Thursday, October 31, 2013

Kraft Foods Interim Report January–September 2013

KRAFT FOODS GROUP REPORTS THIRD QUARTER 2013 RESULTS


  • Q3 Net Revenues were 4.2% lower and Organic Net Revenues were down 4.1% primarily due to comparisons with higher, spin-off related shipments in the prior year
  • Q3 Operating income increased 14.9 percent to $870 million.
  • Q3 EPS of $0.83 included an $0.18 gain from market-based impacts to post-employment benefit plans and a negative $0.05 impact from changes in unrealized gains/losses from hedging activities
  • Q3 Free Cash Flow was $745 million year-to-date
  • 2013 EPS guidance increased to approximately $3.58 from approximately $3.40 due to market-based impacts to post-employment benefit plans
For more information, click the link below

Kraft Q3-2013

Tuesday, October 29, 2013

Pfizer Interim Report January–September 2013

PFIZER REPORTS THIRD-QUARTER 2013 RESULTS


  • Third-Quarter 2013 Reported Revenues of $12.6 Billion (12.9)
  • Third-Quarter 2013 Adjusted Diluted EPS of $0.58 (0.50) and Reported Diluted EPS of $0.39 (0.43)
  • Repurchased $3.8 Billion and $13.1 Billion of Common Stock in Third-Quarter and to Date in 2013, Respectively
  • Narrowed Ranges for Certain 2013 Financial Guidance Components


2013 FINANCIAL GUIDANCE

  • Adjusted Revenues $50.8 to $51.8 billion
  • Reported Diluted EPS $3.05 to $3.15
  • Adjusted Diluted EPS $2.15 to $2.20
For more information, click the link below
Pfizer Q3-2013

October Transactions

On October 2nd 2013 I bought 150 shares of The Coca-Cola Company (KO) to my portfolio at the price of €27.55 per share plus commission. That will give me about a 2.94% yield on cost. At the current dividend rate, I can expect to receive quarterly dividends of €24.00 (netto) from this purchase, which will add a total of €95.98 (netto) to my annual dividend income. My total holdings of KO are now 150.

On October 24th 2013 I bought 100 shares of TAL International (TAL) to my portfolio at the price of €34.32 per share plus commission. That should give me a 5.73% yield on cost. At the current dividend rate I can expect to recive quarterly dividends of €39.11 (netto) from this purchase, which will add a total of €156.42 (netto) to my annual dividend income. My total holdings of TAL are now 100.

TAL International Dividend Stock Analysis

TAL International Group, Inc. engages in leasing intermodal containers and chassis worldwide. The company operates in two segments, Equipment Leasing and Equipment Trading. The Equipment Leasing segment is involved in the acquisition, leasing, re-leasing, and sale of intermodal transportation equipment, including dry freight containers, which are used for general cargo, such as

Sunday, October 27, 2013

NCC Interim Report January–September 2013

Q3 2013:
  • Orders received: SEK 13,143 M (13,160)
  • Net sales: SEK 13,129 M (13,765)
  • Profit after financial items: SEK 748 M (742)
  • Profit after tax for the period: SEK 614 M (569)
  • Earnings per share: SEK 5.67 (5.25)
 
 Q1-Q3 2013:

  • Orders received: SEK 42,617 M (40,336)
  • Net sales: SEK 36,749 M (38,157)
  • Profit after financial items: SEK 929 M (1,020)
  • Profit after tax for the period: SEK 759 M (781)
  • Earnings per share: SEK 7.02 (7.20)
For more information, click link below

NCC Q3-2013 

Altria Interim Report January–September 2013

ALTRIA REPORTS 2013 THIRD-QUARTER AND NINE-MONTH RESULTS;

