Daily dividend news for investors in dividend stocks
Western Asset High Yield Defined Opportunity Fund Inc. (NYSE: HYI) announced today monthly distributions of $0.1300 per common share for June, July and August 2013. The Fund had previously paid a monthly distribution of $0.1350 per share.
The distribution schedule appears below:
Month Ex-Date Record Date Payable Date Amount Type
June 06/19/2013 06/21/2013 06/28/2013 $0.1300 Income
July 07/17/2013 07/19/2013 07/26/2013 $0.1300 Income
August 08/21/2013 08/23/2013 08/30/2013 $0.1300 Income
The Fund has decreased its distributions to a level that better approximates the current level of net investment income generated by its investment portfolio. As the Fund reinvests principal... more
Published Tue, 21 May 2013 12:00:00 UT on BusinessWire
Stock symbol(s): HYI
One aspect of dividend investing that is very appealing to me is the consistency of dividend increases for many of the dividend champions I own. I realize how I take these raises for granted, in the rare event when a stock I own freezes or cuts distributions. Over the past week, Clorox (CLX) boosted dividends by 10.90% to 71 cents/share. This marked the 36th consecutive annual dividend increase for this dividend champion. Between 2002 and 2012, annual dividends have increased by 11.30% per year. Earnings per share increased by 11.60%/year. Check my analysis of Clorox. The current yield increased to 3.20%, which is higher than the 2.88% which 30 year US Treasury Bonds offer right now. An investor in a company like Clorox today will likely earn much more in income over the next 30 years,... more
Published Tue, 21 May 2013 07:28:23 -0400 on SeekingAlpha
Stock symbol(s): CLX
Memorial Production Partners (MEMP) has to be one of the more underrated upstream MLPs out there, with its heavy exposure to natural gas, strong hedges, and great yield. Memorial IPOd back in late 2011 and has already increased its distribution in 4 out of the past 5 quarters. Memorial currently offers a $0.5125 per unit quarterly distribution and yields about 10.55%.
Memorial has a production portfolio of mature, long-life assets. The majority of the assets are located in South Texas, East Texas, and North Louisiana and California. As of year-end 2012 Memorial's total proved reserves were 533 BCFE, of which 62% were proved developed. The production mix for the reserves is 79% natural gas and 21% liquids. At 2012 production levels, the reserves to production ratio was over 24... more
Published Tue, 21 May 2013 06:29:05 -0400 on SeekingAlpha
Stock symbol(s): MEMP
The following is a list of companies trading ex-dividend on Tuesday, May 21st:
Applied Materials, Inc. (Nasdaq: AMAT) declared a quarterly dividend of $0.10 per share, or $0.4 annualized. This is an 11.1% increase from the prior dividend of $0.09. The dividend will be payable on June 13, 0203, to stockholders of record on May 23, 2013, with an ex-dividend date of May 21, 2013. The annual yield on the dividend is 2.9 percent.
Mattel, Inc. (Nasdaq: MAT) declared a quarterly dividend of $0.36 per share, or $1.44 annualized. The dividend will be payable on June 14, 2013, to stockholders of record on May 23, 2013, with an ex-dividend date of May 21, 2013. The annual yield on the dividend is 3.4 percent.
Zions Bancorporation (Nasdaq: ZION) declared a quarterly dividend of $0.04... more
Published Tue, 21 May 2013 05:22:24 -0400 on StreetInsider
Stock symbol(s): AMAT,AVA,CA,FWRD,MAT,NTI,NVDA,PGH,SBSI,SLW,SPAR,THI,TSRA,...
Chevron Corporation (CVX) is one of the so-called supermajors, the six largest publicly owned oil and gas companies, the other five being BP (BP), Exxon Mobil (XOM), Royal Dutch Shell (RDS-A), Total (TOT) and ConocoPhillips (COP).
The oldest predecessor of Chevron, the Pacific Coast Oil Company, was founded 134 years ago in 1879, in the same year that the famous "inventor" of the theory of relativity, Albert Einstein, was born, for those of us who happen to be interested not only in investing but also in history. In fact, relativity is a very relevant concept for investors, as stock prices are also relative - relatively cheap or expensive, compared to the intrinsic value of the companies and prices of other stocks and asset classes. Stock dividend yields are... more
Published Tue, 21 May 2013 04:09:00 -0400 on SeekingAlpha
Stock symbol(s): CVX
I tried to create a dividend stock portfolio that can outperform the market by a big margin. The following screen shows such promise. I have searched for profitable companies that are included in the Russell 1000 index with dividend yield and dividend growth rate that are greater than their industries' dividend yield and dividend growth. Those companies would have to show also a strong earnings growth prospects, and their last five years earnings growth is greater than their industries' earnings growth.
Russell 1000 Index
Description from Russell Investments:
The Russell 1000 Index measures the performance of the large-cap segment of the U.S. equity universe. It is a subset of the Russell 3000® Index and includes approximately 1000 of the largest securities based on a... more
Published Tue, 21 May 2013 03:04:36 -0400 on SeekingAlpha
Stock symbol(s): CHRW,CPA,HLF,JW-A,LEG,RES,SXL,TUP
Regulatory News:... more
Published Tue, 21 May 2013 06:30:00 UT on BusinessWire
Stock symbol(s): DG.PA
Global fast food giant McDonald's (MCD) once again posted weaker earnings numbers. Recent performance was highlighted by:
Year-to-date March global comparable store sales numbers -1%,
Flat Q1 2013 operating income
Earnings Per Share (EPS) up 3% constant currency
The US, Europe and "AMEA" (Asia Pacific, Middle East and Africa) all showed negative comparable store sales numbers for the quarter as well.
However, McDonald's gained share in many of its most important markets.
For the last few years McDonald's has been a growth powerhouse, with earnings growth often in the double digits. But it looks like this may have changed within the last eighteen months or so. A flat-to-declining Informal Eating Out (IEO) market has lowered all boats: fast food restaurants have... more
Published Tue, 21 May 2013 02:06:57 -0400 on SeekingAlpha
Stock symbol(s): MCD
Quad/Graphics, Inc., today announced that its board of directors approved a quarterly dividend of $0.30 per share payable on June 21, 2013, to shareholders of record as of June 10, 2013.... more
Published Mon, 20 May 2013 23:15:00 UT on BusinessWire
Stock symbol(s): QUAD
The Valspar Corporation (NYSE: VAL) today announced that its Board of Directors declared a quarterly dividend of $0.23 per share on the company’s common stock. The dividend is payable on June 14, 2013, to shareholders of record on June 3, 2013.... more
Published Mon, 20 May 2013 21:52:00 UT on BusinessWire
Stock symbol(s): VAL