The board of directors of railroad products manufacturer Wabtec (NYSE: WAB ) was busy yesterday, announcing it was increasing its quarterly dividend payment by 60% while simultaneously splitting the company's stock.
The board said it was raising the payout from $0.025 per share to $0.04 per share on Aug. 30 for shareholders of record as of Aug. 16. This marks the third consecutive year Wabtec has increased the dividend.
The stock split, which will be paid�June 11�to shareholders of record�June 3, would be a�100% stock dividend and shareholders would receive one additional share of Wabtec's stock for each share they own on the record date. It expects the stock to begin trading at the split-adjusted price on�June 12.
The new dividend payment equates to a $0.16-per-share annual dividend yielding 0.1% based on the closing price of Wabtec's stock on May 14.
Hot Forestry Stocks To Invest In Right Now: Credit Suisse Group(CS)
Credit Suisse Group AG, together with its subsidiaries, operates as a financial services company. The company operates in three segments: Private Banking, Investment Banking, and Asset Management. The Private Banking segment offers advisory services and a range of wealth management solutions, including pension planning, life insurance products, tax planning, and wealth and inheritance advice for the high-net-worth and ultra-high-net-worth individuals. This segment also supplies banking products and services to affluent, high-net-worth and ultra-high-net-worth clients, and corporates and institutions. The Investment Banking segment provides investment banking and securities products and services to corporations, governments, pension funds, and institutions. Its products and services include debt and equity underwriting, sales and trading, mergers and acquisitions advice, divestitures, corporate sales, restructuring, and investment research. The Asset Management segment offe rs integrated investment solutions and services to institutions, governments, foundations and endowments, corporations, and individuals. It provides access to a range of investment classes across alternative investment, asset allocation, and traditional investment strategies. The company operates in Switzerland, Europe, the Middle East, Africa, the Americas, and the Asia Pacific. Credit Suisse Group AG was founded in 1856 and is headquartered in Zurich, Switzerland.
Advisors' Opinion:- [By MONEYMORNING.COM]
The sell-off is now overdone, however. A new report from Credit Suisse Group AG (NYSE ADR: CS) shows that biotech stocks have been greatly oversold and are poised for a rebound.
- [By MONEYMORNING.COM]
The underwriters on the deal will be Credit Suisse Group (NYSE ADR: CS), Deutsche Bank AG (NYSE: DB), Goldman Sachs Group (NYSE: GS), JPMorgan Securities (NYSE: JPM), Morgan Stanley (NYSE: MS), and Citigroup Inc. (NYSE: C).
- [By Eric Volkman]
As if the continent didn't have enough financial worries, McGraw Hill Financial's Standard & Poor's has cut its ratings on a trio of European banks. The agency notched down the long-term counterparty credit ratings for Barclays (NYSE: BCS ) , Credit Suisse (NYSE: CS ) , and Deutsche Bank (NYSE: DB ) . All were reduced to "A" from the previous "A+".�
Top 5 Railroad Companies To Invest In Right Now: Axis Capital Holdings Limited (AXS)
AXIS Capital Holdings Limited provides specialty lines insurance and treaty reinsurance products in Bermuda, the United States, Europe, Singapore, Canada, Australia, and Latin America. The company�s Insurance segment offers property insurance for commercial buildings, residential premises, construction projects, and onshore energy installations; marine insurance covering offshore energy, cargo, liability, recreational marine, fine art, specie, hull, and war; and aviation, terrorism, credit and political risk, and liability insurance. It also provides professional lines that cover directors� and officers� liability, errors and omissions liability, employment practices liability, fiduciary liability, crime, professional indemnity, and other financial insurance related coverage; and accidental death, travel, and specialty health products for employer and affinity groups, financial institutions, schools, and colleges, as well as accident and health reinsurance for catastrop hic or per life events. This segment offers its products through wholesale and retail brokers, managing general agents, and underwriters. Its Reinsurance segment provides non-life reinsurance to insurance companies, including catastrophe; property reinsurance covering property damage and related losses resulting from natural and man-made perils; professional lines; credit and bond reinsurance; and motor reinsurance providing coverage to cedants for motor liability and property damage losses. This segment also offers coverage to insurers of standard casualty business, excess and surplus casualty business, and specialty casualty programs; coverage for various types of construction risks and risks associated with the erection, testing, and commissioning of machinery and plants during the construction stage; and aviation, marine, personal accident, and crop reinsurance. AXIS Capital Holdings Limited was founded in 2001 and is headquartered in Pembroke, Bermuda.
