Southwest Airlines� (NYSE: LUV ) will raise its quarterly dividend fourfold, the company announced yesterday, increasing it to $0.04 a share from the current level of a penny. Annualized, this amounts to more than $100 million.
The quarterly dividend will be paid on June 26 to shareholders of record as of June 5. The dividend marks Southwest's 147th consecutive quarterly dividend payment.
The airline operator also announced�it was increasing its existing�$1 billion�share repurchase authorization to�$1.5 billion, of which�an initial�$250 million�will be bought back on an accelerated basis. So far, $725 million in share repurchases of the $1.5 billion authorization have been completed since August 2011, reducing shares outstanding by more than 10%.
Southwest CEO Gary C. Kelly�said: "Over the past 24 months, we have returned over 20% of our operating cash flows, or approximately�$770 million, to shareholders through share repurchases and dividends."
Top 5 Penny Companies To Own For 2014: (COTE)
Coates International, Ltd. engages in the development of Coates spherical rotary valve (CSRV) system technology for use in piston-driven internal combustion engines. The CSRV system technology is designed to replace the intake and exhaust conventional poppet valves used in various piston-driven stationary, automotive, truck, motorcycle, marine, and electric power generator engines. The CSRV system technology is used in various applications, including engines for electric generators for home use, industrial complexes, and grid installations; and engines to power motorcycles, automobiles, light trucks, heavy trucks, machinery, railroads, marine engines, military equipment, light aircraft, helicopters, lawn mowers, snowmobiles, and jet skis. The company holds the licensing rights for the CSRV system technology in North America, Central America, and South America. Coates International, Ltd. was founded in 1988 and is based in Wall Township, New Jersey.
Advisors' Opinion:- [By Dug]
Coates International Ltd. (OTC: COTE)is up 4.65% to $0.225 on volume of over 206K shares. It has a 52-week range of $0.10 – $0.40. (OTC:COTE), (COTE)
Top 5 Penny Companies To Own For 2014: Trailer Bridge Inc.(TRBR)
Trailer Bridge, Inc., an integrated trucking and marine freight carrier, provides freight transportation services between the continental United States, Puerto Rico, and the Dominican Republic. It provides services through southbound containers and trailers, as well as through marine vessels that are configured to carry 48 inch and 53 inch long, and 102 inch wide high-cube equipment. The company also involves in moving new and used automobiles, non-containerized or freight not in trailers, and freight moving in shipper owned or leased equipment. It offers highway transportation services in the continental United States; and marine transportation services between Jacksonville, Florida, San Juan, Puerto Rico and Puerto Plata, and the Dominican Republic. The company also provides rail transportation services. In addition, it engages in chartering its vessels that are not in liner service to third party operators. The company ships furniture, consumer goods, raw materials for manufacturing, electronics, new and used automobiles, and apparel to Puerto Rico; healthcare products, pharmaceuticals, electronics, shoes and recyclables from Puerto Rico; raw materials for manufacturing to the Dominican Republic; and apparel, raw materials for manufacturing, and recyclables from the Dominican Republic. As of December 31, 2010, it operated a fleet of 141 tractors comprising of 79 company owned units and 62 leased and owner operator units; 2 736' triple-deck ro/ro ocean-going barges and 5 triplestack box carriers; and 3,957 high cube containers, 3,157 chassis, 164 high-cube trailers, and 299 vehicle transport modules, as well as leased 435 chassis and 531 high-cube containers. Trailer Bridge, Inc. was founded in 1991 and is headquartered in Jacksonville, Florida.
Top Up And Coming Companies For 2014: (NRTLQ)
Nortel Networks Corporation does not have significant operations. Previously, it engaged in supplying end-to-end networking products and solutions, including hardware, software, and services to service providers and enterprise customers. The company was founded in 1914 and is based in Mississauga, Canada. On January 14, 2009, Nortel Networks Corporation filed for creditor protection under the Companies' Creditors Arrangement Act in Canada.
