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Alberto Abaterusso
Alberto Abaterusso
Articles (2075) 

3 Long-Term Payers Declare Quarterly Dividends

The Cato Corp. tops the list

September 01, 2019 | About:

Three long-term dividend payers declared quarterly dividends on Friday.

Shares of The Cato Corp. (NYSE:CATO) were 1.78% lower at $17.13 at close on Friday although the company announced a quarterly dividend of 33 cents per common share, in line with the previous distribution.

On Sept. 30 The Cato Corp. will pay the dividend to shareholders of record as of Sept. 16. The ex-dividend date is Sept. 13.

Based on the closing price on Friday, the payment produces a forward dividend yield of 7.57% versus the industry median of 2.97% and versus the S&P 500 Index’s yield of 1.92%.

Headquartered in Charlotte, North Carolina, the retailer of women's fashions and accessories has, though not continuously, paid dividends since June 26, 1987.

The trailing 12-month dividend per share was flat over the past five years.

The stock has grown 20% year-to-date, and it outperformed the S&P 500 index by 3.3%. The 52-week range is $11.85 to $22.19.

The stock has a market capitalization of $424.31 million, a price-earnings ratio of 12.38, a price-book ratio of 1.27 and a price-sales ratio of 0.49.

The share price is trading below the Peter lynch earnings line indicating that the stock is not expensive.

Shares of Garmin Ltd. (NASDAQ:GRMN) closed slightly higher 0.8% to $81.57 on Friday after the company announced a cash quarterly dividend of 57 cents per common share, in line with the previous one. The dividend will be paid on Sept. 30 to shareholders of record as of Sept. 16. The ex-dividend date is scheduled for Sept. 13.

Based on Friday’s closing price, the distribution generates a forward dividend yield of 2.82%, versus the industry median of 2.72% and the S&P 500 index’s yield of 1.92%.

The U.S. multinational technology company has uninterruptedly paid dividends since Dec. 15, 2003.

The trailing 12-month dividend per share averaged a 1.1% yearly increase over the last 60 months.

The stock has climbed nearly 29% year to date, and it outperformed the Nasdaq by nearly 9%. The 52-week range is $59.98 to $89.72. The market capitalization is $15.51 billion, the price-earnings ratio is 21.02, the price-book ratio is 3.72 and the price-sales ratio is 4.48.

The Peter Lynch chart suggests the stock is not cheap.

Shares of NN Inc. (NASDAQ:NNBR) gained 2.72% to close at $6.42 on Friday after the company announced a cash quarterly dividend of 7 cents per common share, in line with the previous distribution. The company will pay the dividend on Sept. 23 to shareholders of record as of Sept. 9. The ex-dividend date is Sept. 6.

Based on Friday’s closing price, the distribution produces a 4.48% forward dividend yield, which is above the industry median of 2.4% and the S&P 500 index’s yield of 1.92%.

Headquartered in Charlotte, North Carolina, the high-precision components and assemblies manufacturer has, though not continuously, paid dividends since Aug. 19, 1994. The company didn’t pay dividends in 2009, 2010, 2011 and 2012.

The trailing 12-month dividend per share was flat every year over the last five years.

The stock has lost 4.32% year to date and it underperformed the Nasdaq by 24.3%. The 52-week range is $5.55 to $20.5.

The stock has a market capitalization of $272 million, a price-book ratio of 0.76 and a price-sales ratio of 0.29. The price-earnings ratio is not available.

According to the Peter Lynch chart, the stock could be still trading over its earnings line suggesting one of the not cheapest share prices.

Disclosure: I have no positions in any securities mentioned.

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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