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Recent Articles
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Altria Continues to Expect Adjusted Earnings Per Share Expansion
Apr 30, 2025
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Image: Altria’s shares have recovered nicely since the beginning of 2024.
In the first quarter, Altria bought back 5.7 million shares at an average price of $56.97, for a total cost of $326 million. The company still has $674 million remaining under its share repurchase program, which it expects to complete by the end of the year. Altria paid $1.7 billion in dividends in the quarter, and the firm maintained its current outlook. Management continues to expect to deliver a full-year 2025 adjusted diluted earnings per share growth rate of 2%-5% versus 2024. The growth rate represents adjusted diluted earnings per share in the range of $5.30-$5.45 from a base of $5.19 in 2014. We continue to like Altria as an idea in the High Yield Dividend Newsletter portfolio.
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Visa’s Free Cash Flow Generation Remains Phenomenal
Apr 30, 2025
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Image: Visa continues to translate a high percentage of revenue into free cash flow generation.
Visa’s payments volume increased 8% in the fiscal second quarter, while cross border volume increased 13%. Processed transactions increased 9% from the same period a year ago. For the six months ended March 31, net cash provided by operating activities came in at $10.1 billion, up from $8.2 billion over the same period last year. Capital expenditures were $672 million over the six month period, up from $548 million in the year-ago period. Free cash flow for the six months ended March 31 was $9.4 billion, or 49.3% of total revenue. We continue to be fans of Visa’s business model and strong free cash flow generation.
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Republic Services Continues to Price Ahead of Inflation
Apr 30, 2025
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Image: Republic Services’ shares have done quite well the past few years.
Republic Services reported net income of $1.58 per diluted share in the first quarter, up from $1.44 per share in last year’s quarter. Adjusted EBITDA came in at $1.27 billion, while its adjusted EBITDA margin expanded 140 basis points from the prior year. The garbage hauler generated cash flow from operations of $1.025 billion and adjusted free cash flow of $727 million. In the quarter, cash returned to shareholders was $226 million, which included $45 million of share repurchases and $181 million of dividends paid. We continue to like Republic Services in the newsletter portfolios.
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View Current and Archived Dividend Growth Newsletters
Apr 29, 2025
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View previous editions of the Dividend Growth Newsletter in this article. At Valuentum, we seek to deliver to our subscribers the best dividend growth ideas, and our Dividend Growth Newsletter does just that for dividend growth investors. The Dividend Growth Newsletter portfolio puts into practice our rigorous valuation and dividend growth frameworks. The Dividend Growth Newsletter portfolio is generally found on page 5 of each edition.
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