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Dividend Stock Advisor

Low Rates Bode Well for Dividend Stocks

By David Peltier | 05/21/15 - 01:02 PM EDT
Stocks in Focus: CPB, T, SON, MO, COP, KLAC, LMT, WM

The Dow Jones Select Dividend Index (DVY:NYSE), the benchmark of the model portfolio, gained 2% over the past two weeks. The first-quarter earnings season is now behind us and aggregate profits in the S&P 500 grew 3% from the previous year, compared with expectations for a 3% decline.

Even so, the latest economic data and comments from the Federal Open Market Committee lead us to believe that interest rates will remain low until 2016. This should benefit dividend-paying stocks, and we will continue to monitor our coverage universe for potential buying opportunities.

Earnings Previews

Campbell Soup (CPB:NYSE) will announce quarterly results on the morning of May 22. The consensus analyst estimates call for earnings of $0.52 a share in the fiscal third quarter (ended April), down from $0.62 a year ago, on $1.93 billion of revenue. The company has met or exceeded profit expectations five straight quarters.

Management will host a conference call at 8:30 a.m. ET that investors can access at (703) 639-1316, using the passcode 1654351. A replay will also be available for two weeks at 703-925-2533, using the same passcode. Both the live call and a replay can be accessed at the company's website: www.investors.campbellsoupcompany.com. On the call, we'll be listening for any guidance from management.

The shares gained 3% over the past two weeks and recently changed hands around $46. We maintain the company is attractively valued for its 2.7% dividend yield.

Company Updates

AT&T (T:NYSE) gained more than 4% over the past two weeks and recently changed hands around $35. We maintain the stock is attractive to purchase at current levels, for the 5.4% dividend yield.

Sonoco Products (SON:NYSE) also moved more than 4% higher over the past two weeks and recently changed hands around $46. We continue to believe that shares are attractive to purchase at current levels, for the 3% dividend yield.

Dividend Reminders

Altria (MO:NYSE) declared its latest quarterly dividend of $0.52 a share (4.1% yield) on May 20. Investors at the close of trading on June 10 will qualify for the payment on July 10.

ConocoPhillips (COP:NYSE) announced its next quarterly dividend of $0.73 a share (4.5% yield) On May 12. Investors at the close of trading on May 19 will qualify for the payment on June 1.

KLA-Tencor (KLAC:Nasdaq) declared its latest quarterly dividend of $0.50 a share (3.4% yield) on May 7. Investors at the close of trading on May 13 will qualify for the payment on June 1.

Lockheed Martin (LMT:NYSE) investors at the close of trading on May 27 will qualify for the next quarterly dividend of $1.50 a share (3.1% yield), to be paid on June 26.

Waste Management (WM:NYSE) announced its next quarterly dividend of $0.385 a share (3.1% yield) on May 11. Investors at the close of trading on June 2 will qualify for the payment on June 19.

Regards,

David S. Peltier

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05/21/15 - 11:04 AM EDT
Dividend Dates This Week for 4 Holdings
Stocks in Focus: HP, SON, KLAC, SO

Here are the upcoming 'must-own' dates for HP, SON, KLAC and SO.

05/12/15 - 11:50 AM EDT

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