Advisors' Opinion:- [By Dividends4Life]
Fair Value: In calculating fair value, I consider the NPV MMA Differential Fair Value along with these four calculations of fair value, see page 2 of the linked PDF for a detailed description: 1. Avg. High Yield Price 2. 20-Year DCF Price 3. Avg. P/E Price 4. Graham Number CINF is trading at a discount to only 3.) above. The stock is trading at a 36.8% premium to its calculated fair value of $34.96. CINF did not earn any Stars in this section. Dividend Analytical Data: In this section there are three possible Stars and three key metrics, see page 2 of the linked PDF for a detailed description: 1. Free Cash Flow Payout 2. Debt To Total Capital 3. Key Metrics 4. Dividend Growth Rate 5. Years of Div. Growth 6. Rolling 4-yr Div. > 15% CINF earned two Stars in this section for 1.) and 2.) above. A Star was earned since the Free Cash Flow payout ratio was less than 60% and there were no negative Free Cash Flows over the last 10 years. The stock earned a Star as a result of its most recent Debt to Total Capital being less than 45%. The company has paid a cash dividend to shareholders every year since 1954 and has increased its dividend payments for 54 consecutive years. Dividend Income vs. MMA: Why would you assume the equity risk and invest in a dividend stock if you could earn a better return in a much less risky money market account (MMA) or Treasury bond? This section compares the earning ability of this stock with a high yield MMA. Two items are considered in this section, see page 2 of the linked PDF for a detailed description: 1. NPV MMA Diff. 2. Years to > MMA The NPV MMA Diff. of the $62 is below the $500 target I look for in a stock that has increased dividends as long as CINF has. If CINF grows its dividend at 1.2% per year, it will take 5 years to equal a MMA yielding an estimated 20-year average rate of 3.68%. Memberships and Peers: CINF is a member of the S&P 500, a Dividend Aristocrat, a member of the Broad Dividend Achievers��Index and a Divid
Top 5 Railroad Companies To Invest In Right Now: Alico Inc. (ALCO)
Alico, Inc., through its subsidiaries, operates as a land management company in central and southwest Florida. It involves in harvesting, hauling, and marketing citrus, as well as purchasing and reselling citrus fruit; cultivating citrus trees; and cultivating raw sugarcane for sale. The company also engages in producing and selling beef cattle, feeding cattle, and replacement heifers to packing and processing plants and contract cattle buyers, as well as through local livestock auction markets. In addition, it grows, harvests, and sells vegetables for wholesale; produces sod; sells native plants and trees for landscaping purposes; and subdivides, develops, and sells real estate property. Further, the company involves in rock and sand mining; and rents land on a tenant-at-will basis for grazing, farming, oil exploration, and recreational uses. Additionally, it engages in the planning and strategic positioning of company owned land, and negotiating and renegotiating sales c ontracts. As of September 30, 2010, Alico owned approximately 139,607 acres of land located in the Collier, Glades, Hendry, Lee, and Polk counties. The company was founded in 1960 and is based in Fort Myers, Florida.
Advisors' Opinion:- [By Marc Bastow]
Agribusiness and land management company Alico (ALCO) raised its quarterly dividend 50% to 12 cents per share, payable on Jan. 14, 2014 to shareholders of record as of Dec. 31, 2013.
ALCO Dividend Yield: 1.11% - [By John Udovich]
Last Friday, small cap Farmland Partners Inc (NYSEMKT: FPI) had an IPO to join Gladstone Land Corp (NASDAQ: LAND), Alico, Inc (NASDAQ: ALCO) and Limoneira Company (NASDAQ: LMNR) as the latest option for retail investors seeking a way to invest in American farmland. After all, there is that old quote attributed to Mark Twain: "Buy land, they're not making it anymore." Moreover, February Wall Street Journal article noted that From 2009 to mid-2013, average prices for agricultural land in the�US rose by half while in Iowa, Nebraska and some other Midwest farm states, prices more than doubled. However, the same article noted that there is mounting evidence that the farmland�boom is fizzling out as�farmland prices in Iowa fell 3% over the second half of last year and those in Nebraska fell 1%. The good news though is that today's agricultural sector looks markedly different than it did during the last farmland bust back in�the early 1980s while Greyson Colvin, the managing partner at investment manager Colvin & Co. (which owns about 7,000 acres of farmland), was quoted as saying: "We think this next 12 months is going to be the best window we've had in the past five years [to invest in farmland].��/p>
Top 5 Railroad Companies To Invest In Right Now: Barrick Gold Corporation (ABX)
Barrick Gold Corporation engages in the production and sale of gold, as well as related activities, such as exploration and mine development. The company has a portfolio of 25 operating mines and a pipeline of projects located in North America, South America, the Australia Pacific region, and Africa. It also produces copper and holds interests in oil and gas properties located in Canada. The company was founded in 1983 and is based in Toronto, Canada.
Advisors' Opinion:- [By Rich Duprey]
As I've noted before, Freeport isn't the only miner experiencing trouble at its mines. Barrick Gold (NYSE: ABX ) finds itself caught in a particularly harsh position, as it expects to write down some $5.5 billion in assets related to its Pascua Lama project in Chile, where it's waging a battle with the government. The asset writedown coupled with the pushing out of its production schedule to 2016 is jeopardizing its credit standing, especially if gold prices continue to sag.
- [By Rich Duprey]
And to think the ramp at Mountain Pass will run smoothly defies logic, as miners everywhere routinely run into problems that cause delays. Larger, more astute miners such as Barrick Gold (NYSE: ABX ) , Vale (NYSE: VALE ) , and Newmont Mining (NYSE: NEM ) have run aground on delays and pricing issues, and Molycorp itself has been unable to keep its production schedule on track.
- [By Rich Duprey]
Chile wants to make really, really sure Barrick Gold (NYSE: ABX ) understands the Pascua Lama mine is absolutely, positively shut until the gold miner builds infrastructure to prevent groundwater pollution. An appeals court formally suspended work at the mine yesterday, although Barrick had anticipated the move last month, and said its work at the project would be delayed beyond its original forecast of late 2014.
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