During the past week, GuruFocus recognized three companies as dividend growers. In order to be qualified for this list, the company had to:
· Have a dividend yield of greater than 3%.
· Have a strong history of stable and increasing dividends.
· Maintain Guru ownership.
· Have a market cap of greater than $10 billion.
The following three companies actually all come from the energy sector of the market, and all fit the necessary criteria needed to qualify them as dividend growers.
A comparison of the companies’ historical dividend growth:
PG&E Corp. (PCG)
On June 20, PG&E declared a dividend of $0.455 per share, representing a 4.11% dividend yield for the company. This dividend is payable on July 15 to shareholders of the record at the close of business on July 1, 2013.
The company’s historical dividend growth is as follows:
· 10-year: 0%
· 5-year: 4%
· 3-year: 2%
PG&E has offered a quarterly cash dividend since 1980. The dividend has been growing since 1996. In addition, PG&E’s utility subsidiary, Pacific Gas and Electric Company, also declared a regular preferred stock dividend for the three-month period ending July 31.
PG&E Corp. is a holding company that conducts its business through Pacific Gas and Electric Company. PG&E Corporation subsidiaries provide customers with public utility services, and services relating to the generation of energy, transmission of electricity and natural gas, generation of electricity, and the distribution of energy.
The analysis on PG&E Corp. reports:
· The revenue has been in decline for the past five years.
· The company has low interest coverage.
· The company has issued $1.5 billion of debt in the past three years.
· The price is close to a 5-year high of $48.58.
PG&E has a market cap of $19.08 billion; its shares were traded at around $43.88 with a P/E ratio of 22.90 and a P/S ratio of 1.20.
The Peter Lynch Valuation Chart shows that PG&E appears to be overvalued:
John Hussman, Dodge & Cox and Steven Cohen currently hold stake in PG&E. Click here to see their holding histories.
DTE Energy Holdings (DTE)
On June 20, DTE Energy Holdings declared a dividend of $0.655 per share, setting the dividend yield at 3.89% for the company. This dividend is payable on Oct. 15 to shareholders of the record at the close of business on Sept. 16, 2013.
The historical dividend growth for DTE Energy is as follows:
· 10-year: 1.6%
· 5-year: 3.6%
· 3-year: 3.3%
DTE Energy has offered a steadily increasing quarterly cash dividend since Sept. 1972.
DTE Energy is a Detroit-based energy company involved in the development and management of energy-related businesses and services nationwide. The company’s operating units include an electric utility serving 2.1 million customers in Southeastern Michigan and a natural gas utility serving 1.2 million customers in Michigan. The DTE Energy portfolio also includes non-utility energy businesses focused on power and industrial projects and energy trading.
The analysis on DTE Energy reports:
· The company’s revenue has been in decline for the past five years.
· The company has issued $116 million in debt over the past three years.
· The P/B ratio is nearing a 10-year high of 1.65.
· The P/E ratio is close to a 1-year low of 14.84.
DTE Energy Holding Company has a market cap of $11.04 billion; its shares were traded at around $64.12 with a P/E ratio of 16.00 and a P/S ratio of 1.20. The company had an annual average earnings growth of 6.8% over the past 10 years.
The Peter Lynch Valuation Chart shows that DTE Energy appears to be overvalued:
There are currently four gurus that hold stake in DTE Energy. Click here to see their holding histories.
Sempra Energy (SRE)
On June 18, Sempra Energy declared a dividend of $0.63 per share, making the dividend yield 3.05% for the company. The dividend is payable on July 15 to shareholders of the record at the close of business on June 28.
The historical dividend growth of Sempra Energy is as follows:
· 10-year: 9.4%
· 5-year: 14.2%
· 3-year: 11.4%
[url=http://www.gurufocus.com/chart/SRE][/url]
Sempra Energy has offered a quarterly cash dividend since Sept. 1998. The most recent dividend marks the 60th consecutive quarterly cash dividend for the company.
Sempra Energy is a Fortune 500 energy services holding company. The company’s subsidiaries develop energy infrastructure, operate utilities and provide related services to more than 31 million customers worldwide. Sempra U.S. Gas & Power and Sempra International develop and operate critical energy infrastructure and provide gas and electricity services in North and South America.
The analysis on Sempra reports:
· The company has issued $4 billion of debt in the past three years.
· The operating margin of the company is expanding.
· The revenue has been in decline the past year.
· The price is nearing a 10-year high of $84.45
· The P/E and P/S ratios are nearing 10-year highs of 26.19 and 2.11 respectively.
Sempra Energy has a market cap of $19.01 billion; its shares were traded at around $78.92 with a P/E ratio of 24.40 and a P/S ratio of 2.00. Sempra Energy had an annual average earnings growth of 4% over the past 10 years.
The Peter Lynch Valuation Chart shows that Sempra Energy appears to be overvalued:
There are currently five gurus that hold stake in Sempra Energy. Click here to see the holding histories of these gurus.
