The Board of Directors of JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) declared a quarterly dividend on the outstanding shares of the common stock of JPMorgan Chase. Information can be found on the Firm’s Investor Relations website at jpmorganchase.com/press-releases.... more
Citizens Holding Company (Nasdaq: CIZN) announced today that its Board of Directors declared a cash dividend of $0.24 per share payable June 28, 2019, to shareholders of record as of June 14, 2019.... more
j2 Global Inc. (JCOM) recently released solid Q1 2019 earnings. The company beat on both revenue and earnings per share. Revenue was up 6.9% to $299.9M and adjusted diluted EPS increased 14.8% to $1.40 per share on year-over-year basis. The company also raised the dividend by 2.2% to $0.455 per share. However, j2 Global also stated that they would suspend the dividend after the next payment. The primary reason for this was due to the "...significant number of current investment opportunities within j2's portfolio of businesses…" Below, I discuss why I sold all my shares including volatility in diluted EPS (GAAP), increasing long-term debt, and suspension of the dividend.
Overview of j2 Global
j2 Global provides internet services. The company... more
Rocky Brands, Inc. (Nasdaq: RCKY) today announced that its board of directors has approved a $0.02 increase, or a 16.7% increase, of its quarterly dividend to $0.14 per share of outstanding common stock, which will be paid on June 17, 2019 to all shareholders of record as of the close of business on June 3, 2019.... more
American International Group, Inc. (NYSE: AIG) today announced that its Board of Directors declared a cash dividend of $369.6875 per share on AIG’s Series A 5.85% Non-Cumulative Perpetual Preferred Stock, with a liquidation preference of $25,000 per share, which are represented by depositary shares (NYSE: AIG PRA), each representing a 1/1,000th interest in a share of preferred stock, holders of which will receive $0.3696875 per depositary share. The dividend is payable on June 17, 2019 to holders of record at the close of business on May 31, 2019.... more
Superior Plus Corp. (OTCPK: SUUIF) (TSX:SPB) delivered solid Q1 2019 with strong top and bottom line growth. The company has revised its synergies guidance in 2019 as management is ahead of its target by one year. Superior Plus has also improved its balance sheet and this will enable it to continue to pursue tuck-in acquisitions to grow its business. Its shares continue to trade at a discount to its peers and it offers an attractive 5.8%-yielding dividend. Despite its shares appreciating about 25% since we published our Top Idea article on Superior Plus, we still expect a total return of 40%. This company is a fine choice for investors seeking a combination of capital appreciation and dividend income.
Data by YCharts
Recent Developments: Q1 2019... more
On May 21, 2019, the Board of Directors of the Farmers National Banc Corp. (Nasdaq: FMNB) declared a quarterly cash dividend of $0.09 per share. The common stock cash dividend will have a record date of June 14, 2019 and is payable to shareholders on June 28, 2019.... more
Rayonier Advanced Materials Inc. (NYSE: RYAM) announced today that the Company’s board of directors has declared a second quarter cash dividend of $0.07 per share of Common Stock of the Company. The dividend is payable on June 28, 2019 to stockholders of record on June 14, 2019.... more
Despite of being Europe’s largest power company, having a strong footprint in Italy, Spain, Latin America, and performing solid expansion into renewables, Enel Spa still concerns me. The company’s anchor markets have historically fragile economies, its financial fundamentals remain poor, but mostly, the results to shareholders have been too uneven for a business that is supposed to be defensive. While I see some positives in the current turnaround, I remain skeptical of the company as a reliable dividend stock.
The Largest Power Company in the Europe
With its 75 billion euros in revenues, Enel is the largest integrated utility in Europe and one of the largest in the world, engaged in the production, transmission and distribution of electricity. The scale... more