High Yielding Philip Morris International’s Growth Runway Remains Intact
July 27, 2022
Image Shown: Shares of Philip Morris International moved higher in the wake of its second quarter earnings report. By Callum Turcan Philip Morris International Inc (PM) reported second quarter 2022 earnings that beat both consensus top- and bottom-line estimates. The company raised its full-year revenue and adjusted EPS guidance for 2022 on a pro forma basis (excluding its operations in Russia and Ukraine) versus previous estimates in conjunction with its latest earnings update. Now Philip Morris International expects to generate 6%-8% net revenue growth on an organic basis and 10%-12% diluted EPS growth in 2022 versus 2021 levels (these are non-GAAP metrics). We include Philip Morris International in the High Yield Dividend Newsletter portfolio as we are big fans of
Lockheed Martin Facing Near Term Headwinds; Longer Term Outlook Remains Bright
July 27, 2022
Image Source: Lockheed Martin Corporation – Second Quarter of Fiscal 2022 IR Earnings Presentation By Callum Turcan Lockheed Martin Corporation (LMT) reported earnings for the second quarter of fiscal 2022 (period ended June 26, 2022) that missed consensus top- and bottom-line estimates, largely due to delays in securing another domestic F-35 contract and supply chain hurdles. In our view, these are near term headwinds that are resolvable. Reportedly, Lockheed Martin is nearing a deal worth ~$30 billion with the US Department of Defense (‘DoD’) covering orders for around 375 F-35 aircraft. As it concerns supply chain hurdles, the resumption of normal economic activities (as the worst of the COVID-19 pandemic is put behind the world economy) should steadily allow industrial
Johnson & Johnson’s Underlying Performance Remains Strong
July 26, 2022
Image Source: Johnson & Johnson – Second Quarter of 2022 IR Earnings Presentation By Callum Turcan Johnson & Johnson (JNJ) reported second quarter 2022 earnings that beat both top- and bottom-line estimate consensus estimates. Johnson & Johnson maintained the midpoints of its full-year non-GAAP adjusted operational sales and earnings per share guidance during its latest earnings update but reduced its reported sales and earnings guidance due to headwinds stemming from a strengthening US dollar. We continue to like Johnson & Johnson as an idea in both the Best Idea Newsletter and Dividend Growth Newsletter portfolios. Shares of JNJ yield ~2.6% as of this writing. Please note that Johnson & Johnson is in the process of spinning off its ‘Consumer Health’
High-Yielding Life Storage Is One of Our Favorite Self-Storage REITs
July 25, 2022
Image Source: Life Storage Inc – First Quarter of 2022 Earnings Press Release By Callum Turcan We are big fans of the self-storage industry as real estate investment trusts (‘REITs’) operating in this space have historically generated “excess” free cash flows after covering their total dividend obligations. Life Storage Inc (LSI), a self-storage REIT, is one of our favorite income generation ideas. As of this writing, shares of LSI yield ~3.9% after Life Storage pushed through a nice 8% sequential increase in its dividend in July 2022, bringing its quarterly payout up to $1.08 per share ($4.32 on an annualized basis). During the past decade, Life Storage’s dividend growth track record has impressed (its quarterly payout has more than tripled
UnitedHealth Group Beats Estimates and Once Again Raises Guidance
July 20, 2022
Image Shown: Shares of dividend growth idea UnitedHealth Group Inc moved higher by ~5% during normal trading hours on July 15 after reporting a stellar earnings update. The health care giant once again raised its full-year earnings guidance for 2022 in conjunction with its latest earnings update. Shares of UNH have held up quite well year-to-date in the face of volatile capital markets. By Callum Turcan On July 15, UnitedHealth Group Inc (UNH) reported second quarter 2022 earnings that beat both consensus top- and bottom-line estimates. The health care giant also boosted its non-GAAP adjusted EPS guidance to $21.40-$21.90 for 2022, up from $21.20-$21.70 previously, in conjunction with it second quarter earnings update. Please note that this is the second
Dividend Increases/Decreases for the Week of July 15
July 15, 2022
Below we provide a list of firms that raised their dividends during the week ending July 15. 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 Alta Equipment (ALTG): now $0.057 per share quarterly dividend. Bank of New York Mellon (BK): now $0.37 per share quarterly dividend, was $0.34. Bassett Furniture (BSET): now $0.16 per share quarterly dividend, was $0.14. Clorox (CLX): now $1.18 per share quarterly dividend, was $1.16. Cummins (CMI): now $1.57 per share quarterly dividend, was $1.45. Duke Energy (DUK): now $1.005 per share quarterly dividend, was $0.985.
Dividend Increases/Decreases for the Week of July 8
July 8, 2022
Below we provide a list of firms that raised their dividends during the week ending July 8. 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 BP Prudhoe Bay Royalty Trust (BPT): now $1.405 per share quarterly dividend, was $1.087. CBL Properties (CBL): now $0.25 per share quarterly dividend, was $0.075. CF Bankshares (CFBK): now $0.05 per share quarterly dividend, was $0.04. Crescent Point Energy (CPG): now CAD 0.08 per share quarterly dividend, was CAD 0.07. Dr. Reddy’s (RDY): now INR 30.00 per share annual dividend, was INR 25.00. Enterprise Products
