Frontier Communications (NASDAQ: FTR ) has announced its latest dividend payout as it reports an 80% boost in net income in its just-released quarterly results.
For the quarter, revenue was $1.21 billion, down from the $1.27 billion in the same period the previous year. Attributable net income, on the other hand, grew considerably to more than $48 million ($0.05 per share), beating Q1 2012's $27 million ($0.03).
Analysts had been expecting revenue of $1.22 billion and EPS of $0.06.
Frontier Communications also maintained its existing guidance. For full-year 2013, the company believes it will see capital expenditures of $625 million to $675 million, and free cash flow of $825 million to $925 million.
Lastly, the company declared a quarterly dividend. It will hand out $0.10 per share of its common stock on June 28 to shareholders of record as of June 7. This amount matches the company's previous five quarterly distributions.
Top 5 Oil Companies To Buy For 2015: TECO Energy Inc.(TE)
TECO Energy, Inc., an electric and gas utility company, through its subsidiaries, engages in the generation, purchase, transmission, distribution, and sale of electric energy. It provides retail electric service to approximately 672,000 customers in West Central Florida with a net winter system generating capability of 4,684 megawatts. The company also engages in the purchase, distribution, and marketing of natural gas. It serves approximately 336,000 residential, commercial, industrial, and electric power generation customers in Florida. In addition, the company owns mineral rights, owns or operates surface and underground mines, and owns interests in coal processing and loading facilities. TECO Energy, Inc. was founded in 1899 and is headquartered in Tampa, Florida.
Advisors' Opinion:- [By David Dittman]
Answer: I don’t anticipate a spate of dividend cuts. FirstEnergy Corp’s (NYSE: FE) problems were apparent last fall, when it announced 2013 Q3 numbers. We do have TECO Energy Inc (NYSE: TE) and PG&E Corp (NYSE: PCG) on the UF Dividend Watch List, though the latter is in a much more precarious position than the former.
The regulatory environment is generally improving, as state and federal authorities are beginning to recognize the investment utilities have made over the past half-decade in system reliability and capacity expansion.
Another key supporting dividends is a healthier US economy, which should support better power demand from commercial and industrial customers. - [By Justin Loiseau]
Teco Energy (NYSE: TE ) takes the cake for vertically integrated coal. Not only does the utility use coal for its 4,400 MW electricity generation, but it also owns and operates mines capable of producing nine million tons of the black gold every year. The company's dividend has grown 10% in the past five years, and new sales could boost this dividend stock's offerings even higher.
- [By Justin Loiseau]
TECO Energy (NYSE: TE ) is known for its coal-centric capacity and ownership of Appalachian mines, but the company relies on natural gas for 39% of its overall generation.
5 Best Dividend Stocks For 2014: Nucor Corporation(NUE)
Nucor Corporation, together with its subsidiaries, engages in the manufacture and sale of steel and steel products in North America and internationally. It operates through three segments: Steel Mills, Steel Products, and Raw Materials. The Steel Mills segment produces hot and cold-rolled sheet steel; plate steel; structural steel comprising wide-flange beams, beam blanks, and sheet piling; and bar steel, such as blooms, billets, concrete reinforcing bar, merchant bar, and special bar quality products. The Steel Products segment offers steel joists and joist girders, steel deck, fabricated concrete reinforcing steel, cold finished steel, steel fasteners, metal building systems, light gauge steel framing, steel grating and expanded metal, and wire and wire mesh products. The Raw Materials segment produces direct reduced iron (DRI); brokers ferrous and nonferrous metals, pig iron, hot briquetted iron, and DRI; supplies ferro-alloys; and processes ferrous and nonferrous scrap metal products. The company?s operations also include various international trading companies that buy and sell steel and steel products. It sells its hot-rolled steel and cold-rolled steel to steel service centers, fabricators, and manufacturers; steel joists and joist girders, and steel deck to general contractors and fabricators; and cold finished steel and steel fasteners to distributors and manufacturers. The company?s products are used by contractors in constructing highways, bridges, reservoirs, utilities, hospitals, schools, airports, stadiums, and high-rise buildings. Nucor Corporation was founded in 1940 and is based in Charlotte, North Carolina.
