Sunday, February 07, 2010

Catching Up On A Few Dividend Increases From Last Week

Last week saw a number of companies announce increases in their dividends. Two notable increases were from L-3 Communications (LLL) and Colgate Palmolive (CL).

L-3 Communications and Colgate Palmolive dividend analysis table
L-3 Communications
  • announced a 14% increase in the quarterly dividend to 40 cents per share versus 35 cents per share in the same quarter last year.
  • based on 2010 estimated earnings per share of $8.15, the projected payout ratio is 20%. This compares to the 5-year average payout ratio of 16%.
  • LLL carries an S&P Earnings & Dividend Quality Ranking of A-.

Colgate-Palmolive
  • announced a 20% increase in the quarterly dividend to 53 cents per share versus 44 cents per share in the same quarter last year.
  • based on 2010 estimated earnings per share of $4.85, the projected payout ratio is 45%. This compares to the 5-year average payout ratio of 45%.
  • CL carries an S&P Earnings & Dividend Quality Ranking of A+.


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