A glance at these five dividend stocks

The Reject Shop Ltd

TRS Dividend Details
 
Higher valuations: The Reject Shop Ltd (ASX: TRS) reported its first half yearly financial results for 2016 with sales increasing 5.6% on prior corresponding period basis to $424.7 million. Comparable store sales were up 4.4% during the same period. Net profit after tax stood at $18.3 million, up 43% on prior comparable period basis. Trading at a dividend yield of 2.82%, the company declared an interim fully franked dividend of 25 cents per share compared to 16.5 cents per share in year ago period. TRS is currently trading at a high P/E ratio and its current price levels are also close to its 52-week high levels with past one month price gain at 31.16% (as at March 01, 2016). Based on the above stated factors, we rate the stock "Expensive" at the current share price.
 
 
TRS Daily Chart (Source: Thomson Reuters)
 

Coca-Cola Amatil Ltd

CCL Dividend Details
 
Moderate financial growth: Coca-Cola Amatil Ltd (ASX: CCL) reported a total revenue of $5.19 billion for its financial year 2015, an increase of 3.0% from the prior year. Earnings before interest and taxes increased 1.4% to $660.6 billion, while profit attributable to CCL shareholders rose 44.6% to $393.4 million. The company's performance is affected by challenging conditions in its Australian beverage segment which forms a major portion of its group EBIT.

 

Financial outlook (Source: Company reports)
 
Despite these conditions, CCL was able to deliver a decent top line growth and we believe that its investments would deliver better returns in the coming periods. CCL is also trading at a decent dividend yield. With the stock slightly recovering in the last few weeks, we recommend investors to "HOLD" the stock at the current share price of  $8.57
 
 
CCL Daily Chart (Source: Thomson Reuters)
 

ARB Corp Ltd

ARB Dividend Details
 
Rising sales and profits: ARB Corp Ltd (ASX: ARB) reported a net profit after tax of $23.3 million for the first half year ended December 31, 2015, indicating a 14% increase from that reported in period a year ago. Sales for the period were up 7.4% to $174.3 million. Trading at a dividend yield of about 2%, the company declared an interim dividend of 14.5 cents per share compared to 13 cents per share in year ago period. ARB is trading at a high P/E ratio and is currently close to its 52-week high levels. ARB stock have corrected over 6.71% (as of March 01, 2016) during this year to date and we believe that the correction in the stock to continue in the coming months. Based on above factors, we give ARB an "Expensive" recommendation at the current share price.
 
 
ARB Daily Chart (Source: Thomson Reuters)
 

Monadelphous Group Ltd

MND Dividend Details
 
Weakening industry impacting sales: Monadelphous Group Ltd (ASX: MND) recorded its half yearly financial results with sales revenue down 29.9% to $737 million mainly affected by a slowdown in investment in construction projects. Net profit after tax dipped 37.9% to $37.6 million. During the first half, MND was awarded new contracts and contract extensions valuing almost $1 billion. Looking ahead, full year revenue is forecasted to be around 25% lower than 2014-2015 levels.

 

Deteriorating cash flow position (Source: Company reports)
 
Although the group is trading with a strong dividend yield, and declared an interim dividend of 28 cents per share, the continuing deterioration of the resources and energy market conditions might hurt its stock performance in the coming months. Based on the foregoing, we give the stock an "Expensive" recommendation at current levels.
 
 
MND Daily Chart (Source: Thomson Reuters)
 

IOOF Holdings Ltd

IFL Dividend Details
 
Strong financials and integration synergies: IOOF Holdings Ltd(ASX: IFL) reported its interim financial results with underlying net profit after tax of $95.4 million, an increase of 18% in the first half of 2015/2016 against prior comparable period. During the period, the company successfully integrated with Shadforth and delivered $11.3 million in pre-tax cost synergies.
 


Financial highlights (Source: Company reports)
 
When combined with previously realised revenue synergies, IOOF is on track to deliver in excess of $30 million in total synergies by the end of financial year 2016. Trading at a strong dividend yield with declared interim dividend of 28.5 cents per share (14% year on year rise) and above stated strong financial performance, we rate the stock as a "BUY" at the current share price of  $8.55
 
 
IFL Daily Chart (Source: Thomson Reuters)

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