Saturday, November 4, 2017

10-Year Dividend Growers with dividend increase (Oct 30 - Nov 03)


One way to identify dividend growth stocks is to look for dividend increases. Companies that pay rising dividends are likely to be financially healthy and generate consistent cash flow. I am interested in stocks with at least ten consecutive years of increasing annual regular dividend payments. Here is a list of such companies that increased their dividends last week.



BOK Financial Corporation (BOKF), +2.27% dividend increase

BOK Financial Corporation is a financial holding company. The Company offers full service banking in Oklahoma, Texas, New Mexico, Northwest Arkansas, Colorado, Arizona and Kansas/Missouri. The Company's segments include Commercial Banking, Consumer Bank...

BOK Financial Corporation has declared quarterly dividend of $0.45(+2.27% increase). It goes ex-dividend on 11/10/2017 and is payable on 11/27/2017. Annualized dividend is $1.76 at a yield of 2.03%. BOK Financial Corporation has a dividend growth rate of 4.00% (3 Year Average) and has 12 Years of Consecutive Dividend Growth.

BOK Financial Corporation has a twelve month trailing (TTM) earnings per share (EPS) of $4.58, which gives it a dividend payout ratio of 36.90%. The predicted earnings per share for 2018 is $5.46. Earnings per share is further expected to grow by 8.00% annually over the next five years. EPS has grown by -3.30% in the last 5 years. The cash per share is $65.79. Using cash per share we can compute the dividend payout ratio as 2.68%. BOK Financial Corporation has a market capitalization of $5.62B. It has a P/E ratio of 18.95. (Forward P/E: 15.91). BOK Financial Corporation has a beta of 1.01 and is 1% more volatile than the overall market. Analyst consensus target price is $90.00. Using the forward P/E ratio of 15.91 and forward earnings per share of $5.46 we can compute the fair value of stock as $86.87


Spectra Energy Partners, LP (SEP), +2.82% dividend increase

Spectra Energy Partners, L.P. through its subsidiaries and equity affiliates, is engaged in the transmission, storage and gathering of natural gas, the transportation and storage of crude oil, and the transportation of natural gas liquids. Its segments ...

Spectra Energy Partners, LP has declared quarterly dividend of $0.73(+2.82% increase). It goes ex-dividend on 11/10/2017 and is payable on 11/29/2017. Annualized dividend is $2.86 at a yield of 6.71%. Spectra Energy Partners, LP has a dividend growth rate of 9.20% (3 Year Average) and has 10 Years of Consecutive Dividend Growth.

Spectra Energy Partners, LP has a twelve month trailing (TTM) earnings per share (EPS) of $2.83, which gives it a dividend payout ratio of 96.40%. The predicted earnings per share for 2018 is $3.20. Earnings per share is further expected to grow by 7.85% annually over the next five years. EPS has grown by -13.30% in the last 5 years. The cash per share is $0.50. Using cash per share we can compute the dividend payout ratio as 570.0%. Spectra Energy Partners, LP has a market capitalization of $13.10B. It has a P/E ratio of 15.06. (Forward P/E: 13.33). Spectra Energy Partners, LP has a beta of 0.66 and is 34% less volatile than the overall market. Analyst consensus target price is $49.73. Using the forward P/E ratio of 13.33 and forward earnings per share of $3.20 we can compute the fair value of stock as $42.66






Vectren Corporation (VVC), +7.14% dividend increase

Vectren Corporation (Vectren) is an energy holding company. The Company segregates its operations into groups, including the Utility Group, the Nonutility Group, and Corporate and Other. The Company's subsidiary, Vectren Utility Holdings, Inc. (Utility ...

Vectren Corporation has declared quarterly dividend of $0.45(+7.14% increase). It goes ex-dividend on 11/14/2017 and is payable on 12/1/2017. Annualized dividend is $1.68 at a yield of 2.51%. Vectren Corporation has a dividend growth rate of 4.40% (3 Year Average) and has 57 Years of Consecutive Dividend Growth.

Vectren Corporation has a twelve month trailing (TTM) earnings per share (EPS) of $2.70, which gives it a dividend payout ratio of 61.40%. The predicted earnings per share for 2018 is $2.81. Earnings per share is further expected to grow by 6.00% annually over the next five years. EPS has grown by 8.10% in the last 5 years. The cash per share is $0.13. Using cash per share we can compute the dividend payout ratio as 1292.31%. Vectren Corporation has a market capitalization of $5.56B. It has a P/E ratio of 24.79. (Forward P/E: 23.83). Vectren Corporation has a beta of 0.84 and is 16% less volatile than the overall market. Analyst consensus target price is $65.50. Using the forward P/E ratio of 23.83 and forward earnings per share of $2.81 we can compute the fair value of stock as $66.96


Dividend increases October 23 - October 27








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