Dividend-News
Daily dividend news for investors in dividend stocks
5 Alluring Dividend Candidates: Lorillard Is Our Top Choice
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Published Fri, 06 Apr 2012 06:51:43 -0400 on Seeking Alpha
"The wicked work harder to preach hell than the righteous do to get to heaven." American Proverb Lorillard, Inc. (LO), founded in 1760 manufacturers and sells cigarettes in the United States; Newport, Kent, True, Old gold and Maverick are some of its top selling brands. Its products are primarily sold to wholesale distributors; these wholesale distributors service chain stores, retail outlets, government agencies (U.S. Armed forces), etc. We like Lorillard for the following reasons: It approved a 19% increase in its quarterly dividend from $1.30-$1.55 per share. Earnings per share are projected to increase from $7.88 in 2011, to $8.92 in 2012 to $9.87 in 2013. It continues to gain market share in a declining industry. Newport is the largest menthol brand in the US. Its domestic market share climbed 0.8 points and now stands at 14% in the 4th quarter. For 2011, its share soared to 14.1%. Its brand... Read more


