The government might have been in shutdown mode during the week of Oct. 14, but for much of Wall Street, it was still business as usual, and we saw a brisk week of dividend increases.
Top 5 Quality Stocks To Own For 2015: Nordson Corporation(NDSN)
Nordson Corporation manufactures equipment used for precision dispensing, testing and inspection, and surface preparation and curing. Its Adhesive Dispensing Systems segment manufactures equipment for applying adhesives, lotions, and liquids to disposable products; automated adhesive dispensing systems for the food and beverage, and packaged goods industries; hot melt and cold glue adhesive dispensing systems for the paper and paperboard converting industries; adhesive and sealant dispensing systems for bonding or sealing plastic, metal, and wood products; and laminating and coating systems to manufacture continuous-roll goods in the nonwovens, textile, paper, and flexible-packaging industries. The company?s Advanced Technology Systems segment comprises automated gas plasma treatment systems used to clean and condition surfaces for the semiconductor, medical, and printed circuit board industries; controlled manual and automated systems for applying materials in customer pr ocesses requiring precision and material conservation; ultraviolet equipment used in curing and drying operations for specialty coatings, semiconductor materials, and paints; and bond testing and automated optical and x-ray inspection systems used in the semiconductor and printed circuit board industries. Its Industrial Coating Systems segment provides automated and manual dispensing systems used for applying coatings, paint, finishes, sealants, and other materials. Nordson Corporation markets its products in the United States and internationally through a direct sales force, as well as through qualified distributors and sales representatives. It serves various markets, including the appliance, automotive, bookbinding, container, converting, electronics, food and beverage, furniture, life sciences and medical, metal finishing, non woven, packaging, and semiconductor industries. The company was founded in 1935 and is headquartered in Westlake, Ohio.
Advisors' Opinion:- [By Travis Hoium]
What: Shares of industrial product manufacturer Nordson (NASDAQ: NDSN ) dropped as much as 10% today after the company reported fiscal second-quarter earnings.
- [By Lauren Pollock]
Nordson Corp.'s(NDSN) fiscal fourth-quarter earnings fell 12% on weaker demand, though the maker of dispensing equipment noted improvement in recent order trends.
Top 10 Dividend Companies To Own In Right Now: ONEOK Inc.(OKE)
ONEOK, Inc., a diversified energy company, operates as a natural gas distributor primarily in the United States. The company operates in three segments: ONEOK Partners, Distribution, and Energy Services. The ONEOK Partners segment engages in gathering, processing, fractionating, transporting, storing, and marketing natural gas and natural gas liquids (NGL) principally in the Mid-Continent and Rocky Mountain regions, which include Anadarko Basin of Oklahoma, Fort Worth Basin of Texas, Hugoton and Central Kansas Uplift Basins of Kansas, Williston Basin of Montana, and North Dakota and the Powder River Basin of Wyoming. This segment offers its services to oil and gas production companies; natural gas gathering and processing companies; petrochemical, refining, and NGL marketing companies; Local distribution companies (LDCs) and power generating companies; and natural gas marketing and NGL gathering companies, and propane distributors. The Distribution segment provides natural gas distribution services to residential, commercial, industrial, and transportation customers, as well as public authority customers, such as cities, governmental agencies, and schools in Oklahoma, Kansas, and Texas. The Energy Services segment delivers physical natural gas products and risk management services through its network of contracted transportation and storage capacity, and natural gas supply. This segment?s customers primarily comprise LDCs, electric utilities, and industrial end users. The company was founded in 1906 and is headquartered in Tulsa, Oklahoma.
Advisors' Opinion:- [By Travis Hoium]
What: Shares of natural gas company ONEOK (NYSE: OKE ) jumped 21% today after announcing a spin-off.
So what: The company is spinning off its natural gas distribution business in an effort to build more focused companies. Investors will maintain their shares in ONEOK and get a stake in the new company through a stock dividend. The exact dividend distribution has not yet been determined and management expects to close the deal in the first quarter of next year. �
- [By David Dittman]
Question: Hi. What do you think about Williams Companies (NYSE: WMB) and ONEOK Inc (NYSE: OKE)? They both seem to be increasing their dividends.
Answer: Williams just completed a big deal for Access Midstream Partners LP that will add to cash flow and provide more room for dividend growth. Part of the deal in fact includes a 32 percent payout increase. This is a classic invest-to-grow story. I like Williams under 60.
