|
|
Recent Articles
-
Procter & Gamble Raises Core EPS Guidance
Apr 19, 2024
-
Image Source: P&G Q3 Earnings Presentation.
We like P&G’s long consecutive dividend growth track record (68 consecutive years), and its pricing strength was firmly on display during its fiscal third quarter. The company continues to target adjusted free cash flow productivity of 90% (operating cash flow as a percentage of net earnings), while it plans to pay $9 billion in dividends and buy back $5-$6 billion in common shares in fiscal 2024. Shares of P&G yield ~2.6% at the time of this writing.
-
Netflix to Stop Reporting Membership Numbers Starting Next Year
Apr 19, 2024
-
Image: Netflix still has a lot of room for growth.
From where we stand, Netflix has won the streaming wars. Nearly 270 million households across 190+ countries subscribe to its content, and with estimates that there are more than two people per household, management emphasized that it has an audience of more than a half a billion people. Netflix has further room for growth, too, as it notes that its share of TV viewing is less than 10% in every country. Management pointed to content such as the boxing match between Jake Paul and Mike Tyson, as well as live programming such as WWE Raw as a couple examples to keep audiences entertained. We like Netflix, but we can’t get comfortable adding it to any newsletter portfolio at this time.
-
Dividend Increases/Decreases for the Week of April 19
Apr 19, 2024
-
Let's take a look at firms raising/lowering their dividends this week.
-
Kinder Morgan Issues Strong Outlook; Adjusts Leverage Target
Apr 18, 2024
-
Image: Kinder Morgan’s shares have been choppy during the past couple years.
We liked the 2024 outlook for Kinder Morgan, one of the largest energy infrastructure companies in North America. The company benefits from fee-based cash flows backed by multi-year contracts, and the firm is doing a much better job managing traditional free cash flow and its leverage. In its latest quarterly release, management adjusted lower its long-term leverage target to the range of 3.5x to 4.5x for net-debt-to-Adjusted EBITDA (was 4.5x previously). Shares yield 6.3% on a forward estimated basis.
|
