US Dividends Aristocrats thread

[Mr. Wood]

Johnson & Johnson to Acquire Momenta Pharmaceuticals, Inc., Expanding Janssen's Leadership in Novel Treatments for Autoimmune Diseases
Aug 19, 2020

$6.5 Billion Acquisition Through an All-Cash Tender Offer of $52.50 Per Momenta Share

This acquisition provides an opportunity for the Janssen Pharmaceutical Companies of Johnson & Johnson to broaden its leadership in immune-mediated diseases and drive further growth through expansion into autoantibody-driven disease. The transaction will include full global rights to nipocalimab (M281), a clinically validated, potentially best-in-class anti-FcRn antibody.

who cud hav seen momenta being acquired?

 

[Mr. Wood]

Target Corporation Reports Second Quarter Earnings
Aug. 19, 2020

Target Corporation (NYSE: TGT) today announced its second quarter 2020 results, which reflect the continuation of heightened sales volume and significant investments in response to the COVID-19 pandemic. The Company reported GAAP earnings per share (EPS) from continuing operations of $3.35 in the second quarter, an increase of 84.4 percent from $1.82 in 2019. Second quarter Adjusted EPS of $3.38 grew 85.7 percent compared with $1.82 in 2019.

Shareholder Returns

The Company paid dividends of $330 million, compared with $328 million in second quarter 2019, reflecting a 3.1 percent increase in the dividend per share, partially offset by a decline in average share count.

On March 25, 2020, the Company announced that it had suspended share repurchase activity as a result of the high level of uncertainty in the current environment. As of the end of the second quarter, the Company had approximately $4.5 billion of remaining capacity under the repurchase program approved by Target's Board of Directors in September 2019.

For the trailing twelve months through second quarter 2020, after-tax return on invested capital (ROIC) was 17.2 percent, compared with 15.2 percent for the twelve months through second quarter 2019. The increase to ROIC was driven primarily by increased profitability combined with a small decrease in capital base.

 

[Mr. Wood]

NVIDIA Announces Financial Results for Second Quarter Fiscal 2021
August 19, 2020

Record revenue of $3.87 billion, up 50 percent from a year earlier
Record Data Center revenue of $1.75 billion, up 167 percent from a year earlier
Mellanox growth accelerated in its first quarter as part of NVIDIA, contributed 14 percent of revenue

 

[Mr. Wood]

Occidental Announces Sale of Wyoming, Colorado, and Utah Land Grant Assets to Orion Mine Finance for $1.33 Billion
August 19, 2020

The transaction, which is expected to close in the fourth quarter of 2020, has a footprint of approximately 4.5 million mineral acres and 1 million fee surface acres. Occidental will retain all cash flow from currently producing oil and gas properties on the position, which are primarily cost-free royalties. Not included in the sale is approximately 2.5 million mineral acres derived from the land grant in Colorado, including Occidental’s core DJ Basin position.

any one followed fake gurus and bot occidental?
those fake gurus who claim to trained directly by "a member of buffett family"

 

[Perisher]

Occidental Announces Sale of Wyoming, Colorado, and Utah Land Grant Assets to Orion Mine Finance for $1.33 Billion
August 19, 2020



any one followed fake gurus and bot occidental?
those fake gurus who claim to trained directly by "a member of buffett family"

More to do with the oil price and the covid piling on the misery.

 

[Mr. Wood]

Ross Stores Reports Second Quarter Results
Aug. 20, 2020

For the six months ended August 1, 2020, the Company reported a per share loss of $(0.81) versus earnings per share of $2.29 for the same period last year. The net loss for the first half of 2020 was $284 million compared to net income of $834 million in the prior year. Sales for the first six months of 2020 declined 42% to $4.5 billion.

Barbara Rentler, Chief Executive Officer, commented, “Comparable stores sales during the quarter were impacted by a number of factors. During the initial re-openings, sales were ahead of our conservative plans as we benefitted from pent-up demand and aggressive markdowns to clear aged inventory. In the weeks thereafter, trends were negatively impacted from depleted store inventory levels while we were ramping up our buying and distribution capabilities.”

 

[Mr. Wood]

More to do with the oil price and the covid piling on the misery.

be4 covid there is a course seller telling ppl can follow WB and even buy below WB's EP

 

[Mr. Wood]

LOWE'S COMPANIES, INC. RAISES QUARTERLY CASH DIVIDEND BY 9% TO $0.60 PER SHARE
Aug. 21, 2020

Lowe's has declared a cash dividend every quarter since going public in 1961.

