US Dividends Aristocrats thread

[Mr. Wood]

https://drive.google.com/file/d/1XPV8amPYxUUnIoA04ccqYYwnpQJ4tY36/view
August 2020 newsletter

 

[Mr. Wood]

post dis first since many may be interested it drop a bit last week
INTC Aug 2020

 

[Mr. Wood]

 

[Mr. Wood]

UNM Aug 2020

 

[Mr. Wood]

BMY Aug 2020

 

[Mr. Wood]

HII Aug 2020

 

[Mr. Wood]

WBA Aug 2020

 

[Mr. Wood]

PB Aug 2020

 

[Mr. Wood]

AT&T Aug 2020

 

[Mr. Wood]

JW.A Aug 2020

 

[Mr. Wood]

From International Oil Company to Integrated Energy Company: bp sets out strategy for decade of delivery towards net zero ambition
4 August 2020

Within 10 years, bp aims to have increased its annual low carbon investment 10-fold to around $5 billion a year, building out an integrated portfolio of low carbon technologies, including renewables, bioenergy and early positions in hydrogen and CCUS. By 2030, bp aims to have developed around 50GW of net renewable generating capacity – a 20-fold increase from 2019 – and to have doubled its consumer interactions to 20 million a day.



Over the same period, bp’s oil and gas production is expected to reduce by at least one million barrels of oil equivalent a day, or 40%, from 2019 levels. Its remaining hydrocarbon portfolio is expected to be more cost and carbon resilient.

anyone can spot investment opportunities and potential take over targets?

 

[Mr. Wood]

Tyson Foods Reports Third Quarter 2020 Results
AUG 3, 2020

Third Quarter Highlights
GAAP EPS of $1.44, down 22% from prior year; Adjusted EPS of $1.40, down 5% from prior year
GAAP operating income of $775 million and Adjusted operating income of $760 million
Total Company GAAP operating margin of 7.7% and adjusted operating margin of 7.6%
Liquidity of $3.1 billion at June 27, 2020
Results negatively impacted by approximately $340 million of direct incremental expenses related to COVID-19

 

[Mr. Wood]

AbbVie Reports Second-Quarter 2020 Financial Results
July 31, 2020

Full-Year 2020 Outlook

AbbVie previously issued standalone GAAP diluted EPS guidance for the full-year 2020 of $7.60 to $7.70. AbbVie is issuing combined company GAAP diluted EPS guidance for the full-year 2020, which includes the results of Allergan from May 8, 2020 through December 31, 2020, of $4.12 to $4.22.

AbbVie previously issued standalone adjusted diluted EPS for the full-year 2020 of $9.61 to $9.71. AbbVie is issuing combined company adjusted diluted EPS guidance for the full-year 2020, which includes the results of Allergan from May 8, 2020 through December 31, 2020, of $10.35 to $10.45, representing annualized net accretion from the Allergan transaction of 11 percent. The combined company's 2020 adjusted diluted EPS guidance excludes $6.23 per share of intangible asset amortization expense, non-cash charges for contingent consideration adjustments and other specified items.

Combined company guidance supersedes previously issued standalone guidance.

 

[Mr. Wood]

Realty Income Announces Operating Results For Second Quarter And First Six Months Of 2020
Aug 03, 2020

For the quarter ended June 30, 2020:

Net income per share was $0.31
AFFO per share increased 4.9% to $0.86, compared to the quarter ended June 30, 2019
Collected 86.5% of contractual rent across our total portfolio
Invested $154.2 million in 32 properties and properties under development or expansion, including $58.2 million in two properties in the U.K.
Raised $593.9 million through the issuance of 3.250% senior unsecured notes due in 2031
Raised $98.1 million from the sale of common stock, primarily through our At -The-Market (ATM) program

CEO Comments

"First and foremost, I appreciate my colleagues' seamless transition to a remote work environment, recognize our team's outstanding dedication and contributions that continue to drive our business, and empathize with individuals and businesses impacted by the COVID-19 pandemic," said Sumit Roy, Realty Income's President and Chief Executive Officer. "While economic and public health considerations remain due to the COVID-19 pandemic, our operating results for the second quarter continue to demonstrate the stability and resiliency of our business. Our diversified and high-quality real estate portfolio, which is primarily leased to tenants providing non-discretionary and/or low price point goods or services, was 98.5% occupied at quarter-end, and we achieved a 101% rent recapture rate on re-leasing activity during the quarter. Additionally, our financial position remains strong, as we ended the quarter with a net debt to EBITDAre ratio of 5.1x and a fixed charge coverage ratio of 5.4x. As of July 31st, we had total liquidity of $2.9 billion, including approximately $400 million of cash on hand and $2.5 billion remaining borrowing capacity available on our $3.0 billion revolving credit facility (excluding the $1.0 billion accordion feature, which is subject to obtaining lender commitments), which we believe provides us significant financial flexibility."

