This stock has been around for a long, long time. This is a stock that is the
eighth oldest listed stock on the New York Stock Exchange, has traded on the
exchange for 121 years, was one of the original stocks in the Dow Jones
Industrial Average in 1896, has increased its dividend for the last seven years,
and was founded in 1857, more than a century and a half ago. On top of that, the
company just boosted its quarterly dividend by 2.5% to 40.5 cents per share,
providing a very favorable yield of 4.6%. The stock, Laclede Group Inc. (LG),
which was formerly known as Laclede Gas Company, is a natural gas utility that
provides natural gas service to about 630,000 residential, commercial, and
industrial customers in Missouri. It trades at 13.5 times forward earnings and
has an operating cash flow of about three times its total dividend payout. The
company has increased its dividend every year since 2003. Laclede recently
reported net income for its fiscal year ended September 30, 2010 at $2.43
diluted earnings per share, the third-highest in the company's history. For the
fourth fiscal quarter of 2010, the company narrowed its loss, reporting a loss
of $0.07 per share, versus a loss of $0.22 per share for the same quarter last
year. Quarterly earnings rose 12.7% year over year. There are many other high
yield natural gas and propane gas utilities. WallStreetNewsNetwork.com has just
updated its Excel list of 25 gas utilities with yields ranging up to to 7.5%,
such as Nicor (GAS) yielding 4.2%, Spectra Energy (SE) yielding 4.2%, and
Chesapeake Utilities (CPK) yielding 3.5%. Disclosure: Author did not own any of
the above at the time the article was written. By Stockerblog.com
Monday, November 29, 2010
Spotlight on a 4.6% Gas Utility Generating Revenues for Over 150 Years
dow2664
This stock has been around for a long, long time. This is a stock that is the eighth oldest listed stock on the New York Stock Exchange, has traded on the exchange for 121 years, was one of the original stocks in the Dow Jones Industrial Average in 1896, has increased its dividend for the last seven years, and was founded in 1857, more than a century and a half ago. On top of that, the company just boosted its quarterly dividend by 2.5% to 40.5 cents per share, providing a very favorable yield of 4.6%. The stock, Laclede Group Inc. (LG), which was formerly known as Laclede Gas Company, is a natural gas utility that provides natural gas service to about 630,000 residential, commercial, and industrial customers in Missouri. It trades at 13.5 times forward earnings and has an operating cash flow of about three times its total dividend payout. The company has increased its dividend every year since 2003. Laclede recently reported net income for its fiscal year ended September 30, 2010 at $2.43 diluted earnings per share, the third-highest in the company’s history. For the fourth fiscal quarter of 2010, the company narrowed its loss, reporting a loss of $0.07 per share, versus a loss of $0.22 per share for the same quarter last year. Quarterly earnings rose 12.7% year over year. There are many other high yield natural gas and propane gas utilities. WallStreetNewsNetwork.com has just updated its Excel list of 25 gas utilities with yields ranging up to to 7.5%, such as Nicor (GAS) yielding 4.2%, Spectra Energy (SE) yielding 4.2%, and Chesapeake Utilities (CPK) yielding 3.5%. Disclosure: Author did not own any of the above at the time the article was written. By Stockerblog.com
Spotlight on a 4.6% Gas Utility Generating Revenues for Over 150 Years
Hot Stocks: Superior Energy Services and Stillwater Mining Company
dow2664
Hot Stocks: Superior Energy Services and Stillwater Mining Company Schaeffers Research – 46 minutes ago The Dow Jones Industrial Average (DJIA) has plummeted more than 134 points this morning, as skepticism that the Irish bailout would have any chance at containing the euro zone debt crisis …
Hot Stocks: Superior Energy Services and Stillwater Mining Company
Hot Stocks: Superior Energy Services and Stillwater Mining Company
Hot Stocks: Superior Energy Services and Stillwater Mining Company Schaeffers
Research - 46 minutes ago The Dow Jones Industrial Average (DJIA) has plummeted
more than 134 points this morning, as skepticism that the Irish bailout would
have any chance at containing the euro zone debt crisis ...
Research - 46 minutes ago The Dow Jones Industrial Average (DJIA) has plummeted
more than 134 points this morning, as skepticism that the Irish bailout would
have any chance at containing the euro zone debt crisis ...
Google Alert - gold prices today
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| Gold and silver daily commentary (November 29, 2010) Stock Markets Review While some physical commodity prices are showing gains this morning, action throughout the entire commodity space is initially mixed today and that suggests ... See all stories on this topic » | ||
| Today's Focus Stock – NATC Beacon Equity Research ... could easily contain 1.5 million ounces of gold bullion, plus another 6 million ounces of silver! (Read more) At today's record precious metal prices, ... See all stories on this topic » | ||
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Google Alert - kitco gold
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| Gold Prices Mixed on Stronger Dollar TheStreet.com The spot gold price was down 80 cents, according to Kitco's gold index. Despite the European Union's attempts to curb the selloff in the euro, ... See all stories on this topic » |
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Google Alert - dow jones stocks
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| US Stocks Drop On Euro-Zone Concerns Despite Irish Bailout Wall Street Journal By Donna Kardos Yesalavich NEW YORK (Dow Jones)--US stocks fell Monday despite the sealing of a $113 billion Irish bailout as investors were skeptical of ... See all stories on this topic » | ||
| US Stocks Fall as Europe Debt Crisis Offsets Holiday Sales BusinessWeek Hewlett-Packard Co. and McDonald's Corp. slid at least 1 percent for the biggest declines in the Dow Jones Industrial Average. Amazon.com Inc. gained 1.8 ... See all stories on this topic » | ||
| Brazil Stocks Open Lower On Continued Europe, Korea Concerns Wall Street Journal RIO DE JANEIRO (Dow Jones)--Brazilian stocks opened slightly lower Monday as agreement on an Irish bail-out package failed to alleviate market concern over ... See all stories on this topic » | ||
| At the open: Stocks lower on Europe worries Globe and Mail (blog) In New York, the Dow Jones industrial average was down 72.20 points at 11019.80, the S&P 500 was off 8.90 points at 1180.50, and the Nasdaq composite index ... See all stories on this topic » |
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