Today, natural gas utility Questar (STR) announced a 4.3% increase in its quarterly dividend and a 2 for 1 stock split. On a pre-split basis, the quarterly dividend increases to 24.5 cents per share versus 23.5 cents per share on a year over year basis.
As noted in the PR Newswire release, the company has increased its dividend in 34 out of the last 35 years. The projected payout ratio is approximately 18% based on 2007 estimated earnings of $5.38. The 5-year average historical payout ratio is approximately 30%.
As noted in the PR Newswire release, the company has increased its dividend in 34 out of the last 35 years. The projected payout ratio is approximately 18% based on 2007 estimated earnings of $5.38. The 5-year average historical payout ratio is approximately 30%.
(click on table/chart for larger image)
No comments :
Post a Comment