The Joplin Globe, Joplin, MO

Local News

March 9, 2013

Empire District, Laclede get favorable ranking in Dividend Channel report

JOPLIN, Mo. — Forbes magazine reported this week that Dividend Channel has named both The Empire District Electric Co. and Laclede Group a “Top 10 dividend paying utility stock.”

The report was first published in Dividend Channel’s weekly ”DividendRank” analysis.

It noted that among utilities, Laclede and Empire shares “displayed both attractive valuation metrics and strong profitability metrics.”

The recent Laclede share price of $40.78 represents a price-to-book ratio of 1.5 and an annual dividend yield of 4.17 percent. By comparison, the average utility stock in Dividend Channel’s coverage universe yields under 4 percent and trades at a price-to-book ratio of 1.8.

Laclede is buying Missouri Gas Energy, which provides natural gas to Joplin residences and businesses.

The report also noted that Empire’s recent share price of $21.45 represents a price-to-book ratio of 1.3 and an annual dividend yield of 4.67 percent.

1
Text Only
Local News
  • Last two safe room projects up for Joplin School Board approval

    The Joplin Board of Education during its meeting tonight will consider more than $2.4 million in bid packages for safe rooms at Columbia and West Central elementary schools.

    April 20, 2014

  • AndraBryanStefanoni.jpg Andra Bryan Stefanoni: Mosaic pieces together purpose

    Today I want to tell you about a man named John — a man I never knew existed until last week. And yet he’s making a difference in my community. He is an individual served by Mosaic of Southeast Kansas, which also, I learned, is making a difference.

    April 20, 2014 1 Photo

  • 042017 Jo Ellis_c.jpg Jo Ellis: Carthage Historic Preservation to re-create trolley era

    Recapturing history is difficult, but recapturing history without a building, an artifact or a singular focal point is even harder. To celebrate National Historic Preservation Month, Carthage Historic Preservation wants to recapture an era and an experience that have been gone from the city for almost 80 years: the era of the trolley (or tram) cars that provided public transportation.

    April 20, 2014 1 Photo

  • SusanRedden.jpg Susan Redden: Candidates for associate judge address GOP group

    The response was all but unanimous among four candidates seeking two Jasper County associate circuit judge positions. Asked to cite the biggest obstacle to justice in Jasper County, three of the four said the most prevalent challenge is getting the needed time on a busy court docket.

    April 20, 2014 1 Photo

  • Money to area lawmakers slows down but doesn’t stop

    With the Legislature back in session, the flow of campaign cash to local candidates has slowed. But in this election year, the money did not completely stop. All members of the local delegation to the Missouri General Assembly are on the ballot this year, but only two lawmakers are facing opposition.

    April 20, 2014

  • Joplin City Council to hear baseball plan details

    Proposed redevelopment plans for Joe Becker Stadium will be discussed with the Joplin City Council in a work session at the end of its regular meeting tonight. The WLD Suarez partnership has obtained a franchise of the American Association of Independent Professional Baseball that succeeds the El Paso (Texas) Diablos.

    April 20, 2014

  • 041814 EPA projects5_72.jpg Contaminated mine tailings could be used on west bypass

    About 500 acres of former mining land at Wildwood Ranch have been reclaimed by contractors working for the U.S. Environmental Protection Agency. More than 1 million cubic yards of contaminated mine tailings in the form of chat and waste rock have been consolidated in a surface repository that someday could be part of the roadbed for a limited-access highway that transportation planners hope to build on the west side of Joplin.

    April 20, 2014 4 Photos

  • 041914 Wedding1_72.jpg VIDEO: Cancer patient walks down aisle in wedding thrown by friends

    A year ago, Schandera Jordan was diagnosed with a rare form cervical cancer. And months after a radical hysterectomy, doctors confirmed the worst: The cancer had spread to her lungs and pancreas.

    April 19, 2014 2 Photos

  • 0420earthday.jpg Prairie State Park kicks off Earth Day events

    Prairie State Park began celebrating Earth Day early with an event Saturday that provided a chance for people of all ages to learn more about how they can protect the environment.

    April 19, 2014 1 Photo

  • r041614giregabby.jpg SLIDE SHOW: Teen with cystic fibrosis finds widespread support

    When the Nevada Show Choir performs its spring show on stage, it’s impossible to pick out the student with cystic fibrosis because there are no outward clues.
    Gabby Gire, 18, is just another performer. She sings, she dances, she smiles for the audience.

    April 19, 2014 1 Photo 1 Slideshow

Must Read
Sports
Photos


Facebook
Poll

The United States is considering deploying about 150 soldiers for military exercises to begin in Poland and Estonia in the next few weeks, following Russia's buildup of forces near its border with Ukraine. Do you think we should deploy these troops?

Yes
No
     View Results
Opinion
Twitter Updates
Follow us on twitter