Cisco Systems Expects Its Growth Trajectory Will Resume in Earnest This Fiscal Year
August 27, 2022
Image Shown: Cisco Systems Inc is incredibly shareholder friendly. Image Source: Cisco Systems Inc – Fourth Quarter of Fiscal 2022 IR Earnings Presentation By Callum Turcan Cisco Systems Inc (CSCO) reported fourth quarter earnings for fiscal 2022 (period ended July 30, 2022) that beat both consensus top- and bottom-line estimates. The networking hardware and software provider also issued promising guidance for fiscal 2023 that Wall Street appreciated. Cisco Systems is steadily putting supply chain hurdles (with an eye towards a shortage of semiconductor components and transportation bottlenecks) behind it and its growth outlook is starting to improve as a result. We continue to like shares of CSCO as an idea in both the Best Ideas Newsletter and Dividend Growth Newsletter
Dividend Increases/Decreases for the Week of August 26
August 26, 2022
Below we provide a list of firms that raised their dividends during the week ending August 26. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week AEGON (AEG): now EUR 0.11 per share semi-annual dividend, was EUR 0.09. Alpine Income Property Trust (PINE): now $0.275 per share quarterly dividend, was $0.270. Altria (MO): now $0.94 per share quarterly dividend, was $0.90. AngloGold Ashanti (AU): now $0.2935 per share quarterly dividend, was $0.1484. Atrion (ATRI): now $2.15 per share quarterly dividend, was $1.95. Capital City Bank (CCBG): now $0.17 per share quarterly
Dividend Growth Idea Dick’s Sporting Goods Beats Estimates, Raises Guidance
August 25, 2022
Image Shown: Shares of Dick’s Sporting Goods Inc have been on a nice upward climb of late. The sporting goods retailer raised its full-year guidance for fiscal 2022 during its fiscal second quarter earnings report. By Callum Turcan On August 23, Dick’s Sporting Goods Inc (DKS) reported second quarter earnings for fiscal 2022 (period ended July 30, 2022) that beat both consensus top- and bottom-line estimates. The sporting goods retailer also raised its full-year guidance for fiscal 2022 in conjunction with the report, after previously lowering its guidance during its fiscal first quarter earnings update in May 2022. We continue to like Dick’s Sporting Goods as an idea in the Dividend Growth Newsletter portfolio. Shares of DKS yield ~1.8% as
Dividend Growth Idea Qualcomm Growing at a Robust Clip
August 25, 2022
Image Shown: Dividend growth idea Qualcomm Inc put up strong performance last fiscal quarter. Image Source: Qualcomm Inc – Third Quarter of Fiscal 2022 Earnings Press Release By Callum Turcan Qualcomm Inc (QCOM) recently reported third quarter earnings for fiscal 2022 (period ended June 26, 2022) that beat both consensus top- and bottom-line estimates. The company provided guidance for the fiscal fourth quarter that was a tad lighter than what Wall Street was looking for, though its near term forecasts still call for substantial revenue and earnings growth on a year-over-year basis. We like Qualcomm as an idea in the Dividend Growth Newsletter portfolio given its stellar free cash flow generating abilities, healthy balance sheet, pricing power, bright growth outlook,
Public Storage Is One of Our Income Generation Favorite Ideas
August 19, 2022
Image Shown: Shares of Public Storage, one of our favorite income generation ideas, have boomed higher over the past five years with room for additional upside. By Callum Turcan Public Storage (PSA) reported second quarter 2022 earnings that missed consensus top-line estimates but beat consensus bottom-line estimates as the self-storge industry in the US continues to benefit from robust demand. Surging home prices have made many households turn to self-storage options as an economical way to maximize their living space. During its second quarter earnings update, Public Storage also moderately raised its full-year guidance for 2022 which we appreciate. We are huge fans of Public Storage as the real estate investment trust (‘REIT’) is able to generate sizable “excess” free
Dividend Growth Idea Home Depot Beats Estimates, Maintains Guidance
August 19, 2022
Image Shown: Dividend growth idea Home Depot Inc is a stellar free cash flow generator in almost any operating environment. Historically, the home improvement retailer’s free cash flows have fully covered its dividend obligations, and we forecast that will continue to be the case going forward. However, we caution that its sizable share repurchases are being funded in part by its balance sheet. The firm has a large net debt load on the books. Image Source: Home Depot Inc – Second Quarter of Fiscal 2022 IR Earnings Presentation By Callum Turcan On August 16, Home Depot Inc (HD) reported second-quarter earnings for fiscal 2022 (period ended July 31, 2022) that beat both consensus top- and bottom-line estimates. The home improvement
Disney’s Theme Parks and Resorts Benefiting from Pent-Up Demand
August 17, 2022
Image Shown: The Walt Disney Company posted a rock-solid earnings report for the period ended July 3 as its business benefited from pent up demand for its theme parks and resorts offerings. Image Source: The Walt Disney Company – Third Quarter of Fiscal 2022 Earnings Press Release By Callum Turcan On August 10, The Walt Disney Company (DIS) reported third quarter earnings for fiscal 2022 (period ended July 3, 2022) that beat both consensus top- and bottom-line expectations. Its theme parks and reports business came roaring back from the worst of the COVID-19 pandemic while its video streaming services continued to add millions of paid subscribers to their customer bases. Shares of DIS have surged higher in recent weeks, and
Stocks Surge: Strong S&P 500 Earnings Growth Expected, Headline Scares With Inflation Tamed, Interest Rates Still Low
August 14, 2022
Image Source: BLS. The pace of inflation looks like it may slow down considerably in 2023 as sequential monthly increases pause their advance. The Consumer Price Index (CPI-U), seasonally adjusted, paused its advance during the month of July, and the markets have generally reacted positively to the news. We’re reiterating our view that inflation is not necessarily bad for the markets over the long haul, and while it may take some time for companies to sort out higher prices across their input bases, inflation is not a new challenge for the markets at all, and the best way for investors to combat inflationary tendencies, by and large, is via stocks, which generate nominal earnings, whose equity prices are quoted nominally,
