UDR, Inc. (NYSE: UDR), a leading multifamily real estate investment trust, today announced that its Board of Directors declared a regular quarterly dividend on its common stock for the third quarter of 2018 in the amount of $0.3225 per share, payable in cash, on October 31, 2018 to UDR common stock shareholders of record as of October 10, 2018. The October 31st dividend will be the 184th consecutive quarterly dividend paid by the Company on its common stock.... more
The Board of Directors of Independent Bank Corp. (Nasdaq Global Select Market: INDB), parent of Rockland Trust Company, today announced a $0.38 per share dividend. The dividend will be payable on October 5, 2018, to stockholders of record as of the close of business on October 1, 2018.... more
Investing for Income
(Source: Original Image - Data from Yahoo Finance)
While the above chart of this fund’s historical distributions do not paint a very rosy picture, context is important. In spite of the 3 distribution cuts over the past few years, the Eaton Vance Limited Duration Income Fund (EVV) still offers an impressive projected yield of 6.33% (total distributions divided by the market price of 12.71) and invests in mostly short duration securities. With the benefit of leverage, they have been able to spin off an impressive yield on the market price. Total return, however, is still important and market prices of closed-end funds generally fall when distributions are cut.
Commentary on Holdings/Analysis of