Dividend Investing Ideas Center
Have you ever wished for the safety of bonds, but the return potential...
After the bell on Wednesday, a number of big name, dividend paying companies announced their quarterly earnings. Below, we look at these earnings reports and break down the important points for investors.
American Express (AXP ) reported fourth quarter revenues of $9.11 billion, which are up from last year’s Q4 revenues of $8.6 billion. Net income for the quarter came in at $1.5 billion, or $1.39 per share, which is up from last year’s Q4 net income of $1.31 billion, or $1.21 per share. Analysts were expecting EPS of $1.38 on revenues of $8.53 billion. AXP’s return on equity was 29.1%, up from last year’s 27.8%.
Discover Financial Services (DFS ) reported fourth quarter net income of $404 million, or 87 cents per diluted share, compared to last year’s Q4 figures of $602 million, or $1.23 per diluted share. On an adjusted basis, EPS came in at $1.19. Revenue for the quarter came in at $2.04 billion, which is down from last year’s Q4 revenue of $2.19 billion. DFS missed analysts’ estimates of $1.30 EPS on revenues of $2.2 billion.
SanDisk Corporation (SNDK) reported fourth quarter revenues of $1.74 billion, which is up slightly compared to last year’s Q4 revenues of $1.73 billion. Net income for the quarter came in at $294 million, or $1.30 per share, which is down significantly from last year’s Q4 figures of $390 million, or $1.71 per share. SNDK beats analysts’ estimates of $1.27 EPS on revenues of $1.73 billion.
In addition to reporting its Q4 results, Sandisk declared a quarterly dividend of 30 cents per share. The dividend is payable on February 23 to all shareholders on record as of March 2. The stock goes ex-dividend date on February 26.
Xilinx (XLNX) reported third quarter revenues of $593.5 million, up slightly from last year’s Q3 revenues of $586.8 million. Net income for Q3 came in at $168.5 million, or 62 cents per share, compared to last year’s Q3 net income of $175.9 million, or 61 cents per share. XLNX beat analysts’ EPS estimates of 61 cents, but revenues missed estimates of $616.59 million.