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Alberto Abaterusso
Alberto Abaterusso
Articles (1478) 

3 Companies Announce Quarterly Dividends

Core Laboratories, Star Group and S&T Bancorp are loyal dividend payers

April 17, 2019 | About:

The following long-term dividend payers announced quarterly dividends on April 16.

Shares of Core Laboratories N.V. (NYSE:CLB) were down 0.76% to $72.91 in after-hours trading on Tuesday following the announcement of a quarterly dividend of 55 cents per share for the second quarter of 2019. The payment is in line with the previous distribution.

The Amsterdam-based company provides oil and gas companies with core and fluid analysis services.

On May 21, the Dutch company will pay the dividend to its shareholders of record as of April 26. The ex-dividend date is April 25.

Based on the closing price of $73.47 on Tuesday, the distribution leads to a forward dividend yield of 3.07%, beating the industry median of 2.7%. But it is ranked lower than 99 out of 172 companies that operate in the Oil and Gas Equipment and Services industry.

Core Laboratories has paid dividends since 2008. The distribution was flat over the last five years.

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The stock has gained 23.2% year to date, outperforming the Dow Jones Industrial Average by 9.8%. The closing price on Tuesday was 29.5% off the 52-week low of $56.72 and 77.4% from the 52-week high of $130.34. The market cap is $3.3 billion, the price-earnings ratio is 41.06, the price-book ratio is 20.77, the price-sales ratio is 4.64 and the enterprise value-earnings before interest, taxes, depreciation and amortization ratio is 24.95.

The Peter Lynch chart suggests Core Laboratories is not cheap.

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Wall Street issued a hold recommendation rating for shares of Core Laboratories with an average target price of $75.08, reflecting 2.2% growth from the closing price on Tuesday.

Shares of Star Group L.P. (NYSE:SGU) were down 0.31% at $9.72 in after-hours trading on Tuesday following the announcement of a 6.4% increase in the quarterly dividend to 12.5 cents per share from the prior dividend of 11.75 cents. The payment refers to the first quarter of 2019.

On May 6, the Stamford, Connecticut-based company, which provides home heating and cooling solutions, will pay the dividend to shareholders of record as of April 26. The ex-dividend date is scheduled for April 25.

Based on the closing price on Tuesday, the cash quarterly dividend, if held constant, leads to a forward dividend yield of 4.89%, missing the industry median of 8.78% by 389 basis points. The company's forward dividend yield is ranked lower than a majority of the 121 companies that operate in the Oil & Gas Midstream industry.

Star Group paid dividends from 1996 to 2004 and from 2009 to Feb. 5, 2019. The dividend per share increased 1.6% on average every year over the last five years.

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Shares of Star Group have risen 4.4% this year, but are underperforming the Dow Jones Industrial Average by 9.1%. The closing share price of $9.75 on Tuesday was 9.9% above the 52-week low of $8.87 and 3.6% below the 52-week high of $10.10. The stock has a market capitalization of $506.74 million, a price-earnings ratio of 23.77, a price-sales ratio of 0.29 and an EV-Ebitda ratio of 6.76.

The Peter Lynch chart suggests the stock is not cheap.

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Wall Street issued a hold recommendation rating on shares of Star Group. The average target price of $13 is 33.33% higher than the closing price on Tuesday.

Shares of S&T Bancorp Inc. (NASDAQ:STBA) were up 2.31% at $40.81 on Tuesday after the bank announced it will pay a dividend of 27 cents per share on May 16 to its shareholders of record as of May 2. The ex-dividend date is scheduled for May 1. The payment represents an 8% increase year over year.

Based on Tuesday's closing price, the Pennsylvania-based regional bank has a forward dividend yield of 2.71% versus the industry median of 3.16%. The company's forward dividend yield is ranked lower than 1,556 out of 2,534 companies that operate in the Banks - Regional - U.S. industry.

S&T Bancorp has paid dividends since 1992. The chart below shows the trailing 12-month dividend per share increased 4.5% on average every year over the last five years.

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The stock has climbed nearly 8% this year, underperforming the KBW Nasdaq Bank Index by nearly 9%. The closing price on Tuesday was 16.1% above the 52-week low of $35.16 and 17.1% below the 52-week high of $47.77. The stock has a market capitalization of $1.41 billion, a price-earnings ratio of 13.57, a price-book ratio of 1.52 and a price-sales ratio of 5.05.

According to the Peter Lynch chart, the stock appears to be priced fairly.

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Wall Street issued a hold recommendation rating for shares of S&T Bancorp with an average target price of $43.50, reflecting 6.6% upside from the closing price on Tuesday.

Disclosure: I have no positions in any securities mentioned.

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About the author:

Alberto Abaterusso
If somebody asks what being a value investor means, Alberto Abaterusso would answer, “The value investor is not just the possessor of the security that represents the company, but he is the owner of that company. As an owner of the company the value investor is actively involved in the dynamics of that company and his first concern is how to have sales progressively growing. Also, the value investor is probably one of the most demanding persons in the world concerning sales.”

Abaterusso is a freelance writer based in The Netherlands. He primarily writes about gold, silver and precious metals mining stocks. His articles have also been widely linked by popular sites, including MarketWatch, Financial Times, 24hGold, Investopedia, Financial.org, CNBS, MSN Money, Zachs, Reuters and others. Alberto holds an MBA from Università degli Studi di Bari (Italy), Aldo Moro.

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