These are today's dividend hikes by The Dynamic Dividend on Coach Inc. (COH, Financial), Humana Inc. (HUM, Financial), and DCP Midstream Partners, LP (DPM).
Coach, Inc. (COH) announced a 50% increase to its dividend within this morning’s third-quarter earnings release. The luxury accessory maker will pay a quarterly dividend of $0.225 per share beginning in July, up from its four previous payouts of $0.15 per share. Coach has only been returning cash to shareholders since 2009, but it’s already shown a willingness to increase its payout in large chunks. Last year, the company celebrated its first full year as a dividend-paying company by doubling its quarterly rate.
As for its third quarter performance, Coach posted earnings of $0.62 per share on $950.7 million in revenue, edging the consensus estimates for both profit ($0.60 per share) and sales ($949.1 million). Net income grew 18% year-over-year, while sales rose 14%.
Shares of Coach are down slightly in pre-market action, trading at $56.97 (-0.18%). At that level, they now feature a 1.58% dividend yield.
Humana Inc. (HUM) this morning declared a quarterly dividend of $0.25 per share, the health care company’s first.
The company also provided a sneak peak at its first quarter results (which will be officially released next week), saying it anticipates earnings of $1.86 per share. That would crush the company’s previous guidance range ($1.15 to $1.20 per share) and the consensus analyst estimate ($1.24 per share). For the full year, Humana now expects to earn $6.70 to $6.90 per share, well above its previous guidance range ($5.95 to $6.15 per share) and, predictably, way ahead of Wall Street’s view ($6.31 per share).
Assuming Humana can hit the midpoint of its own earnings guidance range, the company is kicking off its dividend-paying era with a very manageable 14.7% payout ratio.
In addition to all the other good news, the company also announced the replacement of its existing $250 million share repurchase authorization (which had a remaining balance of approximately $100 million) with a fresh $1 billion buyback plan.
Shares of HUM closed at $72.68 on Monday, where they now feature a shiny new 1.38% dividend yield.
DCP Midstream Partners LP (DPM) declared a quarterly distribution of $0.625 per unit after today’s closing bell, a 1.2% increase over its last payout and a 4.2% improvement over the distribution paid during the same period last year.
This marks the third distribution hike in the last four quarters from DCP, which has now raised its payout 12 times since it began returning cash to investors in 2006.
Coach Lifts Dividend by 50% Following Strong Q3
Coach, Inc. (COH) announced a 50% increase to its dividend within this morning’s third-quarter earnings release. The luxury accessory maker will pay a quarterly dividend of $0.225 per share beginning in July, up from its four previous payouts of $0.15 per share. Coach has only been returning cash to shareholders since 2009, but it’s already shown a willingness to increase its payout in large chunks. Last year, the company celebrated its first full year as a dividend-paying company by doubling its quarterly rate.
As for its third quarter performance, Coach posted earnings of $0.62 per share on $950.7 million in revenue, edging the consensus estimates for both profit ($0.60 per share) and sales ($949.1 million). Net income grew 18% year-over-year, while sales rose 14%.
Shares of Coach are down slightly in pre-market action, trading at $56.97 (-0.18%). At that level, they now feature a 1.58% dividend yield.
Humana Expects Huge Year, Initiates Quarterly Dividend
Humana Inc. (HUM) this morning declared a quarterly dividend of $0.25 per share, the health care company’s first.
The company also provided a sneak peak at its first quarter results (which will be officially released next week), saying it anticipates earnings of $1.86 per share. That would crush the company’s previous guidance range ($1.15 to $1.20 per share) and the consensus analyst estimate ($1.24 per share). For the full year, Humana now expects to earn $6.70 to $6.90 per share, well above its previous guidance range ($5.95 to $6.15 per share) and, predictably, way ahead of Wall Street’s view ($6.31 per share).
Assuming Humana can hit the midpoint of its own earnings guidance range, the company is kicking off its dividend-paying era with a very manageable 14.7% payout ratio.
In addition to all the other good news, the company also announced the replacement of its existing $250 million share repurchase authorization (which had a remaining balance of approximately $100 million) with a fresh $1 billion buyback plan.
Shares of HUM closed at $72.68 on Monday, where they now feature a shiny new 1.38% dividend yield.
DCP Midstream Boosts Distribution Again
DCP Midstream Partners LP (DPM) declared a quarterly distribution of $0.625 per unit after today’s closing bell, a 1.2% increase over its last payout and a 4.2% improvement over the distribution paid during the same period last year.
This marks the third distribution hike in the last four quarters from DCP, which has now raised its payout 12 times since it began returning cash to investors in 2006.
