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Alberto Abaterusso
Alberto Abaterusso
Articles (2610) 

2 Loyal Payers Announce Quarterly Dividends

Nucor, Harley-Davidson beat the index in terms of a higher yield

September 06, 2019 | About:

Two long-term payers announced quarterly dividends on Thursday.

The following stocks also have a higher dividend yield than the S&P 500 Index. The benchmark for U.S. stocks yielded 1.88% as of Sept. 5.

Shares of Nucor Corp. (NYSE:NUE) were unchanged at $50.35 in extended trading on Thursday after the company announced a quarterly dividend of 40 cents per share. The dividend will be paid on Nov. 8 to shareholders of record as of Sept. 27. The ex-dividend date is scheduled for Sept. 26.

As of Thursday, the distribution generates a forward dividend yield of 3.25% versus the industry median of 3.33% and the S&P 500’s yield of 1.88%.

The American steel producer has paid 185 quarterly dividends in a row.

Read more here:

The trailing 12-month dividend per share averaged a 0.8% annual increase over the last five years.

The share price has declined 2.8% year to date, underperforming the S&P 500 by 21.5%. The 52-week range is $46.10 to $66.03. The market capitalization is $15.26 billion, the price-book ratio is 1.49 and the enterprise value-Ebitda ratio is 4.72.

The Peter Lynch chart suggests the stock is cheap.

Shares of Harley-Davidson Inc. (NYSE:HOG) were unchanged at $32.58 at close on Thursday after the company announced a quarterly dividend of 37.5 cents per common share.

On Sept. 27, Harley-Davidson will pay the dividend to shareholders of record as of Sept. 17. The ex-dividend date is Sept. 16.

Based on Thursday’s closing price, the payment generates a forward dividend yield of 4.76%, topping the industry median of 2.86% and the index’s yield of 1.88%.

The motorcycle manufacturer has continuously paid dividends since Aug. 16, 1993.

The trailing 12-month dividend per share increased 0.3% on average every year over the past 60 months.

The stock has declined 4.5% year to date, underperforming the S&P 500 by 23.2%. The 52-week range is $30.17 to $46.22.

The stock has a market capitalization of $5.11 billion, a price-earnings ratio of 12.02, a price-book ratio of 2.72 and a price-sales ratio of 0.96.

Shares are trading below the Peter Lynch earnings line, which indicates the stock is not expensive.

Disclosure: I have no positions in any securities mentioned.

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About the author:

Alberto Abaterusso
I am a contributor at GuruFocus. I primarily write about how to pick potential value stocks. Gold, silver and precious metals mining industries is also my cup of tea. My articles have also been widely linked by popular sites, including MarketWatch, Financial Times, 24hGold, Investopedia, Financial.org, CNBS, MSN Money, Zachs, Reuters and others. I hold a Master\\\'s Degree in Business Administration from Università degli Studi di Bari (Italy), Aldo Moro. I am based in The Netherlands.

You can follow me on Twitter at https://twitter.com/AAbaterusso

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