Two dividend stocks Venture and Elec, both technology stocks that pay good dividends announces weak earnings.
Venture is tracked on my Dividend stock tracker while Elec is tracked at my 20 small caps for 2013.
Venture
Venture’s profit was weaker but more or less attributable to inventory costs building up. Revenue was down for the period (7.6%)
Overall net profit was 27 mil versus 35 mil last year.
Venture outstanding shares: 275 mil
Expected dividend per share: $0.50 (at $7.55, dividend yield is 6.6%)
Required cash flow for dividend: 137 mil or 34 mil per quarter
Venture gain a lot from exchange differences. I will say they barely scraped by their cash flow to pay for this full year dividend. Annualized dividend is around 112 mil.
Elec & Eltek
Report here
EBITDA was down 8% which is large but still ok. ...
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