
Dividend Investing Ideas Center
Critical Facts You Need to Know About Preferred Stocks
Have you ever wished for the safety of bonds, but the return potential...
News
After the bell on Thursday, 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.
Allstate (ALL ) reported fourth quarter revenues of $8.8 billion, which is flat with last year’s Q4 revenues. Operating income for the quarter came in at $736 million, or $1.72 per share, compared to last year’s $781 million, or $1.70 per share. ALL beat analysts’ estimates of $1.62 EPS on revenues of $7.27 billion.
In addition to announcing its Q4 and year-end results, ALL also announced a raise to its dividend and a $3 billion share repurchase program. The company boosted its quarterly dividend to 30 cents from 28 cents. The dividend it payable on April 1 to all shareholders on record as of March 2.
Prudential Financial (PRU ) reported fourth quarter revenues of $15.83 billion, which is up significantly from last year’s Q4 revenues of $10.98 billion, and far above analysts’ expectations of $12.31 billion. The company after-tax operating income per share came in at $2.12, which is down from last year’s Q4 figure of $2.20, and well below the analyst estimate of $2.38.
21st Century Fox (FOXA ) reported second quarter total revenues of $8.06 billion, which are below last year’s Q4 revenues of $8.16 billion. Adjusted net income for the quarter came in at $1.13 billion, or 53 cents per share, up from last year’s Q2 net income of $756 million, or 33 cents per share. FOXA beat analysts’ estimates of 42 cents EPS on revenues of $7.35 billion.