Advisors' Opinion:- [By Dividends4Life]
Nucor Corporation (NUE) is the largest minimill steelmaker in the U.S., Nucor has one of the most diverse product lines of any steelmaker in the Americas. The company has paid a cash dividend to shareholders every year since 1973 and has increased its dividend payments for 40 consecutive years. Yield: 3.2%
- [By Dividends4Life]
The basic materials sector is highly cyclical. It relies on a strong economy to create demand for its raw materials. Since most of its products are considered to be commodities, the sector is sensitive to supply and demand fluctuations, with end-users able to substitute based on price.
Historically, yields in this sector have been on the lower end of the scale. However, with the increased demand for certain raw materials, the stocks in this sector are beginning to see higher yields with increased profitability. In addition, depressed prices on some companies have also boosted yields.
This week, I screened my dividend growth stocks database for Basic Materials companies with a yield above 2.0% and that have increased their dividends for at least 10 consecutive years. The results are presented below:
RPM International Inc. (RPM) makes specialty coatings and products for structural waterproofing and corrosion control, as well as products for the consumer, do-it-yourself and hobby markets. The company has paid a cash dividend to shareholders every year since 1969 and has increased its dividend payments for 40 consecutive years. Yield: 2.3%
Air Products and Chemicals Inc. (APD) is a major producer of industrial gases and electronics and specialty chemicals also has interests in environmental and energy-related businesses. Air Products and Chemicals Inc. is a major producer of industrial gases and electronics and specialty chemicals also has interests in environmental and energy-related businesses. Yield: 2.5%
Nucor Corporation (NUE) is the largest minimill steelmaker in the U.S., Nucor has one of the most diverse product lines of any steelmaker in the Americas. Nucor Corporation is the largest minimill steelmaker in the U.S., Nucor has one of the most diverse product lines of any steelmaker in the Americas. Yield: 2.7%
Alliance Resource Partners LP (ARLP) produces and markets coal primarily to utilities and industr - [By Dan Caplinger]
In response, ArcelorMittal has prepared itself for tough times, with spending and capacity cuts as well as asset sales. That stands in contrast to Nucor (NYSE: NUE ) , which reported higher spending on marketing and administrative costs as part of the reason its earnings dropped by 23% in its second-quarter report earlier this month.
5 Best Dividend Stocks For 2014: Northeast Utilities(NU)
Northeast Utilities, a public utility holding company, provides electric and natural gas energy delivery services to residential, commercial, and industrial customers in Connecticut, New Hampshire, and western Massachusetts. The company engages in the purchase, delivery, and sale of electricity; and owns and operates approximately 1,200 megawatts of primarily fossil-fueled electricity generation assets. As of December 31, 2010, it served approximately 1.2 million customers in 149 cities and towns in Connecticut; 497,000 retail customers in 211 cities and towns in New Hampshire; and 206,000 retail customers in 59 cities and towns in western Massachusetts. The company also operates a natural gas distribution system in Connecticut and serves approximately 206,000 customers in 71 cities and towns. It offers gas supply to commercial and industrial customers; and to residential customers for heating, hot water, and cooking needs, as well as provides gas transportation services t o commercial and industrial customers. In addition, the company offers electric transmission services. Northeast Utilities was founded in 1927 and is headquartered in Hartford, Connecticut.
Advisors' Opinion:- [By David Dittman]
Utilities in regions with better-than-average growth will also do well on this front. Northeast Utilities (NYSE: NU), a recent addition to the UF Portfolio, has significant FERC regulated transmission investments in line that will support dividend growth for years.
