Investment Thesis: Magna International (MGA) while an attractive growing stock, offers its investors a paltry yield. Investing in its landlord, Granite REIT (GRP.U), offers investors an excellent yield of 5.2% with a chance to leverage non Magna revenues.
MGA is an auto parts supplier that offers a low risk play on the auto industry. Very few companies in the industry can show a pristine balance sheet like MGA's.
Source: MGA Q2-2017 financials
With current assets and investments about as much as total liabilities, MGA is not employing much leverage. The income statement also shows the remarkable interest coverage.
Net Income (which includes the non-cash expense depreciation) for the six months ended June 30, 2017 was 38 times the interest expense. Clearly,... more
Digital Realty Trust (NYSE: DLR) is a fast-growing real estate investment trust (REIT) that has raised its dividend every year since going public in 2004.
While the company is still far from having a long enough dividend growth history to qualify as a member of the Dividend Aristocrats list, it has numerous attractive qualities for investors seeking income and growth.
Digital Realty is a direct beneficiary of the rapidly growing use of data by businesses and consumers alike. As the data center business continues booming, the company is positioned to continue rewarding investors with rising dividends.
Let's take a closer look at Digital Realty to see if this quality REIT can keep pace with the evolving technology landscape and whether or not its stock looks attractive... more
Business Overview “j2 Global, Inc., together with its subsidiaries, is a provider of Internet services. The Company operates through two segments: Business Cloud Services and Digital Media. Through its Business Cloud Services Division, the Company provides cloud services to businesses of all sizes, from individuals to enterprises, and licenses its intellectual property (IP) to third parties. In addition, the Business Cloud Services Division includes its j2 Cloud Connect business, which is primarily focused on its voice and fax products. The Company's Digital Media Division specializes in the technology and gaming markets, reaching in-market buyers and influencers in both the consumer and business-to-business space. Its eFax and MyFax online fax services enable users to receive... more
Kinder Morgan (KMI) has announced long-term dividend growth targets again, but this time they look more achievable than the last time Kinder Morgan tried this a couple of years ago. It is likely that investors will receive a 6% yield on cost in a couple of years, but is it worth waiting so long for the company's future income stream?
We know all too well how it ended when Kinder Morgan announced aggressive dividend growth plans a couple of years ago:
KMI data by YCharts
The company's share price as well as its dividend were cut by roughly 75%, so investors are kind of wary of the company's promises since. The situation back then was somehow different, though: Back then Kinder Morgan was distributing all of its distributable cash flows to its owners via... more
Safety, Income & Growth Inc. (NYSE: SAFE) announced today that the Company’s Board of Directors has declared aggregate common stock dividends of $0.1566 per share which is comprised of a $0.15 dividend per share for the third quarter and a $0.0066 dividend per share for the four days in the second quarter from and after the closing date of the Company’s initial public offering. The dividend represents an annualized rate of $0.60 per share and is payable on October 16, 2017 to holders of record on October 2, 2017.... more
Essex Property Trust, Inc. (NYSE: ESS) announced today that its Board of Directors has declared a regular quarterly cash dividend of $1.75 per common share payable October 16, 2017 to shareholders of record as of September 29, 2017.... more
Mastercard Incorporated (NYSE: MA) today announced that its Board of Directors has declared a quarterly cash dividend of 22 cents per share. The cash dividend will be paid on November 9, 2017 to holders of record of its Class A common stock and Class B common stock as of October 6, 2017.... more
The Board of Directors of Fulton Financial Corporation (Nasdaq: FULT) has declared a quarterly cash dividend of eleven cents per share on its common stock, payable on October 13, 2017, to shareholders of record as of October 2, 2017.... more
ELMER BANCORP, INC. (OTC Pink: ELMA) parent holding company of The First National Bank of Elmer, Elmer, New Jersey, announced that the Board of Directors has declared a semi-annual cash dividend in the amount of $.30 per share. The dividend is payable on November 1, 2017 to stockholders of record of the Company on October 16, 2017.... more
The Board of Directors of JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) today declared a quarterly dividend on outstanding shares of the common stock of JPMorgan Chase. Information can be found at the Firm’s Investor Relations website at jpmorganchase.com/press-releases.... more