LONDON -- I'm looking at some of your favorite FTSE 100 companies, and examining how each will deliver their dividends.
Today, I'm putting supermarket�Wm. Morrison Supermarkets� (LSE: MRW ) under the microscope.
Dividend policy
In 2008, after 56 years, Sir Ken Morrison stepped down from the board of directors of Wm. Morrison Supermarkets, the business founded by his father in 1899. At the same time as Sir Ken gave his last statement as chairman, the board announced a new dividend policy:�"We will target progressive dividend growth in the coming two years, over and above earnings growth, in order to bring dividend cover to a level in line with the rest of our sector."
The sector to which the board referred was�"the European retail sector," where average dividend cover was 2.5 times, compared with Morrison's three times. As the table below shows, the company delivered on its two-year policy.
5 Best Supermarket Stocks To Invest In Right Now: Candente Resources Com Npv (DNT.TO)
Candente Copper Corp., together with its subsidiaries, engages in the acquisition, exploration, and development of mineral properties in Peru. The company primarily explores for copper, gold, silver, and molybdenum. It holds interests in the Canariaco Norte copper project, as well as the Canariaco Sur, Quebrada Verde, and Jehuamarca prospects located in northern Peru. The company was formerly known as Candente Resource Corp. and changed its name to Candente Copper Corp. in December 2009. Candente Copper Corp. was founded in 1997 and is headquartered in Vancouver, Canada.
5 Best Supermarket Stocks To Invest In Right Now: Enterprise Financial Services Corporation(EFSC)
Enterprise Financial Services Corp operates as the holding company for Enterprise Bank & Trust that provides banking and wealth management services to individuals and business customers located in the St. Louis, Kansas City and Phoenix metropolitan markets. It accepts various deposit products that include interest-bearing transaction accounts and demand deposits, money market accounts, savings accounts, certificates of deposit, and non interest-bearing demand deposits. The company?s loan portfolio comprises commercial, commercial real estate, financial and industrial development, real estate construction and development, residential real estate, and consumer loans. It also provides financial planning, advisory, investment management, and trust services to businesses, individuals, institutions, and non-profit organizations; business financial services focused in the areas of retirement plans, management compensation, and management succession planning; and personal advisor y services, which include estate planning, financial planning, business succession planning, and retirement planning. As of December 31, 2010, the company had four banking locations and a support center in the St. Louis metropolitan area, seven banking locations in the Kansas City metropolitan area, and two banking locations in the Phoenix metropolitan area. The company was founded in 1988 and is headquartered in St. Louis, Missouri.
Top 10 Wireless Telecom Companies To Watch For 2014: Alterra Capital Holdings Ltd(ALTE)
Alterra Capital Holdings Limited, together with its subsidiaries, provides specialty insurance and reinsurance products to corporations, public entities, and property and casualty insurers in North America, Europe, and internationally. It offers professional liability products, which include errors and omissions insurance, employment practices liability insurance, and directors and officers insurance; excess liability products, such as excess umbrella liability insurance, excess product liability insurance, excess medical malpractice insurance, and excess product recall insurance; and property insurance, as well as provides airline, general aviation, and aerospace insurance. The company also offers reinsurance products consisting of agriculture, auto, aviation, credit/surety, general casualty, marine and energy, medical malpractice, professional liability, property, whole account, and workers? compensation reinsurance. In addition, it offers general liability, inland mari ne, and ocean marine insurance; accident and health insurance and reinsurance, financial institutions insurance, and surety reinsurance; and employers? and public liability insurance, and medical malpractice insurance, as well as life and annuity reinsurance. The company was formerly known as Max Capital Group Ltd. and changed its name to Alterra Capital Holdings Limited in May 2010. Alterra Capital Holdings Limited was founded in 1999 and is headquartered in Hamilton, Bermuda.
5 Best Supermarket Stocks To Invest In Right Now: Vanguard Natural Resources LLC(VNR)
Vanguard Natural Resources, LLC, through its subsidiaries, engages in the acquisition and development of oil and natural gas properties in the United States. Its properties are located in the southern portion of the Appalachian Basin, primarily in southeast Kentucky and northeast Tennessee; the Permian Basin, primarily in west Texas and southeastern New Mexico; and south Texas. As of December 31, 2010, the company had estimated proved reserves of 69.3 million barrels of oil equivalent, as well as working interests in 2,270 net productive wells. Vanguard Natural Resources, LLC was founded in 2006 and is based in Houston, Texas.
Advisors' Opinion:- [By Energy Stock Channel]
Vanguard Natural Resource is engaged in the acquisition and development of oil and natural gas properties. Co. owns properties and oil and natural gas reserves in: the Permian Basin in West Texas and New Mexico; the Big Horn Basin in Wyoming and Montana; the southern portion of the Appalachian Basin, primarily in southeast Kentucky and northeast Tennessee; South Texas; the Williston Basin in North Dakota and Montana; Mississippi; and the Arkoma Basin in Arkansas and Oklahoma. At Dec 31 2011, Co.'s estimated proved developed and undeveloped reserves for crude oil, natural gas, and natural gas liquids were 44.8 million barrels, 163.00 billion cubic feet, and 7.4 million barrels, respectively.
5 Best Supermarket Stocks To Invest In Right Now: Apollo Group Inc.(APOL)
Apollo Group, Inc., through its subsidiaries, provides online and on-campus educational programs and services at the undergraduate, master?s, and doctoral levels. The company offers various degree programs in arts and sciences, business and management, criminal justice and security, education, health care, human services, nursing, psychology, and technology through its campus locations and learning centers in 40 states and the District of Columbia, and Puerto Rico, as well as through its online education delivery system. It also provides various degree programs in Chile and Mexico, and through online; financial services education programs, including Master of Science in three majors, as well as certification programs in retirement, asset management, and other financial planning areas; and training and education to professionals in the legal and finance industries through its schools in the United Kingdom and a network of offices in Europe. In addition, the company offers p rogram development, administration, and management consulting services comprising degree program design, curriculum development, market research, student admissions, and accounting and administrative services to private colleges and universities for their working learners? programs; and sells books and other publications. Apollo Group, Inc. was founded in 1973 and is based in Phoenix, Arizona.
Advisors' Opinion:- [By Dave Friedman]
On 3/31/11 Maverick Capital reported holding 7,376,215 shares with a market value of $307,661,921. This comprised 3.27% of the total portfolio. On 6/30/11, Maverick Capital held 9,504,075 shares with a market value of $415,137,999. This comprised 4.06% of the total portfolio. The net change in shares for this position over the two quarters is 2,127,860. About the company: Apollo Group, Inc. provides higher education programs for working adults. The Company provides educational programs and services at the high school, undergraduate, and graduate levels online and on-campus through subsidiaries.
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