Edison International
06 марта, 11:39

Dividends by the Numbers in February 2018

When it comes to the number of dividend increases declared during a single month, the U.S. stock market just recorded its best February ever. As an important caveat, "best February ever" refers to a data series that only extends back to January 2004, where there are only 15 Februaries to consider. Still, what makes the month more remarkable is that it also posted the third highest monthly total of declared dividend raises that have been recorded in the 170 months for which we do have this kind of data! Let's get to the dividend numbers for February 2018: 3,493 U.S. firms declared dividends during the shortest month of 2018, up from the 2,734 that did in January 2018 and also up from the 3,359 that declared dividends a year earlier in February 2017. 38 companies announced that they would pay an extra, or special, dividend payment to their shareholders in February 2018, down from 51 last month, but up from the 35 that did in the same month a year ago. We've touched on February 2018 being a record setting month already, but to put numbers to it, there were 322 U.S. companies that announced that they would increase their dividends, which is up from the 318 that boosted their dividends in January 2018 and up significantly from the 287 that hiked their dividends back in February 2017. The number of U.S. firms announcing that they would be reducing their dividends dropped to 20 in February 2018, which is down from the 36 dividend cuts declared a month earlier and also down from the 35 dividend cutters reported in February 2017. There were 9 U.S. firms omitting to pay dividends for the month, which is up from the 1 firm that declined to pay dividends in Janaury 2018 and also up from the 4 companies that omitted paying dividends to their shareholders back in February 2017. The increase in companies omitting their dividends is interesting, so we tapped the limited sample of dividend declarations recorded by Seeking Alpha and the Wall Street Journal for February to try to get more insight into what kinds of firms are passing on paying dividends to shareholders. We found just one report in the sample, for Frontier Communications (NASDAQ: FTR), who reported after the end of trading on Tuesday, 27 February 2018 that they would suspend paying their dividend to use the $250 million they would otherwise have paid out to reduce their corporate debt. Just for fun, here's what happened to the company's stock price the next day.... It's not often you get to see a company whack 24% off its market capitalization with a single action. It's a painful thing, which is, of course, why company CEOs and boards of directors avoid taking that step unless the business is experiencing a significant level of distress. Back in December 2017, both Pacific Gas & Electric (NYSE: PCG) and Edison International (NYSE: EIX) suspended their dividends because both utilities expect to have to pay large legal settlements related to damage caused by California's wildfires last fall. Both companies saw their stock prices plunge by similar

27 февраля, 23:11

Top Research Reports for Dominion, Enbridge & Public Storage

Top Research Reports for Dominion, Enbridge & Public Storage

23 февраля, 23:41

Edison International (EIX) Beats on Q4 Earnings, Revenues

Edison International's (EIX) fourth-quarter earnings reflect higher operating revenues.

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21 февраля, 18:00

Is a Beat in Store for Pinnacle West (PNW) in Q4 Earnings?

Pinnacle West's (PNW) fourth-quarter 2017 results to benefit from favorable economic conditions.

21 февраля, 17:50

Eversource Energy (ES) Q4 Earnings: What's in the Cards?

Eversource Energy (ES) is expected to benefit from its cost savings initiatives when it reports fourth-quarter earnings.

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21 февраля, 16:34

Why Edison International (EIX) Might Surprise This Earnings Season

Edison International (EIX) is seeing favorable earnings estimate revision activity and has a positive Zacks Earnings ESP heading into earnings season.

21 февраля, 16:25

What's in Store for Entergy (ETR) This Earnings Season?

Entergy (ETR) raised the quarterly dividend by 2.3% to 89 cents per share in Q4.

21 февраля, 16:22

Telephone and Data Systems (TDS) Earnings Preview for Q4

Telephone and Data Systems (TDS) boasts an impressive record of dividend payments. The company also focuses on diversifying its business model.

21 февраля, 16:09

Public Service Enterprise (PEG) Q4 Earnings: What's in Store?

Earlier-than-expected snowfall in December 2017 in New Jersey is expected to drive Public Service Enterprise's (PEG) Q4 results.

20 февраля, 18:22

What's in Store for CenterPoint Energy (CNP) in Q4 Earnings?

CenterPoint Energy (CNP) witnesses increased customer count during third-quarter 2017, primarily driven by the acquisition of Atmos Energy Marketing.

20 февраля, 17:33

Edison International (EIX) Q4 Earnings: A Beat in the Cards?

Edison International (EIX) surpassed the Zacks Consensus Estimate in three of the trailing four quarters, with an average surprise of 9.08%.

16 февраля, 21:52

Southern Company (SO) to Post Q4 Earnings: Hit or Miss?

Sluggish customer growth will limit Southern Company's (SO) ability to generate positive earnings surprise.

15 февраля, 16:18

Ameren (AEE) to Report Q4 Earnings: What's in the Cards?

Ameren's (AEE) earnings are likely to increase on the back of strong rate-based growth and disciplined financial management.

13 февраля, 19:20

What's in Store for Cincinnati Bell (CBB) in Q4 Earnings?

Cincinnati Bell (CBB) Q4 earnings are likely to benefit from Fioptics Internet and video subscriber gain. However, loss in local access lines and heavy capital expenses remain overhangs.

13 февраля, 17:04

First Solar to Jointly Develop a Green Project With APS

First Solar (FSLR) to develop a 50-MW battery storage project in Arizona, promoting the usage of clean energy.

26 января, 17:56

AVANGRID (AGR) Unit Brings Wind Farms Online (Revised)

AVANGRID (AGR) continues to produce more electricity from renewable sources, which is a part of the strategy to produce 1.8 GW electricity from green source within 2016-2020 time period.

25 января, 19:52

American Electric (AEP) Tops Q4 Earnings Estimates, Keeps View

American Electric's (AEP) operating income in the quarter was up by 27.1% to $420.1 million, compared to the year-ago period.

15 января, 16:39

AVANGRID Unit Brings Wind Farms Online, Lowers Emission

AVANGRID (AGR) continues to produce more electricity from renewable sources, which is part of its strategy to produce 1.8 GW electricity from green source within 2016-2020 time period.

12 января, 17:31

Edison (EIX) Unit's Projects Get Nod, Seek to Cut Pollution

Edison International (EIX) unit Southern California Edison will continue to aid in the California's plan in emission reduction and is likely to invest $14.7 billion to strengthen its operation.