Analysis – St. Jude Medical Inc. Increases Dividend by 4%

STJ

St. Jude Medical Incorporated announced a regular quarterly dividend of $0.31, a 4 percent increase from the prior rate of $0.29 per share. The dividend will be paid at the new higher rate on April 29, 2016, to shareholders of record at close of business on March 31, 2016.

Date Quarterly Dividend
3/31/2016 0.31
12/29/2015 0.29
9/28/2015 0.29
6/26/2015 0.29
3/27/2015 0.29
12/29/2014 0.27
9/26/2014 0.27
6/26/2014 0.27
3/27/2014 0.27
12/27/2013 0.25
9/26/2013 0.25
6/26/2013 0.25
3/26/2013 0.25
12/27/2012 0.23
9/26/2012 0.23
6/27/2012 0.23
3/28/2012 0.23
12/28/2011 0.21
9/28/2011 0.21
6/28/2011 0.21
3/29/2011 0.21

Analysis of Valuation of St. Jude Medical Inc. (Symbol STJ).

St. Jude Medical is trading below its average price/sale (P/S) range. St. Jude Medical is trading above its average historical dividend yield. 

Price 2/22/16 % Yield 5 Year Div. Growth Rate  SPS    2016 P/S Ratio 10 yr P/S  Low 10 yr P/S  High 5 yr max Yield % 5 yr lowest Yield %
$54.00 2.17% 6.5% 21.55 2.91 1.82 4.50 2.87% 0.40%

St. Jude Medical Inc. Dividend Yield Chart (Click to enlarge) STJ2

Explanation:  Dividend growth stocks may be valued upon historical relative price/sales and current yield analysis. Dividend stocks trading at a low historical price/sales (P/S) ratio should be viewed more highly to investors due to their depressed valuation versus other higher P/S ratio stocks.  Max P/S price target is based upon company reaching its highest historical P/S ratio.  Dividend stocks should also be viewed favorably when the current yield is above historical readings for the past 10 years.  Further information on evaluating dividend growth candidates can be found at http://seekingalpha.com/author/timothy-mcintosh/articles

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