 

[Mr. Wood]

Hormel Foods Reports Third Quarter Results
Aug. 25, 2020

EXECUTIVE SUMMARY - THIRD QUARTER

Volume of 1.2 billion lbs., up 4%; organic volume up 3%
Record net sales of $2.4 billion, up 4%; organic net sales up 2%
Pretax earnings of $259 million, down 1%
Operating margin of 10.5%, compared to 11.2% last year
Effective tax rate of 21.6%, compared to 23.6% last year
Net earnings of $203 million, up 2%
Diluted earnings per share of $0.37, flat to last year
Cash flow from operations of $330 million, up 59%
Operating free cash flow of $242 million, up 72%

divergence. need to dig further.

"As we begin the fourth quarter, we are actively addressing two areas of our business," Snee said. "First, while we saw an improvement in the third quarter, our foodservice business was still behind last year, which is a trend we expect to continue into the fourth quarter. I'm proud of the work our foodservice teams are doing to find unique solutions to support our distributors and operators. It is also encouraging to see growth from other channels and businesses offset declines in the foodservice channel."

"Hormel Foods remains committed to supporting equality and education," Snee said. "Through the great work of our Inclusion and Diversity Guiding Coalition, in July we announced employee and corporate donations to three organizations: Minorities in Agriculture, Natural Resources and Related Sciences (MANRRS); the NAACP Legal Defense and Education Fund; and United Negro College Fund (UNCF). In addition, today we separately announced a college assurance program, Inspired Pathways, which will provide full tuition for any child of a Hormel Foods employee to attend community college. I'm very excited to see the difference these programs will make in our communities."

 

[Mr. Wood]

The J. M. Smucker Company Announces Fiscal 2021 First Quarter Results
Aug. 25, 2020

Net sales increased $192.9 million, or 11 percent, with growth across each of the Company's U.S. and International retail businesses, partially offset by a decline for its Away From Home business.
Net income per diluted share was $2.08. Adjusted earnings per share was $2.37, an increase of 50 percent.
Cash from operations was $409.0 million, an increase of 85 percent. Free cash flow was $332.4 million, compared to $148.5 million in the prior year.
The Company increased its full-year fiscal 2021 net sales, adjusted earnings per share, and free cash flow outlook.

"Our first quarter results exceeded our expectations, particularly for the coffee and consumer foods portfolios. Consumers continued to seek out trusted and iconic brands as we achieved strong growth across nearly all our categories. This exceptional performance highlights the strength of our portfolio, the potential of our consumer-centric growth strategy, and our commitment to operate with financial discipline."

"We expect continued momentum in the second quarter and are pleased to raise our full-year guidance. We remain confident in our ability to deliver on our fiscal year 2021 goals, advance our long-term strategy, and deliver increased shareholder value."

 

[Mr. Wood]

Atmos Energy Donates to American Red Cross in Support of Wildfire Relief Efforts
August 27, 2020

Atmos Energy on Wednesday announced a $7,000 donation to the American Red Cross of Colorado & Wyoming to provide immediate disaster relief.

 

[Mr. Wood]

Two factors that could move the Mccormick & Inc (NYQ:MKC) share price
24 August 2020

Specifically, it's a large-cap share with strong exposure to two of the most influential drivers of investment returns in the stock market: high quality and strong momentum.

One of the stand out quality metrics for Mccormick & Inc is its 5-year Return on Capital Employed, which is a solid 13.5%. Good, double-digit ROCEs are a pointer to companies that can grow very profitably.

Positive momentum trends show up in share prices and earnings growth. You can find the clues in stocks that are trading close to their 52 week high prices and outperforming the market. They’ll often be beating broker estimates and getting forecast upgrades and recommendation changes.

 

[Mr. Wood]

Walmart is teaming up with Microsoft on TikTok bid
Aug 27 2020

In a statement, the big-box retailer said TikTok’s integration of e-commerce and advertising “is a clear benefit to creators and users in those markets.” It did not say how it would use TikTok or whether it would be part of Walmart+.

“We believe a potential relationship with TikTok US in partnership with Microsoft could add this key functionality and provide Walmart with an important way for us to reach and serve omnichannel customers as well as grow our third-party marketplace and advertising businesses,” it said. “We are confident that a Walmart and Microsoft partnership would meet both the expectations of US TikTok users while satisfying the concerns of US government regulators.”

