This past week GuruFocus recognized four different companies as dividend growers. To make it on this list, the company had to have a dividend yield of more than 3%, have a strong history of continuing and raising dividends, be a part of a guru’s portfolio and have a market cap of greater than $1 billion.
The following four companies come from various industries and sectors but all fit the criteria needed to qualify them as dividend growers.
A comparison of the companies’ historical dividend growth:
STO data by GuruFocus.com
1. Dominion Resources (D)
On May 6, Dominion Resources declared a dividend of $0.563 per share. This sets the company’s dividend yield at 3.6%.
The dividend is payable on June 20 to shareholders of the record at the close of business June 7, 2013.
The company’s dividend growth rate is as follows:
· 10-year: 6.1%
· 5-year: 7.2%
· 3-year: 4.8%
The company has offered quarterly cash dividends since 1984. Dominion has consistently increased the dividend since 2004.
Dominion Resources provides electricity, natural gas and related services to customers mainly in the eastern region of the U.S. The company manages its daily operations through three operating segments: Dominion Virginia Power of DVP, Dominion Energy and Dominion Generation.
The market cap for the company is $35.2 billion.
The company recently released its first quarter fiscal 2013 results which highlighted:
· GAAP earnings of $0.86 per share.
· Operating earnings of $0.83 per share compared to guidance of $0.80 to $0.95.
The GuruFocus analysis on Dominion Resources reports:
· The company is sitting at or near several 10-year highs: price ($61.07), P/E ratio (116.32), P/B ratio (3.31) and P/S ratio (2.7).
· The per share revenue has been in decline for the past 12 months.
· The operating margin has been in a 5-year decline. The average rate of decline is -3.6% each year.
· The company has issued $3.4 billion of debt in the past 3 years.
Insiders of Dominion Resources currently hold nearly 5 million shares and 0.9% of the company.
There are currently nine gurus that hold a stake in Dominion Resources. To see the full list of these gurus and the shares they hold, click here.
With its shares up 0.08%, Dominion Resources trades at $59.80.
2. Statoil ASA (STO)
On May 7, Statoil declared a dividend of $0.871 per share. This moves the company’s dividend yield to 3.8%.
This dividend is payable on June 5 to shareholders of the record at the close of business May 21, 2013.
The company’s dividend growth rate is as follows:
· 10-year: 0%
· 5-year: 3.3%
· 3-year: 3.1%
Statoil has declared a dividend annually every May since 2002. This will be the first dividend under $1.00 per share since 2005.
The company, headquartered in Norway, is an integrated oil and gas company which is engaged in exploration, production, transportation, refining and marketing of petroleum and petroleum-derived products. The company maintains operations in 35 countries around the world.
Statoil ASA has a market cap of $76.24 billion.
The company’s most recent earnings statement reports:
· A net operating income of kr38 billion compared to kr57.9 billion from the first quarter 2012.
· Adjusted earnings were kr42.4 billion compared to kr59.2 billion in the same quarter 2012.
· The net income for first quarter 2013 was kr6.4 compared to 15.4 billion in 2012.
The financials show revenue growth since December 2009.
The analysis on Statoil reports:
· The gross margin has been a long term decline. The average rate of decline per year is -2.9%.
· Statoil ASA has issued kr25.2 billion of debt in the past 3 years.
· The P/B ratio is close to a 10-year low of 1.28.
· The per share revenue has declined in the past 12 months.
There are currently 6 gurus that hold shares of Statoil. To see the full list of these gurus and their stake, click here.
With its shares down 0.1%, STO trades at $23.88.
3. CA Technologies (CA)
On May 9, CA Technologies reported a dividend of $0.25 per share. This moves the company’s dividend yield to 3.7%.
This dividend is payable on June 11 to shareholders of the record at the close of business May 23, 2013.
The company’s dividend growth rate is as follows:
· 10-year: 22.9%
· 5-year: 58.1%
· 3- year: 58.1%
The company has declared a biannual dividend since 1990 and a quarterly dividend since 2006. On Feb. 10, 2012, CA Technologies increased their quarterly dividend from $0.05 per share to $0.25 per share
The company has a market cap of $12.22 billion.
CA Technologies is an independent enterprise information technology (IT) software and service company. They develop and deliver software and services that help businesses manage and secure their IT infrastructures and deliver more flexible IT services.
