When it comes to yields, good things sometimes come in small packages.
Consider The Clorox Company (NYSE: CLX).
Over the two decades, the stock's yield has fluctuated between two and three percent. In other words, nowhere near high enough to get most income investors excited.
Yet over the period, Clorox’s dividend and stock price have both grown steadily. Since 1999, shares have delivered a total return, assuming reinvested dividends, of 371%.
That works out to 8.1% return on an annualized basis. By comparison, the S&P 500 posted an annualized total return of only 5.7% for the same period.
Of course, anyone can pick the best stocks with hindsight. But there’s good reason to believe Clorox will continue to post outsized returns.
I can’t... more
JPMorgan Chase & Co. (NYSE: JPM) (“JPMorgan Chase” or the “Firm”) declared dividends on the outstanding shares of the Firm’s Series P, T, W, Y, AA, BB and DD preferred stock. Information can be found on the Firm’s Investor Relations website at jpmorganchase.com/press-releases.... more
Office Properties Income Trust (Nasdaq: OPI) today announced that the characterization of dividends paid by its predecessor companies, Government Properties Income Trust (“GOV”) and Select Income REIT (“SIR”), for 2018 income tax reporting purposes is as follows:... more
Crescent Point (CPG) released the 2019 capital program. The 2019 production will stay flat YoY, adjusted for asset dispositions, with a capital program of about C$1.3 billion. Management insisted on the flexibility of the program considering the recent volatility of oil prices. Assuming a WTI price at US$50/bbl, the free cash flow will amount to about C$150 million. Also, management confirmed the goal of disposing of assets.
But, despite the expected FCF at modest WTI prices, management announced the reduction of the dividend by 89%. Let's see if this decision makes sense for the shareholders.
Image source: geralt via Pixabay
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The Board of Directors of Lazard Global Total Return and Income Fund, Inc. (the “Fund”) (NYSE: LGI) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.08879 per share on the Fund’s outstanding common stock. The distribution is payable on February 22, 2019 to shareholders of record on February 12, 2019. The ex-dividend date is February 11, 2019.... more
The Board of Directors of Lazard World Dividend & Income Fund, Inc. (the “Fund”) (NYSE: LOR) has authorized the Fund to declare today, pursuant to a level distribution policy, a monthly distribution of $0.05799 per share on the Fund’s outstanding common stock. The distribution is payable on February 22, 2019 to shareholders of record on February 12, 2019. The ex-dividend date is February 11, 2019.... more