Westpac Banking Corp. (WBK, Financial), WPP PLC (WPP, Financial), Goodyear Tire & Rubber Co. (GT, Financial), and New York Community Bancorp Inc. (NYCB, Financial) have declined to their three-year lows.
Westpac Banking declined to $20.66
The price of Westpac Banking Corp. (WBK, Financial) shares declined to $20.66 on June 15, which is only 4% above the three-year low of $19.83.
Westpac is an Australian bank and financial services provider that is one of the country's “big four” banks. As of March 2018, the company has approximately 14 million customers and employs 40,000 people.
Westpac has a market cap of $70.33 billion; its shares were trading around $20.66 with a price-earnings ratio of 11.35 and a price-sales ratio of 4.50. The trailing 12-month dividend yield is 6.92%. The forward dividend yield is 6.88%.
On May 18, Westpac announced the appointment of Carolyn McCann to the new position of group executive, customer and corporate relations. McCann is currently the company’s general manager, corporate affairs and sustainability.
WPP declined to $80.04
The price of WPP shares declined to $80.04 on June 15, which is only 4.2% above the three-year low of $76.68.
WPP is a U.K.-based international advertising and public relations company. The company owns a variety of advertising, public relations and market research networks, including IMRB, Millward Brown, Grey and TNS. The company is a component of the FTSE 100 Index and has listings on both the Nasdaq and London Stock Exchange.
WPP has a market cap of $20.4 billion; its shares were traded around $80.04 with a price-earnings ratio of 8.32 and a price-sales ratio of 1.02. The trailing 12-month dividend yield is 5%. The forward dividend yield is 4.91%. WPP had an annual average earnings growth of 7.80% over the last 10 years.
On May 9, WPP announced BP PLC (LSE:BP) had selected the company as its preferred partner for marketing communication services for its corporate, fuels and castrol business internationally. The decision is the result of a thorough competitive review process, which began in 2017. The company’s Team Energy, which was formed specifically for BP, will provide services, including advertising, media investment management, digital media and branding services.
Goodyear Tire & Rubber declined to $25.07
The price of Goodyear Tire & Rubber shares declined to $25.07 on June 15, which is only 3.8% above the three-year low of $24.12.
Goodyear is an American international tire manufacturing company that produces tires for automobiles, commercial trucks, light trucks, airplanes and farm equipment. The company is one of the top four tire manufactures, along with Bridgestone, Michelin and Continental.
Goodyear has a market cap of $6.01 billion; its shares were traded around $25.07 with a price-earnings ratio of 24.58 and a price-sales ratio of 0.40. The trailing 12-month dividend yield is 2.08%. The forward dividend yield is 2.23%. The company had an annual average earnings growth of 6.80% over the past decade.
On May 31, Goodyear announced it is extending its worldwide innovation network to include Mcity, the University of Michigan-led partnership to advance connected and automated vehicles. The company will conduct testing at the Mcity Test Facility with electric and autonomous vehicles in order to further develop its intelligent tires and improve the application of sensors.
New York Community Bancorp declined to $11.50
The price of New York Community Bancorp shares declined to $11.50 on June 15, which is only 1.1% above the three-year low of $11.37.
New York Community Bancorp is an American Fortune 1000 bank that has 227 branches in New York, New Jersey, Ohio, Florida and Arizona. The bank has over $50 billion in assets, making it one of the 25 largest bank holding companies in the United States. As of 2015, the bank employs 3,448 individuals.
The bank has a market cap of $5.64 billion; its shares were traded around $11.50 with a price-earnings ratio of 12.91 and a price-sales ratio of 4.28. The trailing 12-month dividend yield is 5.93%. The forward dividend yield is 5.89%.
On May 24, New York Community Bancorp announced that its board of directors has declared a quarterly cash dividend on its fixed-to-floating rate non-cumulative perpetual preferred stock at the rate of $15.94 per preferred share, which equates to $0.3984 for each depositary share. Each depositary share has 1/40th ownership interest in a share of the preferred stock. The dividend will be payable on June 17 to shareholders of record at the close of business on June 7.
Disclosure: I do not own stock in any of the companies mentioned in the article.
