From the category archives:
I am as disappointed to see Bank of America’s dividend cut as anyone. The stock is one of the only financial positions in the Dividend Superstars portfolio, and I thought the company would honor its promise to keep its payout at least stable through the current crisis.
I was wrong. Circumstances — which sure include [...]
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I just got the latest dividend stats from S&P, and they’re grim. Six companies — basically all the financials that went under in September — cost investors $3.8 billion in dividends. So far in 2008, a full 30 financial comapnies have decreased their payments, leading to $24.1 billion in missed dividends.
On the positive side, [...]
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To further highlight a point I’ve been hammering home — namely, that plenty of companies continue to pay out nice dividends — take a look at Cablevision’s recent announcement …
In an effort to shore up investor confidence and reward current shareholders, the cable operator will BEGIN paying a dividend starting this September.
Nice!
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Amazingly, Fannie Mae lost another couple billion in the second quarter (2.3 to be exact) and reiterated news about its dividend getting slashed from $0.35 to $0.05. I guess it’s true what they say — “a billion here, a billion there, pretty soon you’re talking real money.”
We are still being told that these GSEs [...]
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According to Standard & Poor’s, the second quarter saw the greatest number of dividend cuts in 18 years.
The firm also reduced its expected 2008 dividend payment on the S&P 500 index from $30.80 to $28.85. Last year, the number was $27.73. So while it’s still forward motion, it’s the lowest increase since 2002.
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Well, it’s always nice to get a little positive news in this market, and today drug store chain CVS delivered some. Thecompany announced that it’s boosting its quarterly dividend by 15%.
It’s interesting, and encouraging, to hear a retailer making this kind of announcement. It demonstrates, once again,that individual companies are able to continue delivering results [...]
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I just wanted to point out a few more things about the financial stocks right now (data through the middle of June) …
First, there were 27 INCREASES year to date. Clearly, some companies are still finding money they can kick out to shareholders.
Second, 19 issues were yielding more than 5% vs. NONE at the [...]
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There has been a lot of concern about the security of financial stocks’ dividends lately. And I can see why …
According to the latest data from S&P, 16 companies have cut their dividends so far this year vs. 12 for the FIVE-YEAR period from 2003 through 2007. Even more telling is that fact [...]
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Two weeks ago, I wrote an article in Money and Markets talking about Bud’s surge on takeover rumors. And I pointed out that InBev’s rumored buyout price of $65 a share meant there was still plenty of upside ahead.
Since then, BUD stock has climbed to $61 a share, good for another 5% profit. [...]
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Recently, I’ve been highlighting a number of consumer staples deals, including the Wrigley (WWY) purchase and takeover rumors surrounding Anheuser-Busch (BUD).
Today, we got yet another M&A announcement … this time from Smucker (SJM). The company will be buying the Folgers coffee business from Procter & Gamble (PG) in a transaction worth about $3 [...]
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