KKR Income Opportunities Fund (the “Fund”) (NYSE: KIO) today announced its monthly distributions of $0.105 per common share, payable on the dates below. Based on the Fund’s initial public offering price of $20.00 per share and current share price of $16.57 per share (as of market close on October 21, 2021), the distributions represent an annualized distribution rate of 6.30% and 7.60% respectively (calculated by annualizing the distribution amount and dividing it by the IPO share price and current price respectively).... more
First BanCorp. (the “Corporation”) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.10 per share, which represents an increase of 43% or $0.03 per common share compared to its most recent dividend paid in September 2021. The dividend is payable on December 10, 2021 to shareholders of record at the close of business on November 26, 2021.... more
Baker Hughes (NYSE: BKR) announced today that the Baker Hughes Board of Directors declared a cash dividend of $.18 per share of Class A common stock payable on November 12, 2021 to holders of record on November 2, 2021.... more
Resources Global Professionals (“RGP”), the operating subsidiary of Resources Connection, Inc. (Nasdaq: RGP), announced today that the Board of Directors of its parent company has approved a cash dividend of $0.14 per share, payable on December 16, 2021 to all shareholders of record on November 18, 2021.... more
The Boards of Directors of Flaherty & Crumrine Preferred and Income Fund Incorporated (NYSE: PFD), Flaherty & Crumrine Preferred and Income Opportunity Fund Incorporated (NYSE: PFO), Flaherty & Crumrine Preferred and Income Securities Fund Incorporated (NYSE: FFC), Flaherty & Crumrine Total Return Fund Incorporated (NYSE: FLC) and Flaherty & Crumrine Dynamic Preferred and Income Fund Incorporated (NYSE: DFP) today announced that they have declared per share dividends for November 2021 as detailed below:... more
Zions Bancorporation, N.A. (Nasdaq: ZION) announced today that its board of directors (“board”) authorized a share repurchase for the fourth quarter of 2021 of up to $325 million, equaling 3.2% of the market value of the company.... more
SBSW Stock an Emerging Green-Energy Metals Play
The U.S. inflation rate, which the Feds maintain is transitory, hit a 13-year high in September, with rising costs for food and shelter pushing the rate up to 5.4%. It’s not going to get better any time soon; most analysts expect elevated inflation to last deep into 2022.
For income investors looking for an extra source of cash to combat soaring inflation, there aren’t many options. The best yield on two-year certificates of deposit (CDs) hovers around a measly 0.85%. The average dividend yield on S&P 500 stocks is currently less than 1.4%.
One high-yield dividend stock that can help investors trounce the rising inflation is South Africa-based miner Sibanye Stillwater Ltd (NYSE: SBSW).
Sibanye Stillwater stock... more
Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”) announced today that it has declared a quarterly cash dividend of $0.17 per share payable on shares of its common stock. The dividend will be paid on or before November 24, 2021, to stockholders of record of the Company’s common stock as of the close of business on November 9, 2021.... more
The Board of Directors of L3Harris Technologies (NYSE: LHX) has declared a quarterly cash dividend of $1.02 per share on the common stock, payable December 3, 2021, to shareholders of record as of the close of business on November 19, 2021.... more