A payout ratio of 30% is nothing close to irresponsible. Share buy backs have become a bit of a shell game IMO, masking an actual lack of profit to meet estimates. I approve of them in moderation though. I happen to prefer companies that make an earnest attempt to achieve a 2% yield which grows. That is vital for a viable DGI portfolio. In the end it offers share price stability when things aren't going so well. Defense is and always will be cyclical, and the down cycle fairly unpredictable. In this case cyclical might just mean 8 years rather than 8 months. The US current defense budget is absolutely ludicrous in the opinion of many. It's at least considered unsustainable if you are fair minded at all. The politics will ebb and flow. There will be a time when the military spending pendulum swings. It can and will happen someday. Most of the first half of my military career was in an austere logistical environment. Defense contractors did "OK, not great".
The following is a little off topic but relevant IMO. I want to be invested in a company that will throw me a bone when they can. Special dividends actually make more sense to me for cyclical companies, rather than running your normal dividend up and then allowing it to choke you. Ford is actually a good and bad example at the same time. Yes their future looks bleak, very bleak. The whole industry has been bleak off and on since forever. They will cut their dividend to zero, then pay a large special "surprise" dividend when they can. Some would argue they should just pay a very low and sustainable dividend. They can't do that now, or the share price will visit $2. Point is, it's not easy managing shareholder distributions in a highly cyclical industry.
I am rapidly becoming overweight in defense. I'd be hesitant to recommend somebody else do that if they have a 25yr holding period. The last half of that could be very poor, or not. Anyway, their is a reason the aristocrat list is usually dominated by companies selling soda pop, soap and paper products. It's just much easier to achieve consistency.