On May 7, the company reported their fourth quarter and full year 2013 results. Some of the highlights:
· Fourth quarter GAAP EPS grew 20% in constant currency and 18% as reported.
· Fourth quarter revenue decreased 2% in constant currency and 3% as reported.
· Total revenue for the year was$4.643 billion, down 2% from 2012.
· The cash flow from operations was $1.408 billion, compared to $1.505 billion.
The analysis on CA Technologies notes the following:
· The per share revenue has slowed in the past 12 months.
· The price is close to a 5-year high of $27.73.
· The P/S ratio is close to a 3-year high of 2.89.
· The operating margin has been expanding.
There are currently 16 gurus that hold stake in CA Technologies. To see the full list of these gurus and the shares they hold, click here.
With its shares down 0.92%, CA Technologies trades at $26.97.
4. DOW Chemical Co. (DOW)
On May 9, DOW Chemical declared a dividend of $0.32 per share. This moves the company’s dividend yield to 3.7%.
This dividend is payable on July 30 to shareholders of the record at the close of business June 28, 2013.
The company’s dividend growth rate is as follows:
· 10-year: -6.1%
· 5-year: -2.5%
· 3-year: 19.2%
This is the 407th consecutive cash dividend issued by the company. DOW has paid its share holders cash dividends every quarter since 1912.
DOW Chemical manufactures and sells chemicals, plastic materials, agricultural products and services, advanced materials and other specialized products and services. It offers products and services in over 160 countries.
DOW’s market cap is currently at $42.24 billion.
On May 7, DOW Chemical received $2.2 billion in cash proceeds as the result of the K-Dow arbitration with Petrochemical Industries Company of Kuwait.
The GuruFocus analysis warns that the per share revenue has been in decline for the past 5 years. It also notes that the operating margin has been expanding recently and that the price is close to a 1-year high of $34.58.
The company recently released its first quarter results which highlighted:
· Earnings of $0.46 per share, or adjusted earnings of $0.69 per share, up 31% from the first quarter fiscal 2012.
· Sales were down 2% from last year to $14.4 billion.
· Cash flow from operations increased by nearly $500 million versus the year-ago period.
There are currently 8 gurus that hold stake in DOW. To see these gurus and the stake they hold, click here.
To view a complete list of the high yielding dividend stocks found among the Gurus’ portfolios, click here.
The following four companies come from various industries and sectors but all fit the criteria needed to qualify them as dividend growers.
A comparison of the companies’ historical dividend growth:
STO data by GuruFocus.com
1. Dominion Resources (D)
On May 6, Dominion Resources declared a dividend of $0.563 per share. This sets the company’s dividend yield at 3.6%.
The dividend is payable on June 20 to shareholders of the record at the close of business June 7, 2013.
The company’s dividend growth rate is as follows:
· 10-year: 6.1%
· 5-year: 7.2%
· 3-year: 4.8%
The company has offered quarterly cash dividends since 1984. Dominion has consistently increased the dividend since 2004.
Dominion Resources provides electricity, natural gas and related services to customers mainly in the eastern region of the U.S. The company manages its daily operations through three operating segments: Dominion Virginia Power of DVP, Dominion Energy and Dominion Generation.
The market cap for the company is $35.2 billion.
The company recently released its first quarter fiscal 2013 results which highlighted:
· GAAP earnings of $0.86 per share.
· Operating earnings of $0.83 per share compared to guidance of $0.80 to $0.95.
The GuruFocus analysis on Dominion Resources reports:
· The company is sitting at or near several 10-year highs: price ($61.07), P/E ratio (116.32), P/B ratio (3.31) and P/S ratio (2.7).
· The per share revenue has been in decline for the past 12 months.
· The operating margin has been in a 5-year decline. The average rate of decline is -3.6% each year.
· The company has issued $3.4 billion of debt in the past 3 years.
Insiders of Dominion Resources currently hold nearly 5 million shares and 0.9% of the company.
There are currently nine gurus that hold a stake in Dominion Resources. To see the full list of these gurus and the shares they hold, click here.
With its shares up 0.08%, Dominion Resources trades at $59.80.
2. Statoil ASA (STO)
On May 7, Statoil declared a dividend of $0.871 per share. This moves the company’s dividend yield to 3.8%.
This dividend is payable on June 5 to shareholders of the record at the close of business May 21, 2013.