REAFFIRMS 2013 FULL-YEAR EPS GUIDANCE


  • Altria’s 2013 third-quarter reported diluted earnings per share (EPS) increased over 100% to $0.70, as comparisons were impacted by special items.
  • Altria’s 2013 third-quarter adjusted diluted EPS, which excludes the impact of special items, increased 12.1% to $0.65.
  • Altria’s 2013 nine-month reported diluted EPS increased 33.8% to $2.02, as comparisons were impacted by special items.
  • Altria’s 2013 nine-month adjusted diluted EPS, which excludes the impact of special items, increased 9.0% to $1.81.
  • Altria reaffirms its guidance for 2013 full-year reported diluted EPS to be in a range of $2.57 to $2.62.
  • Altria reaffirms its guidance for 2013 full-year adjusted diluted EPS to be in a range of $2.36 to $2.41, representing a growth rate of 7% to 9% from an adjusted diluted EPS base of $2.21 in 2012.
For more information, click the link below

Altria Q3-2013

Tal International Interim Report January–September 2013

Highlights Q3: 

 

  • TAL reported Adjusted pre-tax income of $1.60 per fully diluted common share for the third quarter of 2013, an increase of 8.1% from the third quarter of 2012. 
  • TAL reported leasing revenues of $143.9 million for the third quarter of 2013, an increase of 6.4% from the third quarter of 2012.
  • TAL continues to achieve outstanding operational performance. Utilization averaged 97.3% for the third quarter of 2013 and TAL has purchased over $620 million in new and sale-leaseback containers for delivery in 2013. 
  • TAL announced a $0.02 increase in its quarterly dividend to $0.70 per share payable on December 23, 2013 to shareholders of record as of December 2, 2013.
For more information, click the link below

TAL Q3-2013 

Neste Oil Interim Report January–September 2013

Strong quarterly result driven by outstanding performance at Renewable Fuels.

 

Third quarter in brief:

· Comparable operating profit was EUR 217 million (Q3/2012: EUR 159 million)
· IFRS operating profit was EUR 249 million (Q3/2012: EUR 196 million)
· Total refining margin was USD 8.61/bbl (Q3/2012: USD 12.23/bbl)
· Net cash from operations was EUR 3 million (Q3/2012: EUR 293 million)


January-September in brief:

· Comparable operating profit was EUR 440 million (1-9/2012: EUR 278 million)
· IFRS operating profit was EUR 447 million (1-9/2012: EUR 272 million)
· Investments totaled EUR 142 million (1-9/2012: EUR 211 million)
· Leverage ratio was 39.8% at the end of September (Dec 31, 2012: 43.2%)
· Comparable earnings per share EUR 1.21 (1-9/2012: EUR 0.57)


For more information, click the link below

Neste Oil Q3-2013

UPM Interim Report January–September 2013

UPM´s profitability recovered thanks to lower cost in European paper operations and strong cash flow from operations

 
Q3/2013 (compared with Q3/2012)

• Earnings per share excluding special items were EUR 0.26 (0.16),    and reported EUR 0.26 (0.07)
• Operating profit excluding special items was EUR 194 million, 7.8%  of sales (126 million, 4.9%)
• EBITDA was EUR 311 million, 12.6% of sales (313 million, 12.1% of sales)
• 25% of the targeted annualised EUR 200 million cost savings achieved in Q3/2013
• Operating cash flow was EUR 286 million, net debt decreased to EUR 3,301 million


For more information, click thge link below

UPM Q3-2013

Saturday, October 26, 2013

Intel Interim Report January–September 2013

Intel Reports Third-Quarter Revenue of $13.5 Billion, Net Income of $3.0 Billion


  • Total revenue up 5% $13.5B (Q2 $12.8B)
  • Operating Income up 29% $3.5B (Q2 $2.7B)
  • Net Income up 48% $3.0B (Q2 $2.0B)
  • EPS up 49% $0.58 (Q2 $0.39)
  • Record Data Center Group revenue of $2.9 billion, up 12% year-over-year
  • Launched 4th Generation Intel® Core™ products enabling fanless, innovative tablet and 2 in 1 designs
  • More than forty 22nm products introduced for ultra-mobile device, networking, storage, and server market segments

For more information, click the link below

 Intel Q3-2013

October Dividend Income

In October, the portfolio dividend income was as follows:

SDIV $80.10
MO $84.00
KRFT $52.50
Total income was €156.84, after tax €118.62.

