In the past couple of weeks as companies report their first quarter results, four energy companies have announced dividends and all of their stocks have dividend yields of more than 3%. The following companies are all benefiting from a good quarter in the energy sector. These companies are all currently sitting at or near their 10-year high in prices.
1. Duke Energy Corp. (DUK)
On May 2, Duke Energy declared a dividend of $0.765 per share. This sets the company’s dividend yield at 4.1%.
This dividend is payable on May 23 to shareholders of the record at the close of business May 13, 2013.
The company’s dividend growth rate is as follows:
· 10-year: -2%
· 5-year: 2.9%
· 3-year: 1.8%
This is the 87th consecutive year that Duke Energy has paid a quarterly cash dividend on its common stock. The company’s dividend has increased every year since 2007.
Duke Energy is the largest electric power holding company in the U.S. with more than $110 billion in assets. Its utility operations serve approximately 7.2 million electric customers in six states in the Southeast and Midwest.
The company also reported its first quarter earnings which reported:
· First quarter 2013 adjusted diluted EPS were $1.02, compared to $1.13 for the first quarter of 2012.
· The company affirmed its 2013 adjusted earnings guidance range of $4.20 to $4.45 per share.
So far this year, Duke Energy has produced a total shareholder return of about 19%, and its stock prices have hovered around all-time highs for the past several weeks.
There are 11 gurus that hold a stake in Duke Energy.
With its shares down 0.81%, Duke Energy trades at $73.1.
2. DTE Energy Holding Company (DTE)
On May 1, DTE Energy declared a dividend of $0.655 per share. This sets the company’s dividend yield at 3.4%.
This dividend is payable on July 15 to shareholders of record at the close of business June 17, 2013. This most recent dividend is a $0.035 per share, or 5.6% increase, from the previous quarterly dividend of $0.62.
The company has reported consistent and stable growth in dividend yield since 1977.
“The decision to increase our dividend reflects DTE Energy’s confidence in our growth strategy and in our continued commitment to increase shareholder value,” said Gerard Anderson, DTE Energy’s chairman, president and CEO. “We understand that dividends, as well as earnings growth, are a key component in providing a competitive return to shareholders.”
The company’s dividend growth rate is as follows:
· 10-year: 1.6%
· 5-year: 3.6%
· 3-year: 3.3%
Headquartered in Detroit, DTE Energy is involved in the development and management of energy-related businesses and services nationwide. The DTE Energy portfolio also includes non-utility and industrial projects and energy trading.
The first quarter 2013 results reported earnings of $234 million, or $1.34 per diluted share, compared with $156 million, or $0.91 per diluted share in 2012. The company notes that this increase is due to “near-normal weather” in the first quarter of 2013 after a record warm 2012 winter.
There are four gurus that hold a stake in DTE Energy.
With its shares down 0.47%, DTE Energy trades at $71.64.
3. Spectra Energy Corp. (SE)
On April 30, Spectra Energy declared a dividend of $0.305 per share. This escalates the company’s dividend yield to 3.8%.
This dividend is payable on June 10 to shareholders of the record at the close of business May 10, 2013.
The company’s dividend growth is as follows:
· 10-year: 0%
· 5-year: 4.2%
· 3-year: 3.4%
The company’s dividend yield has increased yearly since February 2007. Spectra has declared 25 dividends since the company’s incorporation in 2006.
Spectra Energy is a Fortune 500 company based out of Houston, Texas. The company’s operations in the U.S. and Canada include more than 22,000 miles of natural gas, natural gas liquids and crude oil pipelines, approximately 305 billion cubic feet of natural gas storage, as well as natural gas gathering and processing and local distribution operations. The company also has a 50% ownership in DCP Midstream (DPM).
The company reported its first quarter results which were highlighted by:
· A net income of $340 million compared with $333 million in the first quarter of 2012.
· A fully diluted EPS of $0.51.
· The acquisition of Express-Platte Pipeline System closed ahead of schedule
Spectra Energy is currently held by seven gurus.
With its shares up 0.28%, Spectra Energy trades at $30.93.
4. Magellan Midstream Partners LP (MMP)
On April 25, Magellan Midstream declared a dividend of $0.508 per share. This increases the company’s dividend yield to 3.8%.
This dividend is payable on May 15 to shareholders of record at the close of business May 8, 2013.
The company’s dividend growth is as follows:
· 10-year: 9.2%
· 5-year: 6.6%
· 3-year: 5.9%
This marks the 44th dividend increase since Magellan’s IPO in 2001. This most recent dividend increase is 21% higher than the first quarter 2012 and 2% higher than the fourth quarter 2012.
The company’s first quarter financials reported:
· An operating profit of $142.5 million compared to $122.8 million in the first quarter of 2012.
· A net income of $113 million compared to $93.5 million in the first quarter of 2012.
· A diluted net income per share of $0.50 per share.
· The DCF dropped to $123.9 million as compared to $125.7 million in the first quarter 2012.
Magellan Midstream owns the longest refined petroleum products pipeline in the U.S. The company has the ability to tap into more than 40% of the nation’s refining capacity and store 80 million barrels of petroleum products such as gasoline, diesel fuel and crude oil.
There are currently four gurus that hold a stake in Magellan Midstream.
