The following loyal dividend payers announced distributions on Monday.
Shares of Ingles Markets Inc. (IMKTA, Financial) rose 0.08% to $38.85 on Monday following the announcement of a quarterly dividend of 16.5 cents per common share. The dividend is in line with the previous payment.
On Oct. 17, Ingles Markets will pay the dividend to shareholders of record as of Oct. 10. The ex-dividend date is Oct. 9.
Based on the closing share price on Monday, the payment produces a forward dividend yield of 1.7% versus the industry median of 2.12% and the S&P 500's yield of 1.88%.
The Asheville, North Carolina-based grocery store chain has continuously paid quarterly dividends since Dec. 30, 1987.
The trailing 12-month dividend per share averaged 6.6% growth every year over the past five years.
The stock has gained 42.7% year to date, outperforming the Nasdaq by 22.2%. The 52-week range is $25.57 to $43.65.
The stock has a market capitalization of $787.09 million, a price-earnings ratio of 9.98, a price-book ratio of 1.6 and a price-sales ratio of 0.23.
The Peter Lynch earnings line indicates the stock is cheap.
Shares of Global Water Resources Inc. (GWRS, Financial) declined 1.42% to close at $11.84 on Monday after the company announced a monthly dividend of 2.39 cents per common share. The dividend will be paid on Oct. 31 to shareholders of record as of Oct. 17. The ex-dividend date is scheduled for Oct. 16.
Based on Monday’s closing price, the distribution produces a forward dividend yield of 2.38% versus the industry median of 3.23% and the S&P 500’s yield of 1.88%.
The Phoenix-based water resource management company has paid dividends since May 31, 2016.
The trailing 12-month dividend per share averaged a 0.5% increase every year over the last five years.
The stock has climbed 16.8% year to date, but it underperformed the Nasdaq by 3.8%. The 52-week range is $9 to $13.33. The market capitalization is $255 million, the price-earnings ratio is 118.4, the price-book ratio is 9.51 and the price-sales ratio is 7.43.
According to the Peter Lynch chart, the stock is overvalued.
Shares of Acuity Brands Inc. (AYI, Financial) advanced 1.89% to close at $134.79 on Monday after the company announced a quarterly dividend of 13 cents quarterly per common share, which was in line with the previous payment.
On Nov. 1, the company will pay the dividend to shareholders of record as of Oct. 18. The ex-dividend date is Oct. 17.
Based on Monday’s closing price, the payment generates a forward dividend yield of 0.39% compared to the industry median of 2.63% and the S&P 500’s yield of 1.88%.
The Atlanta-based lighting manufacturer has paid quarterly dividends since Feb. 1, 2002.
The trailing 12-month dividend per share was flat over the past 60 months.
The stock has climbed 17.3% year to date, but underperformed the S&P 500 index by 1.5%. The 52-week range is $103.48 to $157.73.
The stock has a market capitalization of $5.38 billion, a price-earnings ratio of 15.73, a price-book ratio of 2.85 and a price-sales ratio of 1.42.
Based on the Peter Lynch chart, the stock appears to be trading near its fair value.
Disclosure: I have no positions in any securities mentioned.
Read more here:
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