These are the dividend hikes featured by The Dynamic Dividend today: Telus Corporation (TU, Financial), Houston Wire & Cable Company (HWCC, Financial), Cablevision Systems Corp. (CVC, Financial) and Houston Wire & Cable Company (HWCC).
Shares of TU are currently trading at $50.30, where the new dividend rate (and current exchange rate) produces a 4.52% dividend yield.
Telus is currently on pace to increase its annual dividend total for the ninth consecutive year.
The company reported first quarter earnings of $0.27 per share on $99.7 million in revenue this morning, crushing the consensus estimates for both profit ($0.17 per share) and sales ($91.6 million).
In a separate press release, the company also announced the departure of its President and CEO, Charles A. Sorrentino. He will step down from his President role effective immediately, and as CEO at the end of 2011.
It should be interesting to see how the market handles all the news. Houston posted similar beats last quarter and its shares have absolutely exploded, gaining a total of 42% (including 16% that day) since reporting the results on March 15. But the transition at the top of the company could mitigate similar gains this time around.
Shares of HWCC now feature a 2.16% dividend yield at yesterday’s $16.67 closing price.
The intermodal container company declared a quarterly dividend of $0.31 per share, a 6.9% increase over its previous payout and a 29% improvement over its dividend from the same period last year. The company has now raised its payout by a total of 35% in a span of five quarters.
As for its first quarter performance, the company posted adjusted earnings of $0.71 per share on $91.2 million in revenue, falling short of the consensus profit view ($0.72 per share) while beating the average sales estimate ($86.2 million).
Shares of TGH fell to $32.69 (-2.21%) in early trading, where they now feature a 3.79% dividend yield.
Textainer Group Holdings closed out 2010 ranked 30th on my list of The 100 Best Values Among Dividend-Paying Stocks. Shares are currently up 15% on the year.
Shares of CVC have fallen to $34.41 (-2.44%) in midday trading, where they now carry a 1.74% dividend yield.
Cablevision has now increased its quarterly dividend by a total of 50% since initiating its payout in 2008, with all of that growth coming over the last 12 months.
Telus Boosts Dividend Another 5%
Telus Corporation (TU) declared a quarterly dividend of C$0.55 per share today, a 4.8% improvement over the C$0.525 paid each of the previous two quarters by the Canadian telecommunications company.Shares of TU are currently trading at $50.30, where the new dividend rate (and current exchange rate) produces a 4.52% dividend yield.
Telus is currently on pace to increase its annual dividend total for the ninth consecutive year.
Houston Wire & Cable Ups Dividend Following Huge Q1
Houston Wire & Cable Company (HWCC) declared a quarterly dividend of $0.09 per share today, a 5.9% improvement over the $0.085 paid each of the previous 13 quarters by the distributor of specialty wire and cable. The company’s first dividend hike in three years comes on the strength of a second consecutive blowout quarter.The company reported first quarter earnings of $0.27 per share on $99.7 million in revenue this morning, crushing the consensus estimates for both profit ($0.17 per share) and sales ($91.6 million).
In a separate press release, the company also announced the departure of its President and CEO, Charles A. Sorrentino. He will step down from his President role effective immediately, and as CEO at the end of 2011.
It should be interesting to see how the market handles all the news. Houston posted similar beats last quarter and its shares have absolutely exploded, gaining a total of 42% (including 16% that day) since reporting the results on March 15. But the transition at the top of the company could mitigate similar gains this time around.
Shares of HWCC now feature a 2.16% dividend yield at yesterday’s $16.67 closing price.
TGH Posts Mixed Q1 Results, Ups Dividend Again
Textainer Group Holdings Limited (TGH, Financial) raised its dividend for the fifth consecutive quarter within today’s mixed first quarter earnings release.The intermodal container company declared a quarterly dividend of $0.31 per share, a 6.9% increase over its previous payout and a 29% improvement over its dividend from the same period last year. The company has now raised its payout by a total of 35% in a span of five quarters.
As for its first quarter performance, the company posted adjusted earnings of $0.71 per share on $91.2 million in revenue, falling short of the consensus profit view ($0.72 per share) while beating the average sales estimate ($86.2 million).
Shares of TGH fell to $32.69 (-2.21%) in early trading, where they now feature a 3.79% dividend yield.
Textainer Group Holdings closed out 2010 ranked 30th on my list of The 100 Best Values Among Dividend-Paying Stocks. Shares are currently up 15% on the year.
Cablevision Increases Dividend by Another 20%
Cablevision Systems Corp. (CVC) declared a quarterly dividend of $0.15 per share within today’s mixed first quarter earnings release, pushing its payout higher by 20%. This is the second consecutive year the media conglomerate has given shareholders a substantial raise, following last May’s 25% boost. Cablevision reported first quarter earnings of $0.36 per share on $1.92 billion in revenue, falling well short of the consensus profit estimate ($0.42 per share) while edging the average sales estimate ($1.91 billion).Shares of CVC have fallen to $34.41 (-2.44%) in midday trading, where they now carry a 1.74% dividend yield.
Cablevision has now increased its quarterly dividend by a total of 50% since initiating its payout in 2008, with all of that growth coming over the last 12 months.
