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Strategies & Market Trends : Dividend investing for retirement

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To: Triffin who wrote (9615)7/27/2011 7:39:01 PM
From: Triffin  Read Replies (2) of 34328
 
TAL raises quarterly payout to $0.52 ..

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5:18PM Tal International beats by $0.13, misses on revs; co raises quarterly dividend to $0.52 ( TAL) 29.36 -0.43 : Reports Q2 (Jun) earnings of $0.99 per share, $0.13 better than the Capital IQ Consensus Estimate of $0.86; revenues rose 37.6% year/year to $120.2 mln vs the $121.8 mln consensus. Co says "In general, we expect our market to remain favorable for the rest of the year. The supply / demand balance for containers remains generally tight, new container prices remain historically high, and we expect most of our customers to remain cautious about placing large orders for new containers. As a result, we expect our key operating metrics to remain strong throughout 2011... Financially, growth in our leasing revenue should accelerate in the third quarter as we benefit from a full period of leasing revenue on the containers placed on-hire in the second quarter and as containers committed to leases continue to go on-hire. However, we expect sale prices and gains to start to moderate from their current record level, and we expect our adjusted pre-tax income for the third quarter to decrease slightly from the exceptional results we achieved in the second quarter. Still, we expect our operating performance, growth and profitability to remain very strong for the foreseeable future."

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Triff ..
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