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Before the opening bell on Tuesday, 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.
HCP Inc. (HCP) reported fourth quarter revenues of $603.53 million, up from last year’s $530.3 million. Adjusted funds from operations (FFO) came in at $364.9 million, or 79 cents per share, compared to last year’s $347 million, or 76 cents per share. HCP beat analysts’ estimates of 77 cents EPS on revenues of $584.82 million. Looking ahead, HCP sees FY2015 FFO per share between $3.15 and $3.21, which is in-line with analysts’ estimates of $3.18.
Omnicom Group (OMC ) reported fourth quarter revenues of $4.195 million, up 3.4% from last year’s $4.058 million. Net income available for common shareholders came in at $323.9 million, or $1.30 per diluted share, up from last year’s Q4 figures of $293.5 million, or $1.13 per diluted share. OMC beat analysts’ estimates of $1.26 EPS on revenues of $4.16 million.
Starwood Hotels (HOT) reported fourth quarter EPs of 97 cents, which beat analysts’ estimates of 76 cents. Revenue for the quarter was down, coming in at $1.54 billion, compared to last year’s $1.61 billion. Analysts were expecting revenues of $1.53 billion. Starwood Hotels declared its first quarter dividend of 37.5 cents, marking a 7.1% from its previous quarterly payout. The company will pay its raised dividend on March 26 to all shareholders on record as of March 5.
Molson Coors (TAP) reported fourth quarter sales of $973.8 million, which are down 5.3% from last year’s Q4 revenues, and below analysts’ estimate of $983.99 million. The company’s net income came in at $102.1 million, or 55 cents per share, marking a 21% decrease from last year, and below analysts’ 70-cent EPS expectation.
Molson Coors announced a raise to its quarterly dividend, boosting its payout to 41 cents from 37 cents. The dividend is payable on March 16 to all shareholders on record as of February 27.
Wyndham Worldwide (WYN) reported fourth quarter revenues of $1.23 billion, up slightly from last year’s $1.95 billion. Diluted EPS for the quarter came in at 90 cents, up 23% from last year’s Q4 EPS of 73 cents. WYN beat analysts’ EPS estimates of 85 cents, and revenues met expectations of $1.23 billion.