To view a complete list of high yielding dividend stocks found among the gurus’ portfolios, click here.
· Have a dividend yield of greater than 3%.
· Have a strong history of stable and increasing dividends.
· Maintain Guru ownership.
· Have a market cap of greater than $10 billion.
The following three companies actually all come from the energy sector of the market, and all fit the necessary criteria needed to qualify them as dividend growers.
A comparison of the companies’ historical dividend growth:
PG&E Corp. (PCG)
On June 20, PG&E declared a dividend of $0.455 per share, representing a 4.11% dividend yield for the company. This dividend is payable on July 15 to shareholders of the record at the close of business on July 1, 2013.
The company’s historical dividend growth is as follows:
· 10-year: 0%
· 5-year: 4%
· 3-year: 2%
PG&E has offered a quarterly cash dividend since 1980. The dividend has been growing since 1996. In addition, PG&E’s utility subsidiary, Pacific Gas and Electric Company, also declared a regular preferred stock dividend for the three-month period ending July 31.
PG&E Corp. is a holding company that conducts its business through Pacific Gas and Electric Company. PG&E Corporation subsidiaries provide customers with public utility services, and services relating to the generation of energy, transmission of electricity and natural gas, generation of electricity, and the distribution of energy.
The analysis on PG&E Corp. reports:
· The revenue has been in decline for the past five years.
· The company has low interest coverage.
· The company has issued $1.5 billion of debt in the past three years.
· The price is close to a 5-year high of $48.58.
PG&E has a market cap of $19.08 billion; its shares were traded at around $43.88 with a P/E ratio of 22.90 and a P/S ratio of 1.20.
The Peter Lynch Valuation Chart shows that PG&E appears to be overvalued:
John Hussman, Dodge & Cox and Steven Cohen currently hold stake in PG&E. Click here to see their holding histories.
DTE Energy Holdings (DTE)
On June 20, DTE Energy Holdings declared a dividend of $0.655 per share, setting the dividend yield at 3.89% for the company. This dividend is payable on Oct. 15 to shareholders of the record at the close of business on Sept. 16, 2013.
The historical dividend growth for DTE Energy is as follows:
· 10-year: 1.6%
· 5-year: 3.6%
· 3-year: 3.3%
DTE Energy has offered a steadily increasing quarterly cash dividend since Sept. 1972.
DTE Energy is a Detroit-based energy company involved in the development and management of energy-related businesses and services nationwide. The company’s operating units include an electric utility serving 2.1 million customers in Southeastern Michigan and a natural gas utility serving 1.2 million customers in Michigan. The DTE Energy portfolio also includes non-utility energy businesses focused on power and industrial projects and energy trading.
The analysis on DTE Energy reports:
· The company’s revenue has been in decline for the past five years.
· The company has issued $116 million in debt over the past three years.
· The P/B ratio is nearing a 10-year high of 1.65.
· The P/E ratio is close to a 1-year low of 14.84.
DTE Energy Holding Company has a market cap of $11.04 billion; its shares were traded at around $64.12 with a P/E ratio of 16.00 and a P/S ratio of 1.20. The company had an annual average earnings growth of 6.8% over the past 10 years.
The Peter Lynch Valuation Chart shows that DTE Energy appears to be overvalued:
There are currently four gurus that hold stake in DTE Energy. Click here to see their holding histories.
Sempra Energy (SRE)
On June 18, Sempra Energy declared a dividend of $0.63 per share, making the dividend yield 3.05% for the company. The dividend is payable on July 15 to shareholders of the record at the close of business on June 28.
The historical dividend growth of Sempra Energy is as follows:
· 10-year: 9.4%
· 5-year: 14.2%
· 3-year: 11.4%
[url=http://www.gurufocus.com/chart/SRE][/url]
Sempra Energy has offered a quarterly cash dividend since Sept. 1998. The most recent dividend marks the 60th consecutive quarterly cash dividend for the company.
Sempra Energy is a Fortune 500 energy services holding company. The company’s subsidiaries develop energy infrastructure, operate utilities and provide related services to more than 31 million customers worldwide. Sempra U.S. Gas & Power and Sempra International develop and operate critical energy infrastructure and provide gas and electricity services in North and South America.
The analysis on Sempra reports:
· The company has issued $4 billion of debt in the past three years.
· The operating margin of the company is expanding.
· The revenue has been in decline the past year.
· The price is nearing a 10-year high of $84.45
· The P/E and P/S ratios are nearing 10-year highs of 26.19 and 2.11 respectively.
Sempra Energy has a market cap of $19.01 billion; its shares were traded at around $78.92 with a P/E ratio of 24.40 and a P/S ratio of 2.00. Sempra Energy had an annual average earnings growth of 4% over the past 10 years.
The Peter Lynch Valuation Chart shows that Sempra Energy appears to be overvalued:
There are currently five gurus that hold stake in Sempra Energy. Click here to see the holding histories of these gurus.
To view a complete list of high yielding dividend stocks found among the gurus’ portfolios, click here.
