Industrial conglomerate�Valmont Industries� (NYSE: VMI ) �will pay a�regular quarterly cash dividend�of $0.25 per share, representing an 11.1% increase in the payout to shareholders.
The payment will be made on July 15 to the holders of record at the close of business on June 28, the company announced Monday.
Valmont has paid a quarterly dividend consistently since 1992, with the just-declared quarterly dividend up from its prior distribution of $0.225. The dividend has increased every year since 2005.
Valmont designs and manufactures poles, towers, and structures for lighting and traffic, wireless communication, and utility markets, industrial access systems, and highway safety barriers. It also provides protective coating services and mechanized irrigation equipment for agriculture.
Hot Industrial Conglomerate Companies To Watch In Right Now: Morgan Stanley(MS)
Morgan Stanley, a financial holding company, provides various financial products and services to corporations, governments, financial institutions, and individuals worldwide. It operates in three segments: Institutional Securities, Global Wealth Management Group, and Asset Management. The Institutional Securities segment offers financial advisory services on mergers and acquisitions, divestitures, joint ventures, corporate restructurings, recapitalizations, spin-offs, exchange offers, and leveraged buyouts and takeover defenses, as well as shareholder relations, capital raising, corporate lending, and investments. This segment also engages in sales, trading, financing, and market-making activities, including equity trading, commodities, and interest rates, credit, and currencies, as well as financing services, such as prime brokerage, consolidated clearance, settlement, custody, financing, and portfolio reporting services. The Global Wealth Management Group segment provide s brokerage and investment advisory services covering various investment alternatives comprising equities, options, futures, foreign currencies, precious metals, fixed income securities, mutual funds, structured products, alternative investments, unit investment trusts, managed futures, separately managed accounts, and mutual fund asset allocation programs; education savings programs, financial and wealth planning services, and annuity and insurance products; credit and other lending products; cash management services; retirement services; and trust and fiduciary services. The Asset Management segment offers products and services in equity, fixed income, and alternative investments, such as hedge funds, fund of funds, real estate, private equity, and infrastructure to institutional and retail clients through proprietary and third party distribution channels. This segment also involves in investment and merchant banking activities. The company was founded in 1935 and is headq uartered in New York.
Advisors' Opinion:- [By Alexandra Leigh]
As a result of an impressive fourth quarter from its wealth-management division, Morgan Stanley will spend in excess of $500 million during the next 18 months in improving computer systems for the 16,780 financial advisers and support staff who work in its brokerage joint venture with Citigroup. President Gregory Fleming commented in a memo to all Morgan Stanley Wealth Management employees on Wednesday, seen by Dow Jones Newswires, that his company plans to make tech investments “above and beyond basic running costs” in order to “ensure and accelerate the improvement of our platform’s stability and functionality.”
- [By Chuck Carlson]
Morgan Stanley looks cheap at 10X trailing earnings and 8.6X forward earnings at a price to book value of just .85X. MS is actually much more highly leveraged than it was pre-crisis and even though the company could be through the worst of the mortgage mess that brought the shares to around $10 in the summer of 2008, the shares are not for the faint of heart and the risks are still quite pertinent.
- [By Louis Navellier]
Morgan Stanley (NYSE:MS) is another global financial services firm making this list. MS has been a big loser in 2011, dropping more than 49% in less than 10 months.
- [By Halah Touryalai]
There is a disconnect between the progress made by Morgan Stanley into a lower risk, wealth and asset manager (now half the company) and a stock that trades at over a one-third discount to its tangible book value. De-risking is reflected by double the capital and 50% more liquidity versus four years ago. Restructuring is aided by synergies from its brokerage integration, completed in July, and progress in downsizing less favorable trading activities. Growth is possible in depressed investment banking, which remains top-tier and may soon improve. The de-risking alone justifies a price of $23 but restructuring and growth have the potential to move the stock closer to tangible book of $28.
Hot Industrial Conglomerate Companies To Watch In Right Now: Cr Bergamasco(CBGI.MI)
Credito Bergamasco S.p.A operates in the banking industry in Italy. It offers demand deposits and time deposits, as well as short-term loans and medium/long-term loans. The company also performs other activities, such as bills portfolio, foreign currency transactions and securities, and interbank deposits and financing. Credito Bergamasco was established in 1891 and is headquartered in Bergamo, Italy. Credito Bergamasco S.p.A. operates as a subsidiary of Banco Popolare Societa Cooperativa Scarl.
Top 10 Shipping Companies To Buy Right Now: Pelangio Exploration Inc (PX.V)
Pelangio Exploration Inc., a junior gold exploration company, engages in the acquisition, exploration, and development of mineral property interests. The company has a 100% interest in the Obuasi Property that covers approximately 290 square kilometers; and the Manfo Property, which covers approximately 100 square kilometers in Ghana, West Africa. It also holds a 100% interest in the Birch Lake and Poirier Gold properties in Ontario, Canada, as well as has interests in various properties located in Ontario and Quebec. Pelangio Exploration Inc. was incorporated in 2008 and is headquartered in Milton, Canada.
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