With its shares up 0.38%, Magellan trades at $52.62.
You can view a complete list of the high yield dividend stocks that are among gurus’ portfolios here.
1. Duke Energy Corp. (DUK)
On May 2, Duke Energy declared a dividend of $0.765 per share. This sets the company’s dividend yield at 4.1%.
This dividend is payable on May 23 to shareholders of the record at the close of business May 13, 2013.
The company’s dividend growth rate is as follows:
· 10-year: -2%
· 5-year: 2.9%
· 3-year: 1.8%
This is the 87th consecutive year that Duke Energy has paid a quarterly cash dividend on its common stock. The company’s dividend has increased every year since 2007.
Duke Energy is the largest electric power holding company in the U.S. with more than $110 billion in assets. Its utility operations serve approximately 7.2 million electric customers in six states in the Southeast and Midwest.
The company also reported its first quarter earnings which reported:
· First quarter 2013 adjusted diluted EPS were $1.02, compared to $1.13 for the first quarter of 2012.
· The company affirmed its 2013 adjusted earnings guidance range of $4.20 to $4.45 per share.
So far this year, Duke Energy has produced a total shareholder return of about 19%, and its stock prices have hovered around all-time highs for the past several weeks.
There are 11 gurus that hold a stake in Duke Energy.
With its shares down 0.81%, Duke Energy trades at $73.1.
2. DTE Energy Holding Company (DTE)
On May 1, DTE Energy declared a dividend of $0.655 per share. This sets the company’s dividend yield at 3.4%.
This dividend is payable on July 15 to shareholders of record at the close of business June 17, 2013. This most recent dividend is a $0.035 per share, or 5.6% increase, from the previous quarterly dividend of $0.62.
The company has reported consistent and stable growth in dividend yield since 1977.
“The decision to increase our dividend reflects DTE Energy’s confidence in our growth strategy and in our continued commitment to increase shareholder value,” said Gerard Anderson, DTE Energy’s chairman, president and CEO. “We understand that dividends, as well as earnings growth, are a key component in providing a competitive return to shareholders.”
The company’s dividend growth rate is as follows:
· 10-year: 1.6%
· 5-year: 3.6%
· 3-year: 3.3%
Headquartered in Detroit, DTE Energy is involved in the development and management of energy-related businesses and services nationwide. The DTE Energy portfolio also includes non-utility and industrial projects and energy trading.
The first quarter 2013 results reported earnings of $234 million, or $1.34 per diluted share, compared with $156 million, or $0.91 per diluted share in 2012. The company notes that this increase is due to “near-normal weather” in the first quarter of 2013 after a record warm 2012 winter.
There are four gurus that hold a stake in DTE Energy.
With its shares down 0.47%, DTE Energy trades at $71.64.
3. Spectra Energy Corp. (SE)
On April 30, Spectra Energy declared a dividend of $0.305 per share. This escalates the company’s dividend yield to 3.8%.
This dividend is payable on June 10 to shareholders of the record at the close of business May 10, 2013.
The company’s dividend growth is as follows:
· 10-year: 0%
· 5-year: 4.2%
· 3-year: 3.4%
The company’s dividend yield has increased yearly since February 2007. Spectra has declared 25 dividends since the company’s incorporation in 2006.
Spectra Energy is a Fortune 500 company based out of Houston, Texas. The company’s operations in the U.S. and Canada include more than 22,000 miles of natural gas, natural gas liquids and crude oil pipelines, approximately 305 billion cubic feet of natural gas storage, as well as natural gas gathering and processing and local distribution operations. The company also has a 50% ownership in DCP Midstream (DPM).
The company reported its first quarter results which were highlighted by:
· A net income of $340 million compared with $333 million in the first quarter of 2012.
· A fully diluted EPS of $0.51.
· The acquisition of Express-Platte Pipeline System closed ahead of schedule
Spectra Energy is currently held by seven gurus.
With its shares up 0.28%, Spectra Energy trades at $30.93.
4. Magellan Midstream Partners LP (MMP)
On April 25, Magellan Midstream declared a dividend of $0.508 per share. This increases the company’s dividend yield to 3.8%.
This dividend is payable on May 15 to shareholders of record at the close of business May 8, 2013.
The company’s dividend growth is as follows:
· 10-year: 9.2%
· 5-year: 6.6%
· 3-year: 5.9%
This marks the 44th dividend increase since Magellan’s IPO in 2001. This most recent dividend increase is 21% higher than the first quarter 2012 and 2% higher than the fourth quarter 2012.
The company’s first quarter financials reported:
· An operating profit of $142.5 million compared to $122.8 million in the first quarter of 2012.
· A net income of $113 million compared to $93.5 million in the first quarter of 2012.
· A diluted net income per share of $0.50 per share.
· The DCF dropped to $123.9 million as compared to $125.7 million in the first quarter 2012.
Magellan Midstream owns the longest refined petroleum products pipeline in the U.S. The company has the ability to tap into more than 40% of the nation’s refining capacity and store 80 million barrels of petroleum products such as gasoline, diesel fuel and crude oil.
There are currently four gurus that hold a stake in Magellan Midstream.
With its shares up 0.38%, Magellan trades at $52.62.
You can view a complete list of the high yield dividend stocks that are among gurus’ portfolios here.
