Fortune Brands Home & Security Inc FBHS, Servisfirst Bancshares Inc SFBS and Mackinac Financial Corp MFNC announced quarterly dividends on Monday, Sept. 21.
These stocks draw the attention of dividend investors because they represent loyal payers who have topped the S&P 500 index in terms of a higher dividend growth rate over the last few years. As a benchmark for the U.S. market, the S&P 500 index has grown its real dividend per share at a compound annual growth rate (CAGR) of 5.77% over the past year and of 6.3% over the past three years.
Fortune Brands Home & Security Inc
The Deerfield, Illinois-based provider of products for residential home repair, remodeling and new construction announced that on Dec. 16, it will pay a quarterly cash dividend of 24 cents per common share to its shareholders of record as of Nov. 27.
The ex-dividend date is scheduled for Nov. 25. The payment will be in line with the prior distribution.
Based on Monday's closing price of $82.34 per share, the quarterly dividend produces a forward dividend yield of 1.17%.
Fortune Brands Home & Security Inc has been distributing dividends for approximately seven years and increasing them by a CAGR of 9.3% and 11.2% over the last year and three years, respectively.
The company finances the payment of the quarterly dividend with nearly $400 million in cash on hand and with funds from operating cash flow of $786 million for the past four quarters.
GuruFocus has assigned a positive score of 5 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 increased by 55% over the past year for a 52-week range of $33.90 to $86.80.
The market capitalization is $11.38 billion and the price-earnings ratio stands at 26.65 compared to the industry median of 21.92.
Wall Street sell-side analysts recommend an overweight rating for the stock and have established an average target price of $83.79 per share.
Servisfirst Bancshares Inc
The Birmingham, Alabama-based regional provider of banking services to U.S. individual and corporate clients announced that on Oct. 9, it will distribute a quarterly cash dividend of 17.5 cents per common share to the shareholders of record as of Oct. 1.
The ex-dividend date is scheduled for Sept. 30. The distribution will be in line with the previous payment.
Based on Monday's closing price of $33.01 per share, the quarterly cash dividend generates a forward dividend yield of 2.12%.
Servisfirst Bancshares Inc has distributed dividends for approximately seven years and increased them by a CAGR of 20.5% and 48.7% over the past year and three years, respectively.
The company backs the payment of the dividend with cash on hand of $250 million and with operating cash flow of $210 million over the trailing 12-months.
GuruFocus has assigned a positive score of 5 out of 10 to the company's financial strength and a moderate score of 4 out of 10 to its profitability.
The share price was quite flat over the past year, for a 52-week range of $21.76 to $40.90.
The stock has a market capitalization of $1.78 billion and a price-earnings ratio of 11.62 versus the industry median of 9.7.
Wall Street sell-side analysts recommend a hold rating for this stock and have established an average target price of $37 per share.
Mackinac Financial Corp
The Manistique, Michigan-based regional provider of banking products and services to U.S. commercial and retail clients announced that on Oct. 12, it will pay a 14 cents per common share quarterly cash dividend to shareholders of record as of Oct. 1.
The ex-dividend date is scheduled for Sept. 30. The distribution will be in line with the previous one.
Based on Monday's closing price of $9.36 per share, the quarterly dividend generates a forward yield of 5.98%.
Mackinac Financial Corp has paid dividends for approximately 10 years and increased them by a CAGR of 16.7% and 9.1% over the last year and three years, respectively.
The company sustains the quarterly dividend with $163 million available in cash on hand and equivalents and funds from operating cash flow of $4.5 million over the prior 12 months.
GuruFocus has assigned a low score of 3 out of 10 to the company's financial strength and a moderate score of 4 out of 10 to its profitability.
The share price has fallen by 40% over the past year, determining a 52-week range of $6.52 to $17.75.
The stock has a market capitalization of $98.59 million and a price-earnings ratio of 7.37 versus the industry median of 9.7.
On Wall Street, the stock has one buy recommendation rating with a target price of $13 per share.
Disclosure: I have no positions in any securities mentioned.
Read more here:
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.