ONEOK is now a pure-play general partner, its asset being a 41 percent interest in ONEOK Partners LP (NYSE: OKS) and its gathering/processing/transporting assets from key US gas-producing fields. Management has guided to solid dividend growth for the next half-decade. I like ONEOK on dips to 66. - [By John Divine]
Lastly, shares of utilities company ONEOK (NYSE: OKE ) shed 6.8% after Morgan Stanley�downgraded shares from overweight to equal weight, lowering its price target to $53 per share. The downgrade comes after an earnings report that showed a nearly 6% earnings spike as natural gas became more popular. So even as revenue advanced nearly 4%, the fact that the number was more than 7% below forecasts added downward pressure on the stock.�
Top 10 Dividend Companies To Own In Right Now: Leggett & Platt Incorporated(LEG)
Leggett & Platt, Incorporated designs and produces various engineered components and products worldwide. Its Residential Furnishings segment offers bedding components, such as innersprings and wire forms; furniture components, including steel mechanisms, springs, seat suspensions, steel tubular seat frames, bed frames, ornamental beds, and power foundations; and structural fabrics, carpet underlay materials, and geo components. This segment serves manufacturers of finished bedding products or upholstered furniture. The company?s Commercial Fixturing & Components segment provides shelving, counters, showcases, and garment racks; standardized shelvings; point-of-purchase displays; and bases, columns, back rests, casters, and frames. This segment offers its products to retail chains and specialty shops; brand name marketers; distributors of consumer products; and office, institutional, and commercial furniture manufacturers. Its Industrial Materials segment provides steel rod s, drawn wires, steel billets, fabricated wire products, welded steel tubing, and fabricated tube components to bedding and furniture, and mechanical spring makers; automotive seating, and lawn and garden equipment manufacturers; and waste recyclers, waste removal businesses, and medical supply businesses. The company?s Specialized Products segment offers manual and power lumbar support and massage systems; seat suspension systems; automotive control cables; low voltage motors; actuation assemblies; formed metal and wire components; quilting machines; machines for shaping wire into springs; industrial sewing/finishing machines; van interiors; and docking stations, as well as specialty trailers for telephone, cable, and utility companies. It serves bedding and automobile seating manufacturers. The company sells its products through its sales representatives and distributors. Leggett & Platt, Incorporated was founded in 1883 and is based in Carthage, Missouri.
Advisors' Opinion:- [By Anna Prior]
Leggett & Platt Inc.(LEG) said its expects to post a $108 million write-down of its store-fixtures business in the second quarter and has hired an investment banker to look into strategic options for the segment, including a potential sale.
- [By Oliver Pursche]
I think the first step will be an increase in share-buybacks and an increase in dividends. As such, I am once again overweighting large-cap multinationals, including some great European names. My favorites include Novartis (NVS) , Legget and Platt (LEG) and Visa (V) .� Of course, the potential risk is that the cash horde remains and even grows, likely creating a deeper negative interest rate environment ��something that surely would be damaging to our economy.
- [By Holly LaFon]
Leggett & Platt (LEG) is a leading manufacturer of engineered products and components. As the pioneer of steel coil springs found in mattresses and furniture, the company continues to supply a variety of components to bedding and furniture manufacturers. Additionally, Leggett & Platt's broader product line includes retail store fixtures, office furniture components, automotive seating components and industrial steel wire and tubing. Customers choose Leggett & Platt as a supplier because the company's manufacturing scale and processes result in lower costs than customers can produce themselves. We believe earnings should grow based on the contribution of new products, cost reduction efforts and the improving housing market. Moreover, future dividend growth appears likely based on a 42-year record of dividend increases. We believe Leggett & Platt is an attractive investment based on its 3.8% dividend yield and positive growth outlook.
Top 10 Dividend Companies To Own In Right Now: Rogers Communication Inc.(RCI)
Rogers Communications, Inc. operates as a communications and media company in Canada. The company?s Wireless segment provides wireless voice and data communications services. It operates a global system for mobile communications and general packet radio service network. This segment markets its products and services under Rogers Wireless, Fido, and chatr brands. Its Cable segment offers cable television, high-speed Internet access, and cable telephony services. As of December 31, 2010, this segment provided digital cable services to approximately 1.7 million households; Internet service to approximately 1.7 million residential subscribers; and residential circuit-switched telephony services to approximately a million subscribers. This segment also offers local and long-distance telephone, enhanced voice and data services, and IP access. In addition, this segment operates a retail distribution chain consisting of approximately 400 stores that provide cable services and digi tal and Internet equipment, as well as offers digital video disc and video game sales and rentals. The company?s Media segment publishes magazines, trade and professional publications, and directories, as well as operates 55 radio stations in Canada; multicultural OMNI broadcast television stations; the 5 station Citytv television network; specialty sports television services, including Rogers Sportsnet, Sportnet ONE, and Setanta Sports Canada; specialty services, which comprise Outdoor Life Network, The Biography Channel Canada, and G4 Canada; and televised shopping service, The Shopping Channel. It also holds an ownership in a mobile sports and events production and distribution joint venture; delivers content and conducts ecommerce through the Internet; and owns Blue Jays, a League Baseball club, as well as Rogers Centre sports and entertainment venue. The company was founded in 1920 and is based in Toronto, Canada.
