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Alberto Abaterusso
Alberto Abaterusso
Articles (1703) 

3 Long-Term Payers Declare Quarterly Dividends

These companies have rewarded shareholders for more than 2 decades

October 09, 2019 | About:

Three long-term payers declared quarterly dividends on Tuesday.

Aon

Shares of Aon PLC (NYSE:AON) were unchanged at $185.71 in after-hours trading on Tuesday after the company announced a quarterly dividend of 44 cents per share, which was in line with the previous distribution.

On Nov. 15, the London-based insurance broker will pay the dividend to shareholders of record as of Nov. 1. The ex-dividend date is Oct. 31.

The payment produces a 0.92% forward dividend yield based on the closing share price on Tuesday. This is compared to the industry median of 2.86% and the S&P 500 Index’s yield of 1.98%.

The company has paid quarterly dividends since February 1985.

The trailing 12-month dividend per share increased 2.6% on average every year over the past five years.

The stock has risen 27.8% year to date, outperforming the S&P 500 Index by 12.4%. The 52-week range is $135.3 to $198.61.

The stock has a market capitalization of $43.8 billion, a price-earnings ratio of 31.72, a price-book ratio of 11.62 and a price-sales ratio of 4.18.

The Peter Lynch chart indicates the stock is not cheap.

Wall Street issued a hold recommendation rating with an average target price of $202.29 per share.

Goodyear

Shares of The Goodyear Tire & Rubber Co. (NASDAQ:GT) were up 0.38% at $13.28 in extended trading on Tuesday after the company announced a quarterly dividend of 16 cents per common share.

The dividend will be paid on Dec. 2 to shareholders of record as of Nov. 1. The ex-dividend date is scheduled for Oct. 31.

Based on Tuesday’s closing price, the payment produces a forward dividend yield of 4.79%, versus the industry median of 2.82% and the S&P 500's yield of 1.98%.

The Akron, Ohio-based tire manufacturer paid quarterly dividends between March 15, 1986 and Dec. 16, 2002, and from Dec. 1, 2013, to Sept. 3.

The trailing 12-month dividend per share increased 5.1% on average every year over the last five years.

The stock has declined 35.2% year to date, underperforming the S&P 500 Index by 50.6%. The 52-week range is $10.74 to $23.95. The market capitalization is $3.08 billion, the price-earnings ratio is 6.91, the price-book ratio is 0.64 and the price-sales ratio is 0.22.

According to the Peter Lynch chart, the stock is undervalued. 

Wall Street issued an overweight recommendation rating with an average target price of $16.17 per share.

International Paper

Shares of International Paper Co. (NYSE:IP) were unchanged at $38.43 in after-hours trading on Tuesday after the company announced a 2.5% hike in the quarterly dividend to 51.25 cents per common share from the previous distribution of 50 cents per share.

On Dec. 16, the company will pay the dividend to shareholders of record as of Nov. 15. The ex-dividend date is Nov. 14.

Based on Tuesday ’s closing price, the distribution produces a forward dividend yield of 5.11%, versus the industry median of 2.66% and the S&P 500 Index's yield of 1.98%.

Headquartered in Memphis, Tennessee, the global paper and packaging company has continuously paid quarterly dividends since March 17, 1986.

The trailing 12-month dividend per share averaged a 1.1% increase every year over the last five years.

The stock has fallen 6% year to date, underperforming the S&P 500 Index by 20.2%. The 52-week range is $36.45 to $48.84.

The company has a market capitalization of $15.10 billion, a price-earnings ratio of 9.78, a price-book ratio of 2.06 and a price-sales ratio of 0.67.

Based on the Peter Lynch chart, the stock appears to be cheap.

Wall Street issued a hold recommendation rating for shares of International Paper with an average target price of $47.08.

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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