United Parcel Service Inc UPS, Halliburton Co HAL and Watts Water Technologies Inc WTS announced quarterly dividends on Monday, Nov. 2.
These stocks are appealing to dividend investors because they represent loyal dividend paying companies that have achieved dividend growth rates of more than 7% per year on average over the past ten years.
United Parcel Service Inc
The Atlanta, Georgia-based provider of freight and logistics services announced that on Dec. 3, it will pay a quarterly cash dividend of $1.01 per common share to its shareholders of record as of Nov. 13.
The ex-dividend date is scheduled for Nov. 12. The payment will be in line with the prior distribution.
Based on Monday's closing price of $159.55 per share, the quarterly dividend produces a forward dividend yield of 2.53%.
United Parcel Service Inc has been distributing dividends for about 20 years, increasing them by a CAGR of nearly 8% over the last 10 years.
The payment of the quarterly dividend is sustained thanks to approximately $9.24 billion in cash on hand and $12.23 billion in trailing 12-month operating cash flow as of Sept. 30, 2020.
GuruFocus has assigned a score of 5 out of 10 to the financial strength of the company and of 8 out of 10 to its profitability.
The share price has increased by nearly 30% over the past year for a 52-week range of $82 to $178.01.
The market capitalization is $137.85 billion and the price-earnings ratio stands at 121.33 versus the industry median of 16.37.
Wall Street sell-side analysts recommend an overweight rating for the stock and have set an average target price of $175.04 per share.
Halliburton Co
The Houston-based oil and gas equipment and services supplier announced that on Dec. 23, it will pay a 4.5 cents per common share quarterly cash dividend to shareholders of record as of Dec. 3.
The ex-dividend date is scheduled for Dec. 2. The distribution will be in line with the previous one.
Based on Monday's closing price of $12.80 per share, the quarterly dividend generates a forward yield of 1.41%.
Halliburton Co has paid dividends for almost 35 years and increased them by a CAGR of 7.2% over the last 10 years.
The company sustains the quarterly dividend using $2.12 billion available in cash on hand and equivalents plus $2.41 billion from operating cash flows over the prior 12 months.
GuruFocus has assigned a score of 4 out of 10 to the company's financial strength and of 6 out of 10 to its profitability.
The share price has fallen by 39.3% over the past year, determining a 52-week range of $4.25 to $25.47.
The stock has a market capitalization of $11.32 billion. The trailing 12-month net loss was $4.97 per share.
Wall Street sell-side analysts recommend an overweight rating for the stock and have established an average target price of $16.15 per share.
Watts Water Technologies Inc
The North Andover, Massachusetts-based seller of residential and commercial flow control products, heating and air conditioning products to distributors and dealers, as well as original equipment manufacturers, do-it-yourself and retail chains worldwide.
The company announced that on Dec. 15, it will distribute a quarterly cash dividend of 23 cents per common share to the shareholders of record as of Dec. 1.
The ex-dividend date is scheduled for Nov. 30. The distribution will be in line with the previous payment.
Based on Monday's closing price of $113.62 per share, the quarterly cash dividend generates a forward dividend yield of 0.81%.
Watts Water Technologies Inc has distributed dividends for approximately 34 years and increased them by a CAGR of 7.4% over the past 10 years.
The company funds the payment of the dividend with cash on hand of nearly $150 million and with a total operating cash flow of about $222 million over the trailing 12-months.
GuruFocus has assigned a score of 7 out of 10 to the company's financial strength and of 6 out of 10 to its profitability.
The share price has risen by 19.5% over the past year for a 52-week range of $69.02 to $115.04.
The stock has a market capitalization of $3.83 billion and a price-earnings ratio of 33.42 versus the industry median of 23.16.
Wall Street sell-side analysts recommend a hold rating for this stock and have established an average target price of $99.25 per share.
Disclosure: I have no positions in any securities mentioned.
Read more here:
- 3 Stock Picks for the Value Investor
- 3 Stocks Growing Their Earnings Per Share Fast
- 2 Falling Knives to Catch
Not a Premium Member of GuruFocus? Sign up for a free 7-day trial here.