Advisors' Opinion:- [By Dan Caplinger]
The big news for Madison Square Garden has been the success of its key sports franchises. The New York Knicks basketball team made the playoffs and earned the No. 2 seed in the Eastern Conference. Even more importantly, the long-delayed National Hockey League season finally got going in January, helping resurrect what many had feared would be a lost season, sending shares of MSG, as well as Canadian venue/team-owners Rogers Communications (NYSE: RCI ) and BCE (NYSE: BCE ) , higher. As it turned out, MSG's New York Rangers made the playoffs and will go up against the Washington Capitals in the first round. Playoffs are an especially lucrative time for sports viewership, and usually translate into extra profits for the company's broadcast businesses.
- [By Victor Selva]
The company has a current ratio of 13.45% which is higher than the one registered by Liberty Interactive Corp (LINTA). But for investors looking for a higher ROE, Time Warner Cable, DISH Network Corp (DISH), Rogers Communications, Inc. (RCI), Shaw Communications, Inc. (SJR) and Tivo, Inc. (TIVO) could be better options.
Top 10 Dividend Companies To Own In Right Now: Windstream Corporation(WIN)
Windstream Corporation provides communications and technology solutions in the United States. The company offers various solutions, including IP-based voice and data services, multiprotocol label switching (MPLS) networking, data center and managed services, hosting services, and communications systems to businesses and government agencies. It also provides high-speed Internet, voice, and digital television services to residential customers primarily located in rural areas. The company?s data services include data center and managed hosting, MPLS networking, and dedicated access, as well as high-speed Internet to business customers; integrated solutions consist of multiple voice and data services delivered over an IP connection; voice services comprise local and long distance, call waiting, caller identification, and voicemail; and special access services include point-to-point switching arrangements for voice and data traffic. In addition, it provides wholesale services, which primarily include voice and data services on a wholesale basis to other carriers; usage sensitive services to long distance companies; and other local exchange carriers for access to the network in connection with the completion of long-distance calls, as well as reciprocal compensation received from wireless and other local connecting carriers for the use of its facilities. As of June 30, 2011, the company served approximately 3.3 million access lines, 1.3 million high-speed Internet customers, and operated approximately 60,000 fiber route miles. Windstream Corporation is based in Little Rock, Arkansas.
Advisors' Opinion:- [By Lisa Levin]
Windstream Holdings (NASDAQ: WIN) shares gained 0.43% to touch a new 52-week high of $9.24. Windstream's trailing-twelve-month ROE is 22.79%.
The WhiteWave Foods Company (NYSE: WWAV) surged 1.57% to reach a new 52-week high of $31.07. WhiteWave Foods shares have jumped 61.25% over the past 52 weeks, while the S&P 500 index has gained 14.97% in the same period.
- [By Anders Bylund]
So even after all the hacking and slashing, France Telecom's yield is orders of magnitude richer than American contemporaries AT&T (NYSE: T ) and Verizon (NYSE: VZ ) . It's fully comparable to the high-yield payouts of rural American telecoms such as CenturyLink (NYSE: CTL ) and Windstream (NASDAQ: WIN ) , but with the added bonus of growth plans in emerging markets. The French stock strikes a unique balance between generous yields, large-scale operations, and vibrant growth plans.
Top 10 Dividend Companies To Own In Right Now: Pacific Gas & Electric Co.(PCG)
PG&E Corporation, through its subsidiaries, operates as a public utility company that engages in electricity and natural gas distribution primarily in northern and central California. The company also involves in the generation, procurement, transmission, and distribution of electricity; and procurement, transportation, storage, and distribution of natural gas. It owns and operates electricity generation facilities, transmission and distribution lines, and substations; and an integrated natural gas transportation, storage, and distribution system, as well as has underground natural gas storage fields in California. The company serves residential, commercial, industrial, agricultural, public street and highway lighting, and other electric utility customers. As of December 31, 2009, it served approximately 5.1 million electricity distribution customers and approximately 4.3 million natural gas distribution customers. The company also operated 18,650 circuit miles of intercon nected transmission lines and 141,213 circuit miles of distribution lines for electricity; and 42,142 miles of distribution pipelines, 6,438 miles of backbone and local transmission pipelines, and 3 storage facilities for natural gas. PG&E Corporation was founded in 1905 and is based in San Francisco, California.
Advisors' Opinion:- [By Myra P. Saefong , Sital S. Patel]
PCG: PG&E Corp. (PCG) �shares lost 4%. The utility said late Thursday that it expects the federal government to bring criminal charges against it over the fatal 2010 San Bruno, Calif. natural-gas transmission pipeline blast.
