Meredith is in Transition, But 25-year Dividend Growth Streak Continues

Meredith (MDP) is one of the nation's oldest media and publishing companies, having been founded in 1902 as an agricultural publisher. More impressively, the firm has paid uninterrupted dividends for 71 consecutive years and has increased its dividend in each of the last 25 years. At its core, Meredith provides consumers with the content they want by leveraging print, digital, mobile, video, and broadcast TV media platforms. Advertising is the company's largest source of revenue. Meredith organizes its various media businesses into two segments: Local Media (31% of sales, 66% of operating profits): owns 17 local TV stations including: seven CBS affiliates, five FOX affiliates, two MyNetworkTV affiliates, one NBC affiliate, one ABC affiliate, and two independent stations. This segment also [...]

November 8th, 2018|

Occidental Petroleum Offers High Yield and has Paid Uninterrupted Dividends Since 1991

Founded in 1920, Occidental Petroleum (OXY) is an international exploration and development (E&D) company with operations in North America, Latin America, and the Middle East. The firm's production is somewhat balanced across oil (64% of total production), gas (21%), and natural gas liquids (15%). Occidental is also geographically diverse with about half of its energy production taking place in international markets. The company has three business segments: Oil and Gas (21% of 2018 cash flow): explores for, develops, and produces oil and condensate, natural gas liquids (NGLs), and natural gas. Occidental's upstream operations are located across New Mexico, Texas, Colombia, Oman, Qatar, and the United Arab Emirates. Chemical (34% of 2018 cash flow): manufactures basic chemicals and vinyls, including chlorine, caustic soda, [...]

November 7th, 2018|

Is AbbVie’s Dividend Safe?

It's been a brutal year for dividend aristocrat AbbVie (ABBV), which has seen its share price plunge more than 30% from its all-time high. As a result, the stock's yield is now at a record high of 5.2%, and shares trade at just 9.9 times forward earnings. Whenever a dividend stock's price crashes this severely, income investors naturally want to know whether it could be a great buying opportunity or is the market's way of warning that the payout may no longer be safe. At the very least, such severe price declines can signal that a company's long-term thesis is broken. Let's take a look at why the market has been so bearish on AbbVie and whether this high-yield stock [...]

November 6th, 2018|

Reviewing Energy Transfer LP’s Income Appeal

Founded initially in 2002, Energy Transfer LP (ET) was formed out of the $27 billion all-stock merger of MLP Energy Transfer Partners (ETP) and its sponsor Energy Transfer Equity (ETE) in October 2018. Energy Transfer is one of the largest integrated midstream MLPs in America. The firm owns a sizable network of assets that gather, process, transport, and export oil, gas, and natural gas liquids (NGLs), as well as liquified natural gas (LNG).

November 6th, 2018|
Load More Posts