FLIR: Another Dividend-Paying Energy Efficiency Stock

FLIR Systems' (FLIR) IR cameras save energy not just by spotting leaks, but by spotting intruders in the dark. When I published my list of dividend paying energy efficiency stocks in January, I missed one, and it is a long-time favorite. FLIR business is focused around thermography, and I picked FLIR as a stock likely to benefit from the stimulus in March 2009 because FLIR's cameras are used by energy raters. (Click to enlarge) FLIR did benefit from the stimulus, rising 56% by the end of 2009 from the $21 price when I made my call, but the stock has been basically flat since then, despite continued earnings and cash flow growth, and the declaration of a $0.06 (0.8% annual) dividend which was first paid in February, just two weeks too late to be included in my dividend paying energy efficiency stocks list. The dividend corresponds to a 13% payout... Read more

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