Yum Brands Inc (YUM, Financial), Martin Marietta Materials Inc (MLM, Financial) and Medical Properties Trust Inc (MPW, Financial) announced quarterly dividends on Thursday, Aug. 13.
These large cap stocks draw the attention of dividend investors because they are long term dividend distributors.
Yum Brands Inc
The Louisville, Kentucky-based worldwide restaurants operator and franchisor announced that on Sept. 11, it will pay a quarterly cash dividend of 47 cents per common share to its shareholders of record as of Aug. 26.
The ex-dividend date is scheduled for Aug. 25. The payment will be on par with the prior payment.
Based on Thursday's closing price of $92.77 per share, the quarterly dividend produces a forward dividend yield of 2.02%.
Yum Brands Inc has been distributing dividends for more than 15 years and increasing them by a compound annual growth rate of 11.6% over the last 10 years.
The company finances the payment of the quarterly dividend with $1.44 billion in cash on hand and funds from the operating cash flow. The prior 12 months of operating activities through the most recent quarter generated $1.22 billion.
GuruFocus has assigned a low score of 3 out of 10 to the financial strength of the company and a high score of 8 out of 10 to its profitability.
The share price has fallen by 20.3% over the past year for a 52-week range of $54.95 to $119.59.
The market capitalization is $27.96 billion and the price-sales ratio yields 5.22 compared to the industry median of 0.7.
Wall Street sell-side analysts recommend a hold rating for the stock and have established an average target price of $98.95 per share.
Martin Marietta Materials Inc
The Raleigh, North Carolina-based building materials supplier to U.S. and international construction companies announced that on Sept. 30, it will proceed with the payment of a quarterly cash dividend of 57 cents per common share to the shareholders of record as of Sept. 1.
The payment represents a 3.64% hike from the previous one. The ex-dividend date is scheduled for Aug. 31.
Based on Thursday's closing price of $219.63 per share, the quarterly cash dividend generates a forward dividend yield of 1%.
Martin Marietta Materials Inc has distributed dividends for more than 25 years and increased them by a CAGR of 2.56% over the past ten years.
The company sustains the payment with cash on hand of $70 million and trailing 12-month operating cash flow of approximately $1 billion as of the most recent quarter.
GuruFocus has assigned a positive score of 5 out of 10 to the company's financial strength and a high score of 8 out of 10 to its profitability.
The share price has declined by 12.2% over the past year, determining a 52-week range of $135.08 to $281.82.
The stock has a market capitalization of $13.68 billion, a price-book ratio of 2.52 versus the industry median of 1.09 and a price-sales ratio of 2.9 versus the industry median of 0.91.
Wall Street sell-side analysts recommend an overweight rating for this stock and have set an average target price of $244.84 per share.
Medical Properties Trust Inc
The Birmingham, Alabama-based real estate investment trust company focusing on healthcare facilities announced that on Oct. 8, it will distribute a 27 cents per common share quarterly cash dividend to shareholders of record as of Sept 10.
The distribution will be in line with the previous one. The ex-dividend date is scheduled for Sept. 9.
Based on Thursday's closing price of $19.07 per share, the quarterly dividend generates a forward yield of 5.68%.
Medical Properties Trust Inc. has paid dividends for nearly 15 years and increased them by a CAGR of 2.46% over the last 10 years.
The company sustains the quarterly dividend with $375 million available in cash on hand and equivalents and funds from the operating cash flow. The company generated cash flows of approximately $585 million over the last 12 months of operating activities through the most recent quarter.
GuruFocus has assigned a moderate score of 4 out of 10 to the company's financial strength and a very good score of 7 out of 10 to its profitability.
The share price has risen 7% over the past year, determining a 52-week range of $12.35 to $24.29.
The stock has a market capitalization of $10.08 billion, a price-book ratio of 1.43 versus the industry median of 0.91 and a price-sales ratio of 8.89 versus the industry median of 6.76.
Wall Street sell-side analysts issued an overweight recommendation rating for the stock and have determined an average target price of $20.73 per share.
Disclosure: I have no positions in any securities mentioned.
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