The company’s dividend growth rate is as follows:
· 10-year: 0%
· 5-year: 3.3%
· 3-year: 3.1%
Statoil has declared a dividend annually every May since 2002. This will be the first dividend under $1.00 per share since 2005.
The company, headquartered in Norway, is an integrated oil and gas company which is engaged in exploration, production, transportation, refining and marketing of petroleum and petroleum-derived products. The company maintains operations in 35 countries around the world.
Statoil ASA has a market cap of $76.24 billion.
The company’s most recent earnings statement reports:
· A net operating income of kr38 billion compared to kr57.9 billion from the first quarter 2012.
· Adjusted earnings were kr42.4 billion compared to kr59.2 billion in the same quarter 2012.
· The net income for first quarter 2013 was kr6.4 compared to 15.4 billion in 2012.
The financials show revenue growth since December 2009.
The analysis on Statoil reports:
· The gross margin has been a long term decline. The average rate of decline per year is -2.9%.
· Statoil ASA has issued kr25.2 billion of debt in the past 3 years.
· The P/B ratio is close to a 10-year low of 1.28.
· The per share revenue has declined in the past 12 months.
There are currently 6 gurus that hold shares of Statoil. To see the full list of these gurus and their stake, click here.
With its shares down 0.1%, STO trades at $23.88.
3. CA Technologies (CA)
On May 9, CA Technologies reported a dividend of $0.25 per share. This moves the company’s dividend yield to 3.7%.
This dividend is payable on June 11 to shareholders of the record at the close of business May 23, 2013.
The company’s dividend growth rate is as follows:
· 10-year: 22.9%
· 5-year: 58.1%
· 3- year: 58.1%
The company has declared a biannual dividend since 1990 and a quarterly dividend since 2006. On Feb. 10, 2012, CA Technologies increased their quarterly dividend from $0.05 per share to $0.25 per share
The company has a market cap of $12.22 billion.
CA Technologies is an independent enterprise information technology (IT) software and service company. They develop and deliver software and services that help businesses manage and secure their IT infrastructures and deliver more flexible IT services.
On May 7, the company reported their fourth quarter and full year 2013 results. Some of the highlights:
· Fourth quarter GAAP EPS grew 20% in constant currency and 18% as reported.
· Fourth quarter revenue decreased 2% in constant currency and 3% as reported.
· Total revenue for the year was$4.643 billion, down 2% from 2012.
· The cash flow from operations was $1.408 billion, compared to $1.505 billion.
The analysis on CA Technologies notes the following:
· The per share revenue has slowed in the past 12 months.
· The price is close to a 5-year high of $27.73.
· The P/S ratio is close to a 3-year high of 2.89.
· The operating margin has been expanding.
There are currently 16 gurus that hold stake in CA Technologies. To see the full list of these gurus and the shares they hold, click here.
With its shares down 0.92%, CA Technologies trades at $26.97.
4. DOW Chemical Co. (DOW)
On May 9, DOW Chemical declared a dividend of $0.32 per share. This moves the company’s dividend yield to 3.7%.
This dividend is payable on July 30 to shareholders of the record at the close of business June 28, 2013.
The company’s dividend growth rate is as follows:
· 10-year: -6.1%
· 5-year: -2.5%
· 3-year: 19.2%
This is the 407th consecutive cash dividend issued by the company. DOW has paid its share holders cash dividends every quarter since 1912.
DOW Chemical manufactures and sells chemicals, plastic materials, agricultural products and services, advanced materials and other specialized products and services. It offers products and services in over 160 countries.
DOW’s market cap is currently at $42.24 billion.
On May 7, DOW Chemical received $2.2 billion in cash proceeds as the result of the K-Dow arbitration with Petrochemical Industries Company of Kuwait.
The GuruFocus analysis warns that the per share revenue has been in decline for the past 5 years. It also notes that the operating margin has been expanding recently and that the price is close to a 1-year high of $34.58.
The company recently released its first quarter results which highlighted:
· Earnings of $0.46 per share, or adjusted earnings of $0.69 per share, up 31% from the first quarter fiscal 2012.
· Sales were down 2% from last year to $14.4 billion.
· Cash flow from operations increased by nearly $500 million versus the year-ago period.
There are currently 8 gurus that hold stake in DOW. To see these gurus and the stake they hold, click here.
To view a complete list of the high yielding dividend stocks found among the Gurus’ portfolios, click here.
