3 Dividend Stocks to look at in 2021 - P&G, Phillips 66, Eaton Vance

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Summary

  • P&G, Phillips 66 and Eaton Vance are some popular blue-chip dividend-paying stocks among the market participants.
  • P&G delivered a decent result in Q2 FY2021. It has recently partnered with Rhinostics to take new Nasal Swab to market to enhance the pace of COVID-19 testing.
  • Phillips reported a loss of US$539 million in Q2 FY2021. However, lately, it received a US$3 million funding from the U.S. Department of Energy to progress the advancement of increased performance reversible solid oxide fuel cells.
  • Eaton's results were also not impressive in FY2020. However, in the recent announcement, it highlighted an increase in its AUM in December 2020 quarter.

The year 2020 was a challenging period for most of the companies. While many businesses were hit affected by COVID-19, some could smoothly sail through the pandemic due to the nature of their business. Amongst various companies listed on NASDAQ and NYSE, stocks that continually draw the market participants' attention are the ones that pay a dividend.

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This article looks at three dividend-paying companies and their recent updates.

Procter & Gamble (NYSE:PG)

Procter & Gamble is the largest consumer goods company globally and home to iconic and most trusted brands. It has been more than 180 years; the Company came into existence.

The Company is also a consistent dividend player and has lately announced a cash dividend of US$0.791, which would be provided on 16 February 2021.

Some Key data related to the Company:

A Glance at Q2 FY2021 Results:

On 20 January 2021, Procter & Gamble announced its Q2 FY2021 outcome for the quarter ended 31 December 2020.

  • Net sales improved by 8% to US$19.7 billion as compared to the prior corresponding period (pcp).
  • Diluted EPS rose 4% to US$1.47 on pcp.
  • Core EPS for the period was US$1.64, a growth of 15% on pcp.
  • Operating cash flow during the period was US$5.4 billion.
  • Adjusted free cash flow productivity stood during the period was 113%
  • P&G returned US$5 billion of cash to stockholders through US$2 billion of dividend payments along with US$3 billion of repurchase of common shares.

Some Recent Developments:

  • P&G entered into a partnership with Rhinostics to bring new Nasal Swab to market to enhance the pace of coronavirus testing.
  • P&G's Microban 24 and Laurent Duvernay-Tardif joined forces to identify sanitation laborers as the ‘Most Valuable Protector before NFL Super Bowl LV.

Phillips 66 (NYSE:PSX)

Diversified energy manufacturing and logistics company, Phillips 66, has consistently provided a dividend to its shareholders. It has given an annualized dividend of US$3.60.

Some Key data related to the Company:

Key Q4 FY2020 Highlights:

  • Reported a loss of US$539 million or US$1.23 per share.
  • It generated operating cash flow of US$639 million.
  • During the quarter, the Company finished the extension of Sweeny Hub Phase 2 and the 4th dock at Beaumont Terminal.
  • It also commissioned a second dock along with extra storage at South Texas Gateway Terminal.

Some Recent Development:

  • On 21 January 2021, the Company received a US$3 million funding from the U.S. Department of Energy to progress the expansion of high-performance reversible solid oxide fuel cells. For this, the Company would collaborate with the Georgia Institute of Technology to show the commercial possibility of a low-cost & highly effective reversible solid oxide fuel cell system for generating hydrogen and electricity.
  • On 04 February 2021, Royal Phillips and the Dutch SAZ group of 28 hospitals have signed a strategic partnership deal in connected care. The partnership is for five years and would include the monitoring, surveillance, and self-management of patients all through the entire care journey inside as well as outside the hospital. The whole process would be inside and outside the hospital.

Eaton Vance Corporation (NYSE:EV)

Eaton Vance Corporation, the provider of advanced investing & wealth management solutions to financial advisors, HNI individuals, & institutional investors, is a consistent dividend payer.  It has provided an annualized dividend of US$1.50 in FY2020. Let's take a quick look at some key data related to the Company.

Some Key data related to the Company:

FY2020 Highlights (Period ended 31 October 2020)

On 24 November 2020, Eaton Vance reported its diluted EPS of US$1.20.

  • Adjusted earnings exceeded earnings under U.S. GAAP by US$2.09 per diluted share. It reflects the reversal of US$108.6 million of accelerated stock-based compensation expenditure plus US$6.3 million of other costs realized related to the planned acquisition of Eaton Vance by Morgan Stanley.
  • Eaton Vance had combined net inflows of US$4.7 billion. It represents 1% internal growth in managed assets.

A Glance at Eaton Vance’s asset under management for December 2020:

On 15 January 2021, Eaton Vance Corp reported AUM of US$583.1 billion as on 31 December 2020. The AUM as on 31 October 2020 stood at US$515.7 billion.

Recent Development:

Parametric Portfolio Associates LLC, an affiliate company of Eaton Vance and the top SMA manager, declared the release of the Parametric Diversity Fellowship for Quantitative Investment Talent at the University of Washington and the University of Minnesota. It represents the deep commitment of Parametric to diversity, equity plus inclusion in the finance business by encouraging and developing future industry leaders.

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