US Dividends Aristocrats thread

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Activision Blizzard And Google Enter Into Multi-Year Strategic Relationship To Power New Player Experiences
Jan. 24, 2020

Activision Blizzard and Google announced today a multi-year strategic relationship to power new player experiences. Google Cloud will serve as the preferred provider for Activision Blizzard's game hosting infrastructure and YouTube as its exclusive streaming partner worldwide, excluding China, for live broadcasts of its popular esports leagues and events — including Overwatch League, Call of Duty League, Hearthstone Esports, and more.

big become bigger :s12:
 

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3M Reports Fourth-Quarter and Full-Year 2019 Results; Implements New Global Operating Model and Streamlined Structure; Provides Full-Year 2020 Guidance
January 28, 2020

Full-Year Highlights:

Sales of $32.1 billion, down 1.9 percent year-on-year
Organic local-currency sales declined 1.5 percent
GAAP EPS of $7.81 includes:
  • Significant litigation-related charges of $1.01 per share
  • Venezuela deconsolidation non-cash charge of $0.28 per share
  • Divestiture gain of $0.21 per share
Adjusted EPS of $9.10 excludes significant litigation-related charges and Venezuela deconsolidation non-cash charge
Operating cash flow of $7.1 billion; free cash flow of $5.4 billion (all-time record), up 10 percent year-on-year, with free cash flow conversion of 118 percent
Returned $4.7 billion to shareholders via dividends and gross share repurchases

We also continue to build for the future, including the launch of our new global operating model which represents the next phase of our transformation journey. As a result of our actions, we are well positioned to improve our performance, return to growth and deliver a successful 2020.
 

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PFIZER REPORTS FOURTH-QUARTER AND FULL-YEAR 2019 RESULTS
January 28, 2020

“2019 was a busy year, highlighted by solid financial performance, shareholder-friendly capital allocation, the strengthening of our pipeline as well as
the formation of the Consumer Healthcare JV with GSK. We also announced a definitive agreement to combine Upjohn and Mylan to create a new global pharmaceutical company, Viatris, marking an important milestone in Pfizer’s evolution toward becoming a more focused, global leader in innovative medicines.

“2020 is expected to be an exciting year for Pfizer with the close of the Upjohn-Mylan transaction anticipated by mid-year, leaving New Pfizer positioned to deliver revenue and Adjusted diluted EPS(3) growth that is expected to be among the industry leaders. New Pfizer will be a smaller, science-based company with a singular focus on innovation while also continuing to allocate significant capital directly to shareholders, primarily through dividends.
 

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A. O. Smith reports 2019 earnings of $2.22 per share
Jan. 28, 2020

Sales in 2019 declined six percent from $3.2 billion in 2018 driven by a 23 percent decline in China sales.
Net earnings in 2019 of $370.0 million, or $2.22 per share, were lower than 2018 net earnings of $444.2 million, or $2.58 per share.
2019 proved to be a year of bright spots and challenges for A. O. Smith. I'm pleased to report that our North America water heater operations continued to perform well, despite a one percent decline in residential industry volumes. As expected, sales in China decreased from previous years as elevated channel inventory levels compounded the effects of weaker consumer demand for our products," said Kevin Wheeler, president and chief executive officer. "We're confident that we're on the right track with our North America Water Treatment portfolio, and we're pleased with the performance of our most recent acquisition – Water-Right, as it is squarely on track and meeting expectations. "
 

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McDonald's Reports Fourth Quarter And Full Year 2019 Results And Quarterly Cash Dividend
January 29, 2020

2019 marked a year of significant milestones for McDonald's - including surpassing $100 billion in Systemwide sales and achieving our highest global comparable sales growth in over a decade," said McDonald's President and Chief Executive Officer Chris Kempczinski. "Through the execution of our Velocity Growth Plan, we once again served more customers the food they crave, marking three consecutive years of global comparable guest count growth.

The Company returned $2.3 billion to shareholders through share repurchases and dividends in the fourth quarter and $8.6 billion for the full year, marking successful achievement of the Company's targeted return of $25 billion for the three-year period ended 2019.

On January 23, 2020, McDonald's Board of Directors declared a quarterly cash dividend of $1.25 per share of common stock payable on March 16, 2020 to shareholders of record at the close of business on March 2, 2020.
 

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Stanley Black & Decker Reports Full Year And 4Q 2019 Results
Jan. 29, 2020

Full Year Revenues Totaled $14.4 Billion, Up 3% Versus Prior Year, With 3% Organic Growth

Full Year Operating Margin Rate Was 12.2%; Excluding Charges, Full Year Operating Margin Rate Was 13.5%, Relatively Consistent Versus Prior Year Despite $445 Million In External Headwinds

Full Year Diluted GAAP EPS Was $6.35; Excluding Charges, Full Year Diluted EPS Was $8.40, Up 3% Versus Prior Year

Full Year Free Cash Flow Was $1.1 Billion, 113% Of Net Income

4Q'19 Revenues Totaled $3.7 Billion, Up 2% Versus Prior Year

4Q'19 Operating Margin Rate Was 11.8%; Excluding Charges 4Q'19 Operating Margin Rate Was 13.6%, Up 30 Basis Points Versus Prior Year

4Q'19 Diluted GAAP EPS Was $1.32; Excluding Charges, 4Q'19 Diluted EPS Was $2.18

Expect 2020 Full Year Diluted GAAP EPS Of $8.05 To $8.35; Adjusted EPS Of $8.80 - $9.00; 2020 Free Cash Flow Conversion To Approximate 90%-100%
 

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Dividend Aristocrats In Focus Part 58: Expeditors International of Washington
January 28th, 2020

Expeditors has been a strong player in the logistics industry for many years. The company has a diverse network of global ports and airports it services, as well as offering customized, valuable services to its global network of customers. Growth will likely continue to be volatile and vulnerable to interruptions, particularly during recessions, but we see Expeditors as attractive for the long-term.

The valuation today is fair, but not cheap, and the yield is quite low at just 1.4%. However, dividend growth should continue for many years to come given the payout ratio is around 30%, and upside to earnings should drive a higher share price over time.

Expeditors is appropriate for dividend growth investors, but not those seeking a high current yield, or earnings safety and consistency. Overall, the stock is somewhat attractive today given its valuation against historical norms, as well as earnings growth projections.
 
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