Co-produced with PendragonY for High Dividend Opportunities
Note: All images sourced from the Company's website unless otherwise stated.
Newtek Business Services (NEWT) is an internally managed BDC which recently traded at $19.43. It's projecting to pay an annual dividend of $1.841 in 2019 (paid on a quarterly basis) for an annualized yield of 9.5%.
NEWT has a long track record. The company was established in 1998 and has been listed (publicly trading) since September 2000. NEWT decided to convert to a BDC status in 2015, and started paying most of its profits in high dividends. The company has more than 15 years of lending history through multiple lending cycles. This is a fast-growing BDC company with a conservative management team and high insider ownership.... more
We added PBF Logistics LP (PBFX) to the Hidden Dividend Stocks Plus portfolio back on 1/22/18. Although its price/unit has come down ~-2.8% over the past two quarters, it has held up considerably better than most other midstream pipeline companies during the autumn crude price swoon.
PBFX has delivered a total return of 8.11%, as of 11/15/18, thanks to the $1.97 in four quarterly distributions we've collected.
Management has raised the quarterly payout for 16 straight quarters - they went ex-dividend this week for their Q3 '18 distribution of $.50/unit. At $20.95, PBFX yields 9.55%. Like most energy-related LP's, PBFX pays in a FEB/May/Aug/Nov. cycle. It should go ex-dividend again in February '19:
While we applaud management's payout hike streak,... more
In business, a lot of profit comes from having a product or service that is unique - yet vital to serving a greater purpose. In the pharmaceutical industry, our subject of today's dividend champion spotlight assumes such a role. West Pharmaceutical Services, Inc. (WST) develops and manufactures packaging components and delivery systems for injected drugs and health products. The company's focus on shifting its product portfolio to higher-margin proprietary products has paid off when you look at the financials. A new dividend champion with 25 years of consecutive increases, we investigate the state of the business and try to determine whether or not West Pharmaceutical Services should be on investors' radar moving forward.
Founded in 1923, and headquartered in Exton,... more
EPR Properties (NYSE: EPR) today announced that its Board of Trustees has declared its monthly cash dividend to common shareholders. The dividend of $0.36 per common share is payable December 17, 2018 to shareholders of record on November 30, 2018. This dividend represents an annualized dividend of $4.32 per common share, an increase of approximately 6% over prior year and the Company’s eighth consecutive year with a significant annual dividend increase.... more
(NYSE: AIF) - Apollo Tactical Income Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of December 2018 of $0.107 per common share, payable on the date noted below.... more
(NYSE: AFT) - Apollo Senior Floating Rate Fund Inc. (the “Fund”) today announced the declaration of its distribution for the month of December 2018 of $0.100 per common share, payable on the date noted below.... more
On November 14, 2018, the Exchange Bank (OTC: EXSR) Board of Directors declared a quarterly cash dividend of $1.00 per share on common stock outstanding to shareholders of record at the close of business on November 30, 2018. The dividend is payable December 14, 2018. The cash dividend which represents an increase of $.05 over the prior quarter’s dividend at $.95 per share, is a reflection of the Bank’s strong earnings growth this year. The dividend has increased from $.90 per share during the similar quarter ending December 31, 2017, an increase of 11%.... more
The Board of Directors of Westlake Chemical Corporation (NYSE: WLK) declared today a regular dividend distribution of $0.2500 per share. This dividend will be payable on December 11, 2018, to stockholders of record on November 27, 2018.... more
The Board of Directors of UGI Corporation (NYSE: UGI) has declared a quarterly dividend of $0.26 per share on the company’s common stock. The dividend is payable January 1, 2019 to shareholders of record as of December 14, 2018.... more