Advisors' Opinion:- [By Stock Chaser]
Nortel Networks Corp. (PINK:NRTLQ) is up 31% today at $0.0320 with an intraday high of $0.0435. NRTLQ is having a good volume day with over 13 million shares traded so far. Nortel announced earlier this morning that they are selling their patent portfolio and have agreed to sell them to Google for $900 million in cash.
Top 5 Penny Companies To Own For 2014: ENSCO plc(ESV)
Ensco plc, together with its subsidiaries, provides offshore contract drilling services to the oil and gas industry. The company engages in the drilling of offshore oil and natural gas wells by providing its drilling rigs and crews under contracts with international, government-owned, and independent oil and gas companies. As of February 15, 2010, it owned and operated 42 jackup rigs, 4 ultra-deepwater semisubmersible rigs, and 1 barge rig. The company also has 4 ultra-deepwater semisubmersible rigs under construction. It operates in Asia, the Middle East, Australia, New Zealand, Europe, Africa, and North and South America. The company was formerly known as Ensco International plc and changed its name to Ensco plc in March 2010. Ensco plc was founded in 1975 and is based in London, the United Kingdom.
Advisors' Opinion:- [By Skousen]
Ensco is a global offshore contract drilling company. Cramer holds 2,100 shares of ESV stocks. ESV has a dividend yield of 2.97% and returned -5.86% since the beginning of this year. It has a market cap of $10.94B and a P/E ratio of 16.54. Robert Rodriguez and Steven Romick invested $429 million in ESV
- [By Jake Lynch]
Ensco(ESV) sells offshore contract drilling services to other oil and gas companies. The company is based in London.
Ensco is scheduled to report fourth-quarter results on Feb. 24. Its third-quarter adjusted earnings of 92 cents exceeded Wall Street's consensus forecast by 3.5%. Revenue of $428 million beat the target by 2.1%. Nevertheless, net sales are down 10% over 12 months and GAAP profit has declined year-over-year in seven consecutive quarters, hurting its stock.
But, the stock is cheap relative to those of peers, trading at a trailing earnings multiple of 13, a forward earnings multiple of 13, a book value multiple of 1.3 and a cash flow multiple of 9.1, 80%, 38%, 56% and 46% discounts to oil-and-gas industry averages.
Currently, 56% of analysts covering Ensco rate its stock "buy." Jefferies has a price target of $64 on the stock, suggesting 20% of upside in 2011. The highest target comes from FBR Capital Markets, which predicts a rise to $70 in the next 12 months.
Top 5 Penny Companies To Own For 2014: Life Partners Holdings Inc(LPHI)
Life Partners Holdings, Inc., through its subsidiary, Life Partners, Inc., operates in the secondary market for life insurance in the United States. It facilitates life settlement transactions by identifying, examining, and purchasing the policies as agent for the purchasers. The company?s financial transactions involve the purchase of life insurance policies at a discount to their face value for investment purposes. It serves institutional purchasers, which include investment funds designed to acquire and hold life settlements; and retail purchasers, such as high net worth individuals. The company was founded in 1971 and is based in Waco, Texas.
Advisors' Opinion:- [By Zacks]
Life Partners Holdings, Inc. (LPHI) is engaged in the secondary market for life insurance. The company gained almost 27.5% last week to become the top-performing Zacks #1 Rank company. It was also a top performer in the week ended Apr 20. Over the past month, earnings estimates for the year ending February 2008 are up approximately 22.7%.
Life Partners Holdings began this month by reached 52-week highs each day from May 2 through May 4. Last month, the company announced that it expects net income to surge 215% for fiscal 2007. This is attributed to an exceptional increase in net income beginning in the third quarter and continuing into the fourth quarter. For its fiscal fourth-quarter, earnings per share are expected at 22 cents, which would mark significant advances from both the year-ago performance and Wall Street expectations. The company plans to officially report its earnings later this month.
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