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Andeavor's 3Q17 Stock Performance Beat the S&P 500

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Part 5
Andeavor's 3Q17 Stock Performance Beat the S&P 500 PART 5 OF 14

Andeavor’s Steadily Growing Dividend Payments

Andeavor’s dividend per share

Andeavor’s (ANDV) dividend payments have been growing steadily over the past few years. In 3Q17, Andeavor paid a dividend of $0.59 per share—18% growth from 3Q15. The dividend was declared on August 10 and paid on September 15.

Andeavor’s Steadily Growing Dividend Payments

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Wall Street analysts expect Andeavor’s dividend payment to stay stable next quarter, 4Q17, at $0.59 per share, which could be because Andeavor recently raised its dividend payment in 3Q17. Plus, if we consider the past two years’ trend, we see that ANDV has raised its dividend payment in the third quarter of each year.

Andeavor’s dividend yield

A dividend yield is annualized dividends presented as a percentage of a stock price. Andeavor’s current dividend yield stands at 2.3%, having risen from 1.7% in 3Q15. The improvement in yield is due to steeper growth in dividend payment than the appreciation in Andeavor’s stock price in the stated period.

Peers’ dividend yields

Marathon Petroleum’s (MPC) dividend yield rose from 2.3% in 3Q15 to the current level of 2.9%, whereas Phillips 66’s (PSX) dividend yield rose from 2.8% to 3.0% in the same period. Comparatively, the broader-market SPDR S&P 500 ETF’s (SPY) dividend yield rose from 1.8% in 3Q15 to the current level of 1.9%.

Valero Energy’s (VLO) dividend yield rose even more sharply from 2.4% to 3.6%. Smaller players HollyFrontier (HFC) and Delek US Holdings’ (DK) dividend yields soared from 2.7% and 1.7%, respectively, in 3Q15 to the current levels of 4.5% and 2.3%, respectively.

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