The Coca-cola Company Interim Report January–September 2013

 Third Quarter and Year-to-Date 2013 Highlights


  • Third quarter volume grew 2% and year-to-date volume grew 2%. Coca-Cola Americas grew 1% in both the quarter and year to date and Coca-Cola International grew 3% in both the quarter and year to date.
  • Global value share gains achieved in the quarter in total nonalcoholic ready-to-drink (NARTD) beverages and in core sparkling and still beverages.   
  • Reported net revenues declined 3% in the third quarter and 2% year to date.  Excluding the impact of structural changes, comparable currency neutral net revenues grew 4% in the quarter and 3% year to date.
  • Reported operating income declined 12% in the third quarter and 6% year to date.  Excluding the impact of structural changes, comparable currency neutral operating income grew 8% in the quarter and 6% year to date.
  • Currency was a 2% headwind on comparable net revenues and a 5% headwind on comparable operating income in the quarter.
  • Third quarter reported EPS was $0.54, up 8%, and comparable EPS was $0.53, up 4%, despite an approximate 5% currency headwind.  Year-to-date reported EPS was $1.52, down 2%, and comparable EPS was $1.62, up 4%, despite two fewer selling days in the first nine months of 2013 and an approximate 4% currency headwind.
 
 For more information, click the link below

The Coca-Cola Company Q3-2013

AT&T Interim Report January–September 2013

3Q13 Highlights:

Strong Financial Performance as Project VIP Nears One‐Year Mark

Solid Financial Performance

  • Consolidated revenue growth of 2.2 percent $32.2B (31.5B)
  • Adjusted earnings per share growth of 6.5 percent $0.66 ($0.62)
  • Project VIP exceeding build targets and driving momentum on growth platforms
    with more than 2 million new high speed broadband connections
U‐verse Tops 10 Million Total Subscribers
  • Wireline consumer revenue growth of 2.4 percent; U‐verse now 54 percent of
    wireline consumer revenues
  • U‐verse generating $1 billion in revenues per month, growing at 28 percent
  • Nearly 16 percent growth in strategic business services revenues
Nation’s Fastest and Most Reliable 4G LTE Network Drives Strong Wireless Growth, Record Smartphone Sales
  • Wireless revenues up more than 5 percent; mobile data up nearly 18 percent
  • Nearly 1 million total subscribers added; 363,000 postpaid net adds
  • Record third‐quarter smartphone sales – record 89 percent of postpaid phone sales
For more information, click the link below

AT&T Q3-2013

Friday, October 25, 2013

TELE2 Interim Report January–September 2013

Stable net intake for the Group

  • Net intake was 206,000 (691,000) in the quarter, of which 263,000 (807,000) mobile customers.
  • Net sales amounted to SEK 7,529(7,649) million, of which mobile services represented
  • SEK 5,481 (5,325) million, corresponding to a growth rate of 3 percent.
  • EBITDA in Q3 2013 amounted to SEK 1,523 (1,771) million, equivalent to an EBITDA margin of 20 (23) percent.
  • EBITDA for mobile services amounted to SEK 990 (1,115) million.



    For more information, click the link below.

    Tele2 Q3-2013 

Gjensidige Interim Report January–September 2013

Group highlights Third quarter 2013

Third quarter

Group
• Profit/loss before tax expense: NOK 1,673.3 million (1,606.3)
• Profit per share: NOK 2.66 ( 2.50)
General insurance
• Earned premiums: NOK 4,866.9 million (4,571.7)
• Underwriting result: NOK 852.5 million ( 780.3)
• Combined ratio: 82.5 ( 82.9)
• Cost ratio: 14.8 ( 14.8)
• Financial result: NOK 825.7 million ( 828.7)
Special factors and events
• Proposed extraordinary dividend of NOK 3.0 billion, corresponding to NOK 6.00 per share
• New capital strategy and dividend policy
• New return on equity target > 15 per cent after tax from and including 2015
• Storebrand redefined from strategic to financial investment

For more information, click the link below.

