OfficeMax, Abercrombie and Other Top Performing Dividend Payers in November
Here is a quick look at some of the top-performing dividend-paying stocks in the past month. These companies all have a market cap of more than $500 million, and their share prices are more than 20 percent higher than 30 days ago.
Abercrombie & Fitch (NYSE: ANF) shares jumped more than 30 percent following recent better-than-expected earnings and raised guidance. The Ohio-based retailer also saw strong Black Friday sales numbers. But the share price is still down about six percent year to date. The dividend yield is about 1.5 percent and the long-term EPS growth forecast is more than 18 percent. Because of the surge, the stock has outperformed American Eagle Outfitters (NYSE: AEO) and Gap (NYSE: GPS) over the past six months.
Georgia Gulf (NYSE: GGC) shares are trading more than 24 percent higher than 30 days ago, buoyed by strong third-quarter results and its impending merger with PPG Industries (NYSE: PPG). The Atlanta-based maker of chemicals and building products has a dividend yield of less than one percent. Its P/E ratio is greater than the industry average and the short interest is about 11 percent of the float. Over the past six months, the stock has outperformed Dow Chemical (NYSE: DOW) and PPG Industries.
OfficeMax (NYSE: OMX) has risen about 31 percent in the past month, due in part on speculation about a merger with rival Office Depot (NYSE: ODP), as well as the IPO filing of Boise Cascade, in which OfficeMax holds a stake. The share price reached a 52-week high last week. OfficeMax’s return on equity is a healthy 54 percent. But the short interest is more than 14 percent of the float, though that is the lowest it has been this year. The stock has outperformed Office Depot and Staples (NASDAQ: SPLS) over the past six months.
Sauer-Danfoss (NYSE: SHS), a subsidiary of privately held Danish company Danfoss A/S, jumped more than 33 percent last week on news that its parent wanted to buy out the Iowa-based industrial equipment maker. The share price is still more than six percent less than the 52-week high reached in February. The dividend yield is about 2.7 percent and the return on equity is more than 34 percent. The stock has outperformed the likes of Eaton (NYSE: ETN) and Parker-Hannifin (NYSE: PH) over the past six months.
Titanium Metals (NYSE: TIE) is to be acquired by Precision Castparts (NYSE: PCP). The news sent the stock more than 43 percent higher in mid November to a new 52-week high. Titanium Metals, or Timet, is based in Dallas, and its majority owner is Texas billionaire Harold Simmons. Its dividend yield is about 1.8 percent and the long term EPS growth forecast is near 15 percent. Due to the share price surge, the stock has outperformed Precision Castparts and the broader markets over the past six months.
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