Company Description
Jefferson-Pilot Corporation, a holding company (NYSE: JP - News),
is one of the nation's largest shareholder-owned life insurance
companies. Jefferson Pilot's life insurance and annuity
companies, principally Jefferson-Pilot Life Insurance Company,
Jefferson Pilot Financial Insurance Company, and Jefferson Pilot
LifeAmerica Insurance Company, together known as Jefferson Pilot
Financial, offer full lines of individual and group life
insurance products as well as annuity and investment products.
Jefferson-Pilot Communications Company owns and operates three
network television stations and 17 radio stations, and produces
and syndicates sports programming. Additional information on
Jefferson-Pilot can be found at www.jpfinancial.com .
[Source: Company Press Release]
Reasons to Invest:
Technically speaking, this week's Drip of the Week is ready to
move. Over the past month, Jefferson Pilot (NYSE:JP) has been
using its 2002 highs as support for higher grounds. JP has been
trending in a tight range regression channel for the past year,
and has broken over the top of this channel 3 out of the past 5
sessions in March. Usually when a stock breaks over the top of
its regression channel, it is a signal of a breakout. Jefferson
Pilot has a traditional 3-box reversal chart, and is in a Double
Top Breakout pattern. The bullish price objective for JP is
94.00, and once we see a breakout over 55.00 there will be no
overhead resistance to slow it down.
JP's fiscal year showed an increase in revenues by 5% to $3.65
billion. Net income for the company rose by 9% or $491.6
million. The company said that their increase in revenues and
net income reflect fewer general and administrative expenses, as
well as increased growth in Individual Products, Annuity and
Investment Products, and Benefit Partners.
The company's market cap is 7.69 Billion. Their trailing P/E is
15.80 and their forward P/E is 12.86. Jefferson Pilot's gross
profit is 3.48 billion, which is a profit margin of 13.48
percent. Their operating margin is 21.15 percent. They have a
52-week price change of 43.08 percent, which tallies out to 2.35
percent in relation to the S&P 500.
Based upon price performance, over the past year JP has been
ranked in the top 15% of it's industry. They have a low risk
rating on new entries, even though there are currently no brokers
recommending the stock as a "buy" or "strong buy."
What's more exciting is that their annual dividend is $1.52 per
share owned. This hefty dividend calculates out to a 2.78
percent yield. Their next dividend date is set for June 5th,
2004.
Over the next 5 years, JP is expecting a dividend percentage
growth rate of 10.92. Not expecting to hold the stock for 5 DRIP
for 5 years? How does a 3 year expected dividend growth rate of
10.44 percent sound? Not impressed? Well over the next year JP
is expecting to see their dividend percentage to grow at 9.21
percent.
This ends another exciting episode of the DripAdvisor.com Drip of
the Week. Stay tuned next week, as we will spotlight another
stock worthy of the DripAdvisor.com limelight.
Until Next Week,
Nich Sheldon
Editor
DRIP Information:
Shares to Qualify = 1
Auto-reinvestment = No
Accept Foreign Accounts: Yes
Temper Enrollment: Yes
Min/Max Investment = $2,000/Month
Reinvestment Fees -
Dividend investment fees: 0
Cash investment fees: 0
Auto reinvestment fees: N/A
Transfer Agent:
First Union Nat'l Bank
800-829-8432
Corporate Headquarters:
100 North Greene Street
Greensboro, NC 27401
Phone: (336) 691-3000
Fax: (336) 691-3938
