Union Pacific Corporation (UNP, Financial), Mondelez International Inc (MDLZ, Financial) and PulteGroup Inc (PHM, Financial) announced quarterly dividends on Thursday, Feb. 6. These large-cap stocks are loyal payers as they have been distributing dividends for more than a decade.
Union Pacific Corporation
In line with the previous distribution, Union Pacific Corporation announced a 97 cents per share quarterly cash dividend that the Omaha, Nebraska-based railroad transportation services provider will pay on March 31, 2020. The ex-dividend date is scheduled for Feb. 27.
Based on Thursday’s closing share price of $186.11, the quarterly distribution produces a forward dividend yield of 2.08% versus the industry median of 2.63% and produces a trailing 12-month dividend yield of 1.99% versus the industry median of 2.39%.
Union Pacific Corporation has paid dividends for three decades. The company has hiked the dividend by more than 14% over the past five years.
The railroad company backs the dividend with $891 million in cash available on hand as of the most recent quarter which ended on Dec. 30, 2019. The last 12 months of activities have generated an operating cash flow of $8.6 billion.
The stock has risen nearly 3% year to date. The 52-week range is $149.09 to $188.96.
The stock has a market capitalization of $129.2 billion, a price-earnings ratio of 22.18, a price-book ratio of 7.13 and a price-sales ratio of 6.05. The Peter Lynch chart below shows that the stock is trading above its fair value so it may be not at its cheapest.
With 8.3% of outstanding shares, Vanguard Group Inc is the company's largest top fundholder, followed by BlackRock Inc with 6.65% and State Street Corp with 4.44%.
Sell-side analysts in Wall Street issued an overweight recommendation rating for shares of Union Pacific Corporation with an average target price of $199.17 per share.
Mondelez International
Mondelez International Inc announced a 28.5 cents quarterly cash dividend per common share (on par with the previous one), which the East Hanover, New Jersey-based manufacturer and marketer of snack food and beverage products worldwide will pay on April 14, 2020. In order to benefit shareholders must be on the company’s record not later than March 31. The ex-dividend date is scheduled for March 30.
Based on Thursday’s closing share price of $58.42, the quarterly cash dividend produces a forward dividend yield of 1.95% versus the industry median of 2.29% and produces a trailing 12-month dividend yield of 1.87% versus the industry median of 2.03%.
Mondelez has paid quarterly dividends for nearly two decades and increased them by 13.5% over the past five years.
The company funds the quarterly dividend payment with about $1.3 billion available on hand as of the most recent quarter, which ended on Dec. 30, 2019. Also, the last 12 months of activities generated an operating cash flow of almost $4 billion.
The stock price has grown nearly 6% year to date. The 52-week range is $45.75 to $59.43.
The stock has a market capitalization of $84.1 billion, a price-earnings ratio of 21.96, a price-book ratio of 3.11 and a price-sales ratio of 3.29. Based on the Peter Lynch chart, the stock is trading above its fair value.
Vanguard Group Inc is the company's largest top fund holder with 7.7% of outstanding shares, followed by BlackRock Inc with 6.51% and State Street Corp with 4.67%.
Sell-side analysts in Wall Street issued an overweight recommendation rating for shares of Mondelez International Inc with an average target price of $63.00 per share.
PulteGroup Inc
PulteGroup Inc announced that a payment of 12 cents cash quarterly dividend per common share will be made on April 3, 2020 to shareholders of record as of March 13. The ex-dividend date is scheduled for March 12. The payment is in line with the previous distribution of the Atlanta, Georgia-based home builder.
Based on Thursday’s closing share price of $45.49, the quarterly dividend generates a trailing 12-month dividend yield of 0.99% and a forward dividend yield of 1.06%. The industry median yields 3.63% for the trailing 12-month dividend and 3.89% for the forward dividend.
PulteGroup has paid dividends for about 26 years and increased them by 14.4% over the past five years.
The company sustains the payment of the quarterly dividend with $1.23 billion cash available on hand as of the most recent quarter which ended on Dec. 30, 2019. Further, the business generated an operating cash flow of nearly $1.1 billion over the last 12 months.
Year-to-date, the stock price has risen by 18%. The 52-week range is $25.24 to $47.3.
The stock has a market capitalization of $12.34 billion, a price-earnings ratio of 12.48, a price-book ratio of 2.27 and a price-sales ratio of 1.23. The Peter Lynch chart shows that the stock is trading below its fair value.
With 11.45% of outstanding shares, Vanguard Group Inc is the company's largest institutional owner, followed by State Street Corp with 4.57% and AQR Capital Management LLC with 3.36%.
Sell-side analysts in Wall Street issued an overweight recommendation rating for shares of PulteGroup Inc with an average target price of $48.50 per share.
Disclosure: I have no positions in any securities mentioned.
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