Wajax Reports Q4 and Full Year 2013 Earnings

On March 04, 2014, Wajax Corp reported its Fourth Quarter and Full Year ending December 31, 2013 earnings.

Q4 2013 revenue was $391.7 million up 7% from Q4 2012 revenue of $364.9 million but the net earnings for the quarter were $12.2 million – down 14% compared to the net earnings of $14.2 million for Q4 2012.

Earnings per share for Q4 2013 were $0.73  – also down 14% from Q4 2012 earnings per share of $0.85.

Full year 2013 revenue was $1, 428.5 million – down 2.6% from FY 2012 revenue of $1, 466.0 million.

Net earnings for FY 2013 were $47.7 million – down 27.6% from FY 2012 net earnings of $65.9 million.

Earnings per share for FY 2013 were $2.85 – down 27.8% from earnings per share of $3.95 for FY 2012.

The company expects 2014 earnings to be similar to 2013 with Q1 2014 earnings to be weaker than Q1 2013.

Current EPS(ttm) is 2.97 and P/E(ttm) is 13.23 (Source: Yahoo Finance)

52 week trading range is $29.38 to $40.35.

Closing price on Mar 04, 2014 was $38.06.

 

Ford Vehicle Sales for February, 2014

On March 03, 2014, the Ford Motor Company released its vehicle sales for the month of February, 2014.

February 2014 U.S. sales of 183,947 vehicles were down 6% from a year ago; retail sales total of 125,919 vehicles were down 4% from a year ago and fleet sales were off 10%.

The company blamed the volume decline on harsh winter weather and expects to make up the slack in March, 2014.

BMO Declares Q2 2014 Dividend

On February 25, 2014, Bank of Montreal declared a dividend of 76 cents ($0.76) per common share. This dividend is payable on May 27, 2014 to shareholders of record on May 01, 2014. The ex-dividend date is April 29, 2014.

The closing price of BMO shares on Feb 28, 2014 was $72.94, so the dividend represents an annual yield of 4.17%.

Bank of Montreal Reports Q1 2014 Earnings

On Tuesday, February 25, 2014, The Bank of Montreal reported its earnings for the First Quarter of 2014 ended January 31, 2014.

Q1 2014 revenue was $4.122 billion – up 2.23% compared to a revenue of $4.032 billion for Q1 2013.

Adjusted Q1 2014 revenue was $4.122 billion – up 8.13% compared to an adjusted revenue of $3.812 billion for Q1 2013.

Q1 2014 net income was $1.061 billion – up 2.41% compared to Q1 2013 net income of $1.036 billion.

Adjusted Q1 2014 net income was $1.083 billion – up 5.25% compared to Q1 2013 adjusted net income of $1.029 billion.

Q1 2014 earnings per share were $1.58 – up 4.64% from Q1 2013 earnings per share of $1.51.

Adjusted Q1 2014 earnings per share were $1.61 – up 7.33% from Q1 2013 earnings per share of $1.50.

The market reacted positively to the results.

On February 25, 2014, the closing price of the stock on TSX was $72.63.

The 52 week price range for the stock is $58.68 – $74.69.

 

Cisco Systems Increases Quarterly Dividend

On Wednesday, February 12, 2014, Cisco Systems announced an increase in its quarterly dividend to 19 cents ($0.19) per common share from 17 cents ($0.17) per common share paid in the previous quarter. This is an increase of 11.76%.

This increased dividend will be paid on April 23, 2014 to shareholders of record on April 03, 2014. The ex-dividend date is April 01, 2014.

On February 12, 2014, Cisco shares closed at $22.85, so this dividend represents an annual yield of 3.33%.

AIG Increases Quarterly Common Stock Dividend by 25%

On Thursday, February 13, 2014, AIG declared a dividend of 12.5 cents ($0.125) per share on its common stock. This represents an increase of 25% from the previous dividend of 10 cents ($0.10) per share. This dividend is payable on Tuesday, March 25, 2014, to stockholders of record at the close of business on Tuesday, March 11, 2014. The ex-dividend date is March 07, 2014.

AIG stock’s closing price on February 13, 2014 was $49.59. At this price, the dividend works out to an annual yield of 1.0%.

AIG Reports Q4 and Full Year 2013 Earnings

On Thursday, February 13, 2014, American International Group, Inc. (NYSE: AIG) reported net income of $2.0 billion or $1.34 per diluted share for the fourth quarter ended December 31, 2013, compared to a net loss of $4.0 billion or $2.68 per diluted share for the fourth quarter of 2012. The fourth quarter 2012 results included a $4.4 billion net loss associated with the sale of ILFC and pre-tax catastrophe losses of $2.0 billion from Storm Sandy ($1.3 billion after tax). Full year 2013 net income was $9.1 billion or $6.13 per diluted share, compared with $3.4 billion, or $2.04 per diluted share, for the full year of 2012.

After-tax operating income grew to $1.7 billion or $1.15 per diluted share, for the fourth quarter of 2013, compared to $290 million or $0.20 per diluted share, in the fourth quarter of 2012. After-tax operating income for the full year of 2013 was $6.8 billion or $4.56 per diluted share, up from $6.6 billion or $3.93 per diluted share for full year 2012.

AIG stock’s 52 week price range is $36.68 – $53.33.

Precision Drilling Declares First Quarter 2014 Dividend

On Thursday, February 13, 2014, Precision Drilling Corporation (TSX: PD) declared a first quarter 2014 dividend of 6 cents ($0.06) per common share. This dividend is payable on March 14, 2014 to shareholders of record on February 27, 2014. The ex-dividend date is Tuesday, February 25, 2014.

On Feb 12, 2014 the stock’s closing price on TSX was $10.44. At this price, the dividend represents an annual yield of 2.30%.