US Dividends Aristocrats thread

[Mr. Wood]

GD May 2020

 

[Mr. Wood]

PII May 2020

 

[Mr. Wood]

free stock valuation calculator for those interested.
gurufocus -> stock ticker -> DCF

eg
https://www.gurufocus.com/stock/AAPL/dcf

frm here, it tells u the intrinsic value of AAPL base on book value, FCF etc
there is oso a calculator to key in your desired growth rate and discount rate. and star rating to see how good AAPL earnings are.

there are certain limitations cos its free. but it should be good enuff for most pple I tink.



why need to pay fake gurus to give u the same stuff when there are free available.

 

[binary_0011]

i am very new in this, i am going to ask some noob questions. Let me think and compile them.

 

[Mr. Wood]

Otis Declares Quarterly Dividend of $0.20 per Share
May 6, 2020

“The dividend announced today reflects our confidence in Otis’ balance sheet strength, continued strong free cash flow generation and a commitment to drive value for our shareholders,” said Judy Marks, President and CEO.

 

[Mr. Wood]

EARNINGS RELEASE FOR THE QUARTER ENDED MARCH 31, 2020
May 6, 2020

FOX REPORTS THIRD QUARTER FISCAL 2020 REVENUES OF $3.44 BILLION, AN INCREASE OF 25%

NET INCOME OF $90 MILLION, EARNINGS PER SHARE OF $0.13

ADJUSTED EBITDA OF $920 MILLION

AND ADJUSTED EARNINGS PER SHARE OF $0.93

Due to the selfless dedication of many of our colleagues, the strength of FOX has been on display throughout the crisis as we continue to provide news, information, entertainment and assistance to communities around the country. As we eventually emerge, we are confident that FOX’s focused collection of assets – centered on live and event programming – will be even more in-demand by advertisers and audiences alike, positioning us well for the future and enabling us to maximize long-term shareholder value.”

 

[Mr. Wood]

BD Announces Results For 2020 Second Fiscal Quarter; Withdraws Fiscal Year 2020 Guidance Due To COVID-19 Pandemic
May 7, 2020

As reported, revenues of $4.253 billion increased 1.4 percent

- On a currency-neutral basis, revenues increased 2.4 percent

- As reported, diluted earnings per share of $0.53 increased 857.1 percent, primarily due to charges recorded in the prior year

- As adjusted, diluted earnings per share of $2.55 decreased 1.5 percent or 1.9 percent on a currency-neutral basis

- The company is withdrawing its previously issued fiscal year 2020 revenue and earnings per share guidance due to the COVID-19 pandemic

While our second quarter results were slightly ahead of our prior expectations, we are seeing the negative impact of coronavirus on certain parts of our business. We are confident that our diversified portfolio and the proactive actions we are taking will help us navigate these current challenges while positioning BD well as we continue to advance our long-term growth strategy.

 

[Mr. Wood]

updated 8 May 2020
excel sheet of div kings
https://drive.google.com/open?id=1HIEmEsDXrJoHjiGlNfqnq02CoWYVVFFJ

monthly div stocks
https://drive.google.com/open?id=1CKcEvgmBTPdocNT0rwlrqr2VCm6UxaZr

Russell 2000
https://drive.google.com/open?id=1IPiU9hrIicJlVgB8Y57nPaxsxW05xz15

 

[Mr. Wood]

CON EDISON REPORTS 2020 FIRST QUARTER EARNINGS
May 7, 2020

2020 first quarter net income for common stock of $375 million or $1.13 a share compared with $424 million or $1.31 a share in the 2019 first quarter. Adjusted earnings were $451 million or $1.35 a share in the 2020 period compared with $448 million or $1.39 a share in the 2019 period.

For the year of 2020, the company expects its adjusted earnings per share to be in the range of $4.15 to $4.35 per share. The company's previous forecast was in the range of $4.30 to $4.50 per share. The company’s revised adjusted earnings per share range for the year 2020 reflects predominantly the impact of warmer than normal winter weather on steam revenues, and also the potential financial impact from the Coronavirus Disease 2019 (COVID-19) pandemic. The company’s forecast assumes the restart of some "paused" commercial activities by early June, with a phased process that continues through the third quarter.

Adjusted earnings per share exclude the effects of HLBV accounting for tax equity investments in certain of the Clean Energy Businesses' renewable electric production projects (approximately $(0.19) a share).

 

[Mr. Wood]

Legendary investor Peter Lynch, author of several investing books including "Beating the Street" and "One Up on Wall Street," developed a simple, yet interesting chart containing a price line and an earnings line. The price line simply graphs the company’s historical share price while the earnings line graphs the company’s fair value assuming a price-earnings ratio of 15.

