Chesapeake Utilities� (NYSE: CPK ) �has declared a regular quarterly dividend of $0.385 per share, a 5.5% increase over its previous payout of $0.365 per share. The dividend will be paid on July 5 to shareholders of record as of the close of business on June 17.�The increase raises the annualized dividend�$0.08�per share, from�$1.46, to�$1.54�per share.
Noting that the utility has posted strong results for six consecutive years, Chesapeake�Utilities President and CEO�Michael McMasters said: "In this vein, our board of directors increased the dividend by 5.5% today ��a dividend growth rate significantly above the average of our peer group. The dividend declared today represents the tenth consecutive year that Chesapeake's dividend has increased."
This is the 52nd consecutive year that Chesapeake has paid a dividend to its shareholders, never having once cut the annualized dividend. Over the past five years, the utility has increased its dividend at a compound annual rate of 4.8% while maintaining an average dividend payout of 52.2%.�
Top Dividend Companies To Buy For 2014: Madison Square Garden Inc.(MSG)
The Madison Square Garden Company, together with its subsidiaries, operates in the sports, entertainment, and media businesses primarily in the United States. The company operates in three segments: MSG Media, MSG Entertainment, and MSG Sports. The MSG Media segment produces and develops content for various distribution platforms, including content originating from the company?s venues. It consists of the MSG Networks and the Fuse Networks, which offer sports and musical content. This segment also manages interactive businesses that comprise a range of targeted websites; and wireless, video on demand, and digital platforms. The MSG Entertainment segment creates, produces, and/or presents various live productions, as well as presents or hosts other live entertainment events, such as concerts, family shows, special events, and theatrical productions. The MSG Sports segment owns and operates sports franchises. This segment also owns other sports properties, including the pre sentation of a range of live sporting events, such as professional boxing, college basketball, track and field, and tennis. The company owns the Madison Square Garden complex in New York City, which includes an arena and a theater; and The Chicago Theatre in Chicago. It leases Radio City Music Hall and the Beacon Theatre in New York City. The company is based in New York, New York. As of February 09, 2010, Madison Square Garden, Inc. operates independently of Cablevision Systems Corporation.
Advisors' Opinion:- [By Dug]
The New York Knicks are comfortably positioned to make the NBA playoffs. Madison Square Garden is selling out with fans who are suddenly not expecting their team to implode. Best of all, Isiah Thomas seems not to be in a position of influence any longer. Things couldn't be better for the myriad assets ofMadison Square Garden (Nasdaq: MSG) .
"I think this is one of the best possible investments for large amounts of capital," Bryan says. "Most investors are missing everything there is to this company and how all the assets are performing. If you understand all the assets and you ca n avoid selling in a panic if the company misses earnings by a penny or Carmelo Anthony sprains an ankle, I think the array of assets almost eliminates long-term downside risk."
The stock trades around $28 per share now, and Bryan's boldly predicting that MSG head James Dolan will take the company private in about two years at $50 per share.
Top Dividend Companies To Buy For 2014: Cognizant Technology Solutions Corporation(CTSH)
Cognizant Technology Solutions Corporation provides information technology (IT), consulting, and business process outsourcing services in North America, Europe, and Asia. Its IT consulting and technology services include business and knowledge process consulting; IT strategy consulting; program management consulting; technology consulting; application design, development, integration, and re-engineering, such as complex custom systems development, data warehousing/business intelligence, customer relationship management (CRM) system implementation, and enterprise resource planning (ERP) system implementation; and software testing services. The company?s outsourcing services comprise application maintenance, including custom application, CRM, and ERP maintenance; IT infrastructure outsourcing; and business and knowledge process outsourcing. It offers its services to various markets, such as financial services, healthcare, manufacturing, logistics and retail, hospitality, con sumer goods, communications, and high technology, as well as information, media, and entertainment markets. The company markets and sells its services directly through its professional staff, senior management, and direct sales personnel. Cognizant Technology Solutions Corporation was founded in 1998 and is headquartered in Teaneck, New Jersey.
Advisors' Opinion:- [By Glenn]
Might have missed the big rush as this stock has doubled in past year however still has potential to grow. With zero debt and strong book on hand this company has got a good thing going.
- [By Louis Navellier]
Cognizant Technology Solutions is a leading IT firm that provides a wide array of data and software services to businesses around the world. The company enjoys big margins because most of Cognizant Tech's software development centers and employees are located in India. Outsourcing has been big business as corporations in the developed world look to cut costs, and Cognizant is really cashing in on this trend.
In February, the company posted very impressive profit and revenue, and raised guidance for 2010 above Wall Street estimates. Specifically, it earned $144 million, or 47 cents a share, on the quarter. That's up 28% from $112.3 million, or 38 cents a share, a year earlier. Revenue also jumped 20% to $902.7 million. These are great results that indicate Cognizant is a strong investment right now.
I rate CTSH a strong buy.
- [By Rebecca Lipman]
Provides information technology consulting and technology services in North America, Europe, and Asia. Market cap of $20.43B. EPS growth (5-year CAGR) at 18%. According to Morgan Stanley: "We believe that Cognizant intends to transform itself from a best-in-class offshore application development and maintenance (ADM) pure play into a diversified global IT services major over time."
Best Canadian Stocks To Invest In Right Now: Aldridge Minerals Inc. (AGM.V)
Aldridge Minerals Inc., a junior exploration company, engages in the identification, exploration, and development of mineral properties in Turkey. Its principal property consists of the Yenipazar gold-silver-copper-zinc-lead deposit located in Turkey. The company was incorporated in 1994 and is based in Toronto, Canada.
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