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Recent Articles
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Apple’s Fiscal Fourth Quarter Report Shows Strength
Nov 1, 2024
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Image: Apple’s shares continue to flirt with all-time highs.
Apple ended the quarter with $157.7 billion of cash and marketable securities. Total debt totaled $106.6 billion at the end of the quarter. For the twelve months ended September 28, cash flow from operations advanced to $118.3 billion from $110.5 billion in last year’s period, while capital spending fell to $9.4 billion from $11 billion in the year-ago period. Free cash flow of $108.8 billion in the fiscal year easily covered the company’s cash dividends paid of $15.2 billion. Apple bought back $94.9 billion in common stock during the fiscal year. Our fair value estimate stands at $226 per share.
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Dividend Increases/Decreases for the Week of November 1
Nov 1, 2024
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Let's take a look at firms raising/lowering their dividends this week.
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Altria Reaffirms 2024 Full Year Guidance
Oct 31, 2024
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Image: Altria’s shares have recovered nicely during 2024.
Altria paid dividends of $1.7 billion and $5.1 billion during the third quarter and the first nine months, respectively. The 4.1% increase in its dividend in August marked the 59th increase during the past 55 years. Management’s guidance calls for a mid-single-digits annual increase in its per-share payout through 2028. We liked Altria’s operating income growth in its Smokeable Products segment in the quarter, and we’re fans of its plans for the dividend the next few years. Altria remains a key idea in the High Yield Dividend Newsletter portfolio.
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Booking Holdings Experiencing Strong Performance in Europe
Oct 31, 2024
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Image: Booking Holdings’ shares soar to all-time highs.
Booking’s free cash flow of $7.25 billion through the first nine months of the year is nearly 40% of revenue, showcasing its cash-rich business model. The company declared a cash dividend of $8.75 per share to stockholders of record as of the close of business December 6. The high end of our fair value estimate range for Booking Holdings stands north of $5,000. We continue to like shares as an idea in the Best Ideas Newsletter portfolio. Shares yield 0.75% at the time of this writing.
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