Each screen seeks companies that are undervalued based on Lynch’s definition. For example, the price-earnings screen considers the company’s earnings per share while the price-sales screen considers the company’s revenue per share.

updated 10-may2020
https://drive.google.com/open?id=1lH6ttATCOHzLvK1tFM0mn7nbqmQFJfOn

 

[Mr. Wood]

Gotham Capital manager Joel Greenblatt defined a "magic formula" in his book, "The Little Book that Beats the Market." The magic formula hinges on two financial ratios: the earnings yield, which is defined as earnings before interest and taxes (EBIT) divided by enterprise value, and the return on capital, which is defined as EBIT divided by the sum of net fixed assets and net working capital. To select the top-ranked stocks, the magic formula ranks all stocks based on a combination of earnings yield and return on capital: Stocks with the highest earnings yield and return on capital receive a higher rank.

updated 10-may-2020
https://drive.google.com/open?id=10xHnRC8Ak0j0A-D2mWZNHzbLQ32Heswp

 

[Mr. Wood]

In The Intelligent Investor, Benjamin Graham discussed the methods he used in his investment firm Graham_Newman. One is them is what he called Net-Current-Asset (Or “Bargain”) issues. He wrote:

The idea here was to acquire as many issues as possible at a cost for each of less than their book value in terms of net-current-assets alone – i.e., giving no value to the plant account and other assets. Our purchases were made typically at two-thirds or less of such stripped-down asset value. In most years we carried a wide diversification here – at least 100 different issues.

Graham’s “net current asset value” approach, apparently works very well. One research study, covering the years 1970 through 1983 showed that portfolios picked at the beginning of each year, and held for one year, returned 29.4 percent, on average, over the 13-year period, compared to 11.5 percent for the S&P 500 Index. Other studies of Graham’s strategy produced similar results.

Ben Graham loved these types of situations, defining the Net Current Asset Value (NCAV) or Liquation value as:

Net Current Asset Value (NCAV) = Current Assets - total liabilities

and Net Cash as
Net Cash = Cash and short-term investments - total liabilities

Ben Graham loved these types of situations, defining the net-net working capital (NNWC) value as:

Net-Net Working Capital (NNWC) = Cash and short-term investments + (0.75 * accounts receivable) + (0.5 * inventory) - total liabilities

Graham looked for companies whose market values were less than two-thirds of that net-net value.

With this in mind, GuruFocus has created a Graham Net-Net Working Capital screener to filter out the companies that meets the net-net value criteria. The rules are:

The stock prices are less than the net current asset value of the companies – Benjamin Graham. The companies with Price/NNWC between 100% to 300% are also displayed for you to get more investment ideas.
During the past 12 months, the companies generated positive operating cashflow. The ones with negative operating cashflow is also displayed.
The company has no meaningful debt compared to its cash position.
According to Benjamin Graham, some of these companies may well go under as economic conditions worsen, it is important to hold a diversified group of them.

updated 10-may2020
https://drive.google.com/open?id=1ROmRe4gbrmVU4Va_Dmz0UloliVVa6NEg

 

[Mr. Wood]

"Buffett-Munger Screener" can be used to find companies with high quality business at undervalued or fair-valued prices:
Companies that have high Predictability Rank, that is, companies that can consistently grow its revenue and earnings.
Companies that have competitive advantages. It can maintain or even expand its profit margin while growing its business
Companies that incur little debt while growing business
Companies that are fair valued or under-valued. We use PEPG as indicator. PEPG is the P/E ratio divided by the average growth rate of EBITDA over the past 5 years.

updated 10 may2020
https://drive.google.com/open?id=13Rtxava8PSyaXnMEXWBul6Ou1D4hefK6

 

[Mr. Wood]

https://finviz.com/quote.ashx?t=BRK-A
BRK.A P/B coming close to 1 again
boat coming back

 

[Mr. Wood]

Macerich Announces Quarterly Results
May 12, 2020

Mall tenant annual sales per square foot for the portfolio increased by 7.4% to $801 for the twelve months ended February 29, 2020, compared to $746 for the twelve months ended March 31, 2019. Given the widespread closures of a majority of the Company's tenants during March 2020 as a result of COVID-19, tenant sales reporting is reflected as of February 29, 2020.

Mall portfolio occupancy was 93.1% at March 31, 2020, compared to 94.0% at December 31, 2019 and 94.7% at March 31, 2019.

Re-leasing spreads for the twelve months ended March 31, 2020 were up 6.5%. This represented a sequential improvement compared to re-leasing spreads for the twelve months ended December 31, 2019, which were up 4.7%.

Leasing volumes remained strong during the first quarter, with nearly 200 leases signed for 739,000 square feet totaling $38 million of rent.

Average rent per square foot increased 2.8% to $62.44 at March 31, 2020, compared to $60.74 at March 31, 2019.

Liquidity Measures:

During this period of disrupted rent collections due to COVID-19, the Company has taken numerous measures to preserve its liquidity, including among others:

As previously reported, the Company has drawn the majority of the remaining capacity on its $1.5 billion revolving line of credit. As of March 31, 2020, the Company had $735 million of cash on its balance sheet, including joint ventures at the Company's share.