 

[Mr. Wood]

SJM Aug 2020

https://drive.google.com/file/d/1JWHraMq5uDIKG3NPSc4urpCFcEwEg_j8/view

 

[Mr. Wood]

NVDA Aug 2020

https://drive.google.com/file/d/1QbDBIRTwgBHtGY1F87Og3npxl7FduGMR/view

 

[Mr. Wood]

TCEHY Aug 2020
https://drive.google.com/file/d/1luXxcObAl8rhbPT3nPO_-6jVEJ-66gD0/view

On August 12th, 2020, Tencent reported its Q2 results for the period ending June 30th, 2020. For the quarter, EPS was $0.49, an increase of 32% from Q1 2019, while revenues grew by 26% to a quarterly record of $16.05 billion. The jump in sales was partially due to the company’s gaming and social network segments, which grew by 40.2% and 28.6%, respectively, due to the stay-at-home economy caused by COVID-19. Even Tencent’s fintech segment saw a 30% YoY increase, despite reduced consumer spending on outdoor activities. To highlight the company’s financial resilience, every single one of its five segments didn’t only see growth on a YoY basis, but on a QoQ basis as well, which is impressive under the current economic environment. Further, net income margins increased to a juicy 27.2%, while the company spent a record $874M in CAPEX, 72% higher than Q2-2019, to ensure its dominance in the Chinese tech sector.

 

[livingcharsiew]

CINCINNATI, July 27, 2020 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) today reported:

Second-quarter 2020 net income of $909 million, or $5.63 per share, compared with $428 million, or $2.59 per share, in the second quarter of 2019, after recognizing an $825 million second-quarter 2020 increase in the fair value of equity securities still held.
$69 million or 49% decrease in non-GAAP operating income* to $71 million, or 44 cents per share, compared with $140 million, or 85 cents per share, in the second quarter of last year.
$481 million increase in second-quarter 2020 net income, primarily due to the after-tax net effect of a $550 million increase in net investment gains partially offset by a $70 million decrease in after-tax property casualty underwriting income, including $79 million from catastrophe losses related to weather or civil unrest.
$57.56 book value per share at June 30, 2020, down $2.99 or 5.0% since year-end.
Negative 3.0% value creation ratio for the first six months of 2020, compared with positive 18.6% for the same period of 2019.

https://cincinnatifinancialcorporat...financial-reports-second-quarter-2020-results

CINCINNATI, Aug. 14, 2020 /PRNewswire/ -- Cincinnati Financial Corporation (Nasdaq: CINF) announced that, at today's regular meeting, the board of directors declared a 60-cents-per-share regular quarterly cash dividend. The dividend is payable October 15, 2020, to shareholders of record as of September 16, 2020.

Steven J. Johnston, chairman, president and chief executive officer, commented: "The payment of this dividend in October will complete our 60th consecutive year of increasing annual cash dividends. That's an achievement that can only be claimed by seven other public companies in the U.S. We continue to see positive trends reflecting the success of our business model and demonstrating our ability to execute our strategy. Combining that with the company's outstanding financial strength supports rewarding shareholders now, and in the future."

https://cincinnatifinancialcorporat...ial-corporation-declares-regular-quarterly-57

 

[moolala]

TCEHY Aug 2020
https://drive.google.com/file/d/1luXxcObAl8rhbPT3nPO_-6jVEJ-66gD0/view

Mr Wood, can if singaporean invest in sgx dividend stocks, is it subjected to any tax by ah gong?

 

[Mr. Wood]

Mr Wood, can if singaporean invest in sgx dividend stocks, is it subjected to any tax by ah gong?

the dividends u receive is non taxable.

 

[Mr. Wood]

Nestlé to acquire Aimmune Therapeutics
August 31, 2020

Food allergies are not only disruptive to everyday life, they can be life threatening. Up to 240 million people worldwide suffer with food allergies, peanut allergy being the most common. Palforzia offers a long sought-after solution for peanut-allergic patients other than avoidance.

"This transaction brings together Nestlé's nutritional science leadership with one of the most innovative companies in food allergy treatment," said Nestlé Health Science CEO Greg Behar. "Together we will be able to offer a wide range of solutions that can transform the lives of people suffering from food allergies around the world."

The USD34.50 per share acquisition price represents a 174% premium to Aimmune's closing share price on August 28, 2020 of USD12.60.

Nestlé plans to finance the transaction with cash on hand. Subject to the satisfaction or waiver of customary closing conditions, the transaction is expected to close in the fourth quarter of 2020.