- [By Alyce Lomax]
Even massive conglomerate Honeywell (NYSE: HON ) has delved into the demand response and energy efficiency arena. In March, Honeywell teamed up with Opower to provide an integrated energy management platform with five utilities, including PG&E (NYSE: PCG ) , to test-drive the relatively untapped residential market.
- [By Richard Stavros]
At present, when looking at the top five utilities with the largest capital expenditure programs, we found many firms were barely exceeding their cost of capital, while there were a few that weren’t. According to Bloomberg analytics, those that earned above their cost of capital were: Duke Energy Corp (NYSE: DUK) (1.32 percent), American Electric Power (1.12 percent), NextEra (0.64 percent) and Southern Company (2.94 percent), while those firms not earning their cost of capital were Dominion (-2.27 percent) and PG&E Corp (NYSE: PCG) (-0.36 percent).
- [By David Dittman]
Answer: I don’t anticipate a spate of dividend cuts. FirstEnergy Corp’s (NYSE: FE) problems were apparent last fall, when it announced 2013 Q3 numbers. We do have TECO Energy Inc (NYSE: TE) and PG&E Corp (NYSE: PCG) on the UF Dividend Watch List, though the latter is in a much more precarious position than the former.
The regulatory environment is generally improving, as state and federal authorities are beginning to recognize the investment utilities have made over the past half-decade in system reliability and capacity expansion.
Another key supporting dividends is a healthier US economy, which should support better power demand from commercial and industrial customers.
Top 10 Dividend Companies To Own In Right Now: Abbott Laboratories(ABT)
Abbott Laboratories engages in the discovery, development, manufacture, and sale of health care products worldwide. The company offers adult and pediatric pharmaceuticals for rheumatoid and psoriatic arthritis, ankylosing spondylitis, psoriasis, and Crohn's disease; dyslipidemia; HIV infection; prostate cancer, endometriosis and central precocious puberty, and anemia caused by uterine fibroids; respiratory syncytial virus; adult males who have low or no testosterone; secondary hyperparathyroidism; hypothyroidism; and pancreatic exocrine insufficiency, as well as anesthesia products. It also provides diagnostic products, such as immunoassay systems; chemistry systems; assays used for screening and/or diagnosis for drugs of abuse, cancer, therapeutic drug monitoring, fertility, physiological, and infectious diseases; instruments that automate the extraction, purification, and preparation of DNA and RNA from patient samples, and detect and measure infections agents; genomic-b ased tests; hematology systems and reagents; and point-of-care diagnostic systems and tests for blood analysis. In addition, the company offers a line of pediatric and adult nutritional products. Further, it provides coronary, endovascular, vessel closure, and structural heart devices, such as drug-eluting stent systems, coronary metallic stents, balloon dilatation products, coronary guidewires, vessel closure devices, carotid stent systems, percutaneous valve repair systems, and drug eluting bioresorbable vascular products. Additionally, the company provides blood glucose monitoring meters, test strips, data management software, and accessories for people with diabetes; and medical devices for the eye, including cataract surgery, lasik surgery, contact lens, and dry eye products, as well as branded generic pharmaceutical products. Abbott primarily serves retailers, wholesalers, hospitals, and health care facilities. Abbott was founded in 1888 and is headquartered in Abbott Park, Illinois.
Advisors' Opinion:- [By Mike Deane]
On Friday morning it was announced that Abbott Labs (ABT) had made a definitive agreement to acquire CFR Pharmaceuticals, a Latin American pharmaceutical company.
The acquisition will more than double Abbott’s Latin American branded generics presence. Abbott Labs will be acquiring the holding company that owns 73% of CFR, and will conduct a public cash tender offer for the remaining shares of the company. If all publicly traded shares are bought, the deal will be worth $2.9 billion, plus the assumption of approximately $430 million in net debt. Abbott expects to add $900 million in sales in the first full year after acquisition, and expects double-digit sales growth in the years following.
Abbott chairman and CEO�Miles D. White�had the following comments about the acquisition:�“With its scale and leadership positions in the region, strong commercial and development organizations, well-respected leadership team and a trusted portfolio of recognized brands, CFR is one of the leading branded generic companies in Latin America. This acquisition will significantly enhance and broaden Abbott’s Latin American footprint, and is well aligned with our long-term strategy and commitment to fast-growing markets.”
For more on pharmaceutical companies, check out:�How Much Dividend-Paying Drug Makers Spend on Research and Development
Abbott stock was inactive in pre-market trading. YTD, the stock is up 2.64%.
ABT Dividend SnapshotAs of Market Close on May 15, 2014
Click here to see the complete history of ABT dividends.
- [By Keith Speights]
1. Medical device companies
Several medical device companies have already slashed jobs or are planning to do so because of Obamacare. Abbott Labs (NYSE: ABT ) began shedding the first of 1,900 jobs a few years ago. The company attributed the cuts partially to new fees and pricing pressures resulting from the Affordable Care Act.
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