The Company's Board of Directors recently approved a reduction in the quarterly dividend to $.50 per share, payable 20% in cash and 80% in common stock for the upcoming dividend. The dividend reduction preserves approximately $150 million of cash annually. For each quarter that the board chooses to pay the dividend in stock, an additional $60 million in cash will be preserved. The Company's next dividend payment is on June 3, 2020 to shareholders of record at market close on April 22, 2020.

The Company's redevelopment pipeline has been significantly reduced for the remainder of 2020. The Company anticipates spending $60 million in the last three quarters of 2020 on redevelopment, which represents a 60% reduction in previously estimated 2020 redevelopment expenditures for that period of time. This reduction excludes the joint venture owned project at One Westside, Google's new Class A creative office campus in West Los Angeles. Work continues on that project during the pandemic, which is fully funded by a non-recourse construction facility.

The Company has reduced its controllable shopping center expenses by approximately 45% during the period that its properties are substantially closed, except for essential retail and services.

moi thot is best time to do redevelopment works as can get cheap quotes now.

 

[Mr. Wood]

Ingersoll Rand Reports First-Quarter 2020 Results
12 May 2020

Reported revenues of $800 million, up 29%, due primarily to the Transaction

Reported net loss of $37 million, or a loss of $0.13 per share

Supplemental Adjusted EBITDA of $208 million with a margin of 16.4%

Reported operating cash flow of $68 million and free cash flow of $60 million,


Ample liquidity of $1.6 billion, including $556 million of cash on hand and undrawn capacity of $1.0 billion under available credit facilities

Accelerated integration-related synergy actions to deliver approximately $80 to $90 million of in-year savings

“The unwavering commitment of Ingersoll Rand employees to our top priorities is making us a stronger company. We remain focused on keeping our employees, communities and customers safe while executing on our strategies around talent, sustainability, growth, margins and capital allocation.”

 

[Mr. Wood]

Cardinal Health Reports Third Quarter Results for Fiscal Year 2020
May 11, 2020

- Revenue increased 11% to $39.2 billion
- GAAP operating earnings increased 30% to $562 million, non-GAAP operating earnings increased 8% to $719 million
- Company reaffirms FY20 guidance

"We remain committed to delivering products and solutions to front-line health care providers so they can safely serve and treat patients around the world. As we look toward and beyond the fourth quarter, we will continue to take strategic actions to fulfill this mission."

The company reaffirms its fiscal year 2020 guidance range for non-GAAP diluted earnings per share attributable to Cardinal Health, Inc. of $5.20 to $5.40.

 

[Mr. Wood]

https://www.suredividend.com/blue-chip-stocks/
May 12th, 2020

https://drive.google.com/open?id=1gJtCysOBfd17pLoPlEZof_4cH7kfV40I

The 10 Best Blue Chip Stocks Today
#10: Ameriprise Financial (AMP)
#9: Leggett & Platt (LEG)
#8: Bank of Montreal (BMO)
#7: Prudential Financial (PRU)
#6: Canadian Natural Resources (CNQ)
#5: Bank of Nova Scotia (BNS)
#4: Foot Locker (FL)
#3: Truist Financial (TFC)
#2: Telus Corp. (TU)
#1: Unum Group (UNM)


The 10 Blue Chip Stocks With The Highest Dividend Yields
#10: PPL Corporation (PPL)
#9: Bank of Nova Scotia (BNS)
#8: Universal Corporation (UVV)
#7: Enbridge Inc. (ENB)
#6: AT&T Inc. (T)
#5: Canadian Imperial Bank of Commerce (CM)
#4: Canadian Natural Resources (CNQ)
#3: Prudential Financial (PRU)
#2: Unum Group (UNM)
#1: Altria Group (MO)

Stocks with long histories of increasing dividends are often the best stocks to buy for long-term dividend growth and high total returns. But just because a company has maintained a long track record of dividend increases, does not necessarily mean it will continue to do so in the future. Investors need to individually assess a company’s fundamentals, particularly in times of economic distress.

 

[binary_0011]

made some profit from INO stock, thanks to the bro who mentioned this stock, can't remember the name thought.

 

[Mr. Wood]

Walt Disney Co. Raises $11B In Debt To Bolster Financial Position Amidst COVID-19
May 12, 2020

Moody’s Investor Service said in a note today the cash will likely be used to pay down outstanding debt as it matures. It said Disney’s current debt maturities at the end of the March quarter were about $12.7 billion over the next twelve months.

The company has a total of $17.25 billion of revolving loan capacity which is still undrawn except to backstop its outstanding commercial paper. In other words, using the funds it will be raising now to do that instead leaves the revolver untouched.

Disney also has a sizable cash balance of about $14.3 billion at the end of the fiscal second quarter in March.

Disney’s ‘Frozen’ Becomes Broadway’s First Long-Running Coronavirus Casualty: Producers Announce Permanent Closing/
May 14, 2020

not sure I am comfortable with its increasing debt. hav to relook its numbers again.