Showing posts with label ITC. Show all posts
Showing posts with label ITC. Show all posts

Monday, August 19, 2013

Stocks that Have Recently Raised Their Dividends

The following stocks have recently increased their dividends. This is usually a sign that the company is doing well.

G&K Services (GK) raised its quarterly dividend by 38%

Intertape Polymer Group Inc. (TSX:ITP) doubled its dividend on an annualized basis.

Nordson Corp. (NDSN) raised the company's quarterly cash dividend 20%

Marathon Petroleum Corporation (MPC) just a a dividend which was 20% over the previous quarter.

ITC Holdings (ITC) increased the quarterly dividend by 1

Weyerhaeuser Company (WY) announced a 10% increase in its quarterly dividend.

MGE Energy, Inc. (MGEE) increased the regular quarterly dividend to $0.4076 per share

Connecticut Water Service, Inc. (CTWS) announced an annualized dividend increase of 2.1%

Group 1 Automotive, Inc. (GPI) declared a cash dividend increase of 6.3%

Cinemark Holdings, Inc. (CNK) announced a 19% increase in its quarterly dividend payout. If you like interesting lists like this, check out the many stock lists at, most of which are free.

Thursday, December 27, 2012

The Two Top Utility Stocks by Analyst Ratings

Some income investors chase yield; some income investors chase yield increasers; and some chase earnings increasers. Many investors look for some combination of these features or they have their own set of criteria. One other way is to see if there is a consensus among the analysts.

I checked the list of electric utilities against what the research analysts think about them. I looked at the S&P Capital IQ STARS with four or five stars, TheStreet Buy recommendations, the Buy recommendations of First Call Consensus, the Jaywalk Consensus of either Strong Buy, Buy, or Hold, the Market Edge Longs, Ford Buy or Holds, the ResearchTeam™ Current Rating of Buy or Hold, and Credit Suisse Outperform or Neutral. After running all stocks through my screen, I only came up with two electric utility stocks that met all that criteria.

NextEra Energy, Inc. (NEE) is one of those two utilities. The company generates and markets electric energy in the United States and Canada, with about 4.6 million customers in Florida. The electrical generation comes from wind, solar, natural gas, nuclear, oil, coal, and hydro power plants. The stock trades at 14 times forward earnings and provides investors with a decent yield 3.4%. The company has increased dividends every year since 1994. Earnings for the latest quarter were up 2.0% on a 12.3% drop in revenues.

The other electric utility that came out of the filter is ITC Holdings Corp. (ITC), a Novi, Michigan utility involved in the transmission of electricity. Its customers include investor-owned utilities, municipalities, cooperatives, power marketers, and alternative energy suppliers. The stock trades at 15.5 times forward earnings and yields 1.9%. The company, which has increased dividends every year since 2005, raised the dividend earlier this year by 7%. Earnings for the latest quarter were up 16.5% on a 12.5% boost in revenues.

To access a free list of high yielding electric utilities, which can be downloaded, sorted, and updated, go to


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