Gjensidige Q3-2013 

Thursday, October 24, 2013

TeliaSonera Interim Report January–September 2013

Improved profitability and flat organic revenues

 

Third quarter summary
  •  Net sales in local currencies, excluding acquisitions and disposals, were stable. In reported currency, net sales decreased 1.8 percent to SEK 25,381 million (25,842).
  • The addressable cost base in local currencies, excluding acquisitions and dis-posals, decreased 3.9 percent. In reported currency, the addressable cost base decreased 5.4 percent to SEK 6,760 million (7,146).
  • EBITDA, excluding non-recurring items, increased 3.8 percent in local currencies, excluding acquisitions and disposals. In reported currency, EBITDA, excluding non-recurring items, increased 1.5 percent to SEK 9,419 million (9,283). The EBITDA margin, excluding non-recurring items, increased to 37.1 percent (35.9).
  • Operating income, excluding non-recurring items, increased 12.3 percent to SEK 7,721 million (6,878). Operating income increased 5.4 percent to SEK 7,130 million (6,762).
  • Net income attributable to owners of the parent company increased 15.1 percent to SEK 4,641 million (4,032).
  • Earnings per share increased to SEK 1.07 (0.93).
  • Free cash flow was SEK 7,308 million (3,825), mainly explained by dividends from MegaFon net of taxes of SEK 1,940 million (0) and positive changes in working capital.
  • Group outlook for 2013 is unchanged.
For more information, click the link below.

TeliaSonera Q3-2013

Orion Group Interim Report January–September 2013

Orion’s net sales in January–September 2013 totalled EUR 734 million (EUR 726 million in January–
September 2012).


  •  Operating profit was EUR 202 (220) million.
  • Profit before taxes was EUR 200 (219) million.
  • Equity ratio was 52% (59%).
  • ROCE before taxes was 39% (50%).
  • ROE after taxes was 41% (46%).
  • Basic earnings per share were EUR 1.07 (1.17).
  • Cash flow per share before financial items was EUR 0.56 (0.92).
  • The outlook estimate for 2013 remains unchanged. Orion estimates that in 2013 net sales will be at similar level to 2012 and that operating profit will be slightly lower than in 2012.
  • Promising results from Phase II clinical trials of ODM-201.
  • Orion and Endo have terminated their collaboration agreement concerning oncology drug research, development and commercialisation. Among others, all the rights of ODM-201 revert to Orion.
  • Orion and Hospira have extended their licensing agreement concerning the sedative agent Precedex® in the markets outside the Europe.
For more information, click the link below.

Orion Q3-2013

Fortum Corporation Interim Report January - September 2013

Typically weak third-quarter results further burdened by very low hydro volumes – strong cash flow


July−September 2013
• Comparable operating profit EUR 166 (223) million, -26%
• Operating profit EUR 97 (226) million, of which EUR -69 (3)   million relates to items affecting comparability
• Earnings per share EUR 0.04 (0.14), -71%, of which EUR -0.05 (0.01) per share relates to items affecting comparability
• Cash flow from operating activities totalled EUR 414 (111) million, +273%
• Nearly all-time low hydro production, 3.9 (6.3) TWh
• 2014: 65% hedged at EUR 42 per MWh; and 2015: 20% hedged at  EUR 41 per MWh
• Finalisation of the Russian investment programme postponed by some months; ready by mid-2015
• Electricity production at the Inkoo coal-fired power plant in Finland to be discontinued

 For more information, click the link below.

Fortum Corporation Q3-2013

Saturday, October 19, 2013

Where to Find Dividend Growth Stock


Using a stock screener is one thing, pulling high quality information out of it is another. Here’s a list of metrics I use for FIN VIZ and TMX Stock Screener to build my lists.