"Through July 31st, we have collected 86.5% of contractual rent for the second quarter and 91.5% of contractual rent for the month of July, which represented the second consecutive month of improving rent collection trends and the highest monthly rent collection reported since April 2020. We are pleased with these positive trends, and we continue to manage the business with a focus on generating long-term value for our stakeholders. Given the increased visibility to our business, we are providing 2020 acquisition guidance of $1.25 billion to $1.75 billion."

not all businesses suffer during crisis.

 

[Mr. Wood]

Otter Tail Corporation Announces Second Quarter Earnings
8/3/2020

Consolidated net income and diluted earnings per share were $17.0 million and $0.42 per share, respectively, compared with $15.4 million and $0.39 per share for the second quarter of 2019.
Consolidated operating revenues decreased 15.9% to $192.8 million compared with $229.2 million for the second quarter of 2019, mostly due to a $27.5 million decrease in Manufacturing segment revenue.
The corporation is increasing its 2020 earnings per share guidance range to $2.10-$2.30 from $2.00‑$2.25 announced May 5, 2020.
The corporation maintains its long-term earnings per share growth rate target of 5% to 7% off a 2019 base.

 

[Mr. Wood]

Northrop Grumman Corporation (NOC) | A Dividend Achiever on Sale
August 3rd, 2020

Between 2009 and 2019, the company has managed to grow its adjusted earnings from $5.50/share to $21.21/share. The company is expected to generate $22.15/share in 2020.

Long-term growth will be closely tied to defense spending by its largest customer – the US government. The US government accounts for 82% of revenues. While there will be short-term hiccups along the way, I believe that defense spending should only increase in the long-term.

Between 2009 and 2019, the dividend payout ratio has decreased from 31% to 24%. The company has largely managed its dividend payout ratio in a tight range between 22% and 34% of adjusted earnings.

 

[Mr. Wood]

STORE Capital Announces Second Quarter 2020 Operating Results
8/5/2020

Portfolio

At June 30, 2020, STORE Capital’s real estate portfolio totaled $9.2 billion representing 2,554 property locations. Approximately 93% of the portfolio represents commercial real estate properties subject to long-term leases, 7% represents mortgage loans and financing receivables on commercial real estate properties and a nominal amount represents loans receivable secured by the tenants’ other assets. The weighted average non-cancelable remaining term of the leases at June 30, 2020 was approximately 14 years with leases representing less than 3% of our portfolio scheduled to expire in the next five years.

 

[Mr. Wood]

Wynn Resorts, Limited Reports Second Quarter 2020 Results
Aug. 4, 2020

Operating revenues were $85.7 million for the second quarter of 2020, a decrease of 94.8%, or $1.57 billion, from $1.66 billion for the second quarter of 2019. Net loss attributable to Wynn Resorts, Limited was $637.6 million, or $5.97 per diluted share, for the second quarter of 2020, compared to net income attributable to Wynn Resorts, Limited of $94.6 million, or $0.88 per diluted share, in the second quarter of 2019. Net loss attributable to Wynn Resorts, Limited for the second quarter of 2020 excludes the impact of $75.7 million of expense related to our commitment to pay salary, tips and benefits continuation for all of our U.S. employees for the period from April 1 through May 15, 2020, which we accrued during the first quarter of 2020. Adjusted Property EBITDA was $(322.9) million for the second quarter of 2020, compared to Adjusted Property EBITDA of $480.6 million in the second quarter of 2019.

 

[Mr. Wood]

Essential Declares 7% Dividend Increase
August 4, 2020

The Sept. 2020 dividend will represent a 7% increase compared to the $0.2343 cash dividend the company paid in June of this year. This marks the 30th dividend increase in the past 29 years, and the company has paid a consecutive quarterly cash dividend for more than 75 years. Following the increase, the annualized dividend rate will be $1.0028 per share. The board’s stated targeted dividend payout ratio continues to be up to 65% of earnings from operations.

 

[Mr. Wood]

DOVER INCREASES DIVIDEND
Aug. 6, 2020

This is the 65th consecutive year in which the Company has increased its annual cash dividend, demonstrating Dover's longstanding commitment to returning capital to shareholders.

This increased dividend will be paid on September 15, 2020, to shareholders of record as of August 31, 2020.