5 Best Dividend Stocks For 2014: Xcel Energy Inc.(XEL)
Xcel Energy Inc., through its subsidiaries, engages in the generation, purchase, transmission, distribution, and sale of electricity to residential, commercial, and industrial customers, as well as to public authorities in the United States. The company generates electricity using coal, nuclear, natural gas, hydro, wood, diesel, and wind energy. It also engages in the purchase, transportation, distribution, and sale of natural gas to residential, commercial, and industrial customers. The company serves customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. As of December 31, 2010, it provided electricity services to 3,391,611 customers; and natural gas services to 1,893,250 customers. Xcel Energy, through its joint venture interests in WYCO Development LLC, develops and leases natural gas pipeline, storage, and compression facilities. The company was founded in 1909 and is based in Minneapolis, Minnesota.
Advisors' Opinion:- [By Justin Loiseau]
Xcel excels at cutting carbon
Xcel Energy (NYSE: XEL ) announced today that it expects to surpass its goal of a 20% CO2 reduction by 2020 by up to 7%. Xcel has favored wind as its main method for getting rid of greenhouse gases. The utility currently owns 4,900 MW of wind capacity, approximately 12% of its total generation portfolio. - [By Rich Smith]
Schadenfreude's in season
Not everyone's opposed to the law, necessarily. For example, Xcel Energy (NYSE: XEL ) is already working to expand its portfolio of wind-generated power in the state, and two years ago, it put into operation a 19-megawatt solar farm in cooperation with SunPower (NASDAQ: SPWR ) . As a so-called "investor-owned utility," Xcel is already subject to a target of 30% renewables use by 2020 -- so a law making its rural rivals hit a 20% target probably didn't upset Xcel all that much. - [By Dividends4Life]
Starting in 2013 the federal tax rates on qualified dividends are 0%, 15% and 20%. The 20% rate is for taxpayers in the 39.6% tax bracket. For those in the 10% and 15% brackets, there is no tax on qualified dividends. In contrast, ordinary income is taxed at rates up to up to 39.6%. Below are several stocks that have consistently paid dividends through depressions, recessions, world wars, and other political and economic upheavals:WGL Holdings Inc. (WGL) provides natural gas service in the Washington, DC, metropolitan area and surrounding regions, including Maryland and Virginia. Yield: 4.1% | Paid Dividends Since: 1852Exxon Mobil Corp. (XOM), formed through the merger of Exxon and Mobil in late 1999, is the world's largest publicly owned integrated oil company. Yield: 2.7% | Paid Dividends Since: 1882Consolidated Edison, Inc. (ED) is an electric and gas utility holding company serves parts of New York, New Jersey and Pennsylvania. Yield: 4.4% | Paid Dividends Since: 1885The Procter & Gamble Company (PG) is a leading consumer products company that markets household and personal care products in more than 180 countries. Yield: 3.2% | Paid Dividends Since: 1891The Coca-Cola Company (KO) is the world's largest soft drink company, KO also has a sizable fruit juice business. Yield: 2.9% | Paid Dividends Since: 1893General Mills, Inc. (GIS) is a major producer of packaged consumer food products, include cereal, yogurt and Betty Crocker desserts/baking mixes. Yield: 3.0% | Paid Dividends Since: 1898Avista Corp. (AVA) generates, transmits and distributes energy as well as engages in energy-related businesses in the United States and Canada. Yield: 3.0% | Paid Dividends Since: 1899MGE Energy Inc. (MGEE) is a public utility holding company that supplies electric service to apx. 140,000 customers; and natural gas service to apx. 145,000 customers in Wisconsin (as of December 2012). Yield: 2.8% | Paid Dividends Since: 1909Xcel Energy Inc. (XEL) offers energy-related prod
- [By Sean Williams]
Another risk factor that can often be overlooked is that electricity price increases aren't a guarantee. In fact, power price increase rulings are often determined by state regulatory energy commissions which have a duty to look out not for these companies, but also for the best interests of consumers. Last summer, for instance, Xcel Energy (NYSE: XEL ) was denied a $100 million rate increase (about $2 each month per customer) by the Colorado Public Utilities Commission after failing to sufficiently demonstrate how not raising these rates would adversely impact the company.�
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