TMX Stock Screener (Canadian + US Stocks):


The TMX Stock Screener is interesting as you can get the dividend growth… and you can get it for US stocks as well! So even if it’s a “Canadian Screener”, you can work with it to find US dividend stocks. The combination of FIN VIZ and TMX Stock Screener will definitely give you a complete list of great stock pick possibilities.
5 Year Annual Income Growth Rate: between 1 and 100 (if sales don’t go up, dividend growth will eventually be jeopardized).

Current Dividend Yield: over 3% (I think 3% is reasonable in the current economy. I sometimes cheat and look for over 3% in the hopes of picking a gem with a 2.75% dividend yield).

Return on Equity: Over 10% (I want companies that use my money to create wealth. Keep in mind that you’ll need to look inside each financial statement to see if the ROE is stable over the years).

5 Year Annual Dividend Growth Rate: Over 1% (I know that I told you that we are looking at double digit dividend growth but the crisis in 2008 creates some statistical data errors as several companies stopped their dividend growth approach during that period)

Current Price Earnings Ratio: Under 15 (I’m looking at companies that are undervalued. Since the average P/E ratio of the market is historically around 15, it’s a good start. I sometimes cheat and put 20 if I don’t get what I’m looking for)

http://web.tmxmoney.com/screener.php?qm_page=36688


FIN VIZ (US Stocks + Some CDN Stocks trading on NYSE)


The only bad news about FIN VIZ is you can’t get the 5 year dividend growth metric. This is why I published a list from the TMX instead of FIN VIZ.  It’s a good thing you can get them from the TMX stock screener! But this stock screener shows others metrics that the TMX doesn’t have… In order to a good research, you have to select other metrics to pick stocks that will show great dividend growth when you look at their financial statements. Here are the metrics I use:

Descriptive:
Dividend yield: over 3%

Fundamental:
P/E Ratio: under 15
EPS Growth next 5 years: over 5%
Return on Equity: over 10%
Forward P/E Ratio: under 15
Sales Growth past 5 years: positive
EPS Growth past 5 years: over 5%
Payout ratio: under 70%

http://finviz.com/screener.ashx?v=111&f=fa_div_o3,fa_eps5years_o5,fa_estltgrowth_o5,fa_fpe_u15,fa_payoutratio_u70,fa_pe_u15,fa_roe_o10,fa_sales5years_pos&ft=2

This method was published at http://www.thedividendguyblog.com/2013/01/28/the-ultimate-guide-to-finding-double-digit-dividend-growth-stocks/

Wednesday, October 2, 2013

September Dividend Income

In September, the portfolio dividend income was as follows:
PRS.OL NOK534.00
SDIV $80.10
OGZPY $108.15
GLNG $67.50
Total income was €258.02, after tax €198.41.

Kraft Foods Raises Dividend By 5%; Now Offers a 3.90% Yield (KRFT)

Late on Tuesday, October 1st 2013,  packaged foods manufacturer Kraft Foods Group Inc declared its next quarterly dividend, raising that payout to shareholders by 5%.
Kraft Foods will now pay out a quarterly dividend of 52.5 cents per share, up from its prior dividend payout of 50 cents per share. This new dividend will be paid on October 25 to shareholders of record on October 11, with an ex-dividend date of October 9.

Tuesday, October 1, 2013

September Transactions



On september 16th 2013 I bought 250 shares of Alerian MPL ETF (AMLP) to my portfolio at the price of €12.87 per share plus commission. That will give me about a 6.14% yield on cost. At the current dividend rate, I can expect to receive quarterly dividends of €34.35 (netto) from this purchase, which will add a total of €137.40 (netto) to my annual dividend income. My total holdings of AMLP are now 500.

On september 19th 2013 I bought 300 shares of Prosafe Se (PRS.OL) to my portfolio at the price of €6.53 per share plus commission. That should give me a 6.77% yield on cost. At the current dividend rate I can expect to recive quarterly dividends of €23.67 (netto) from this purchase, which will add a total of €94.67 (netto) to my annual dividend income. My total holdings of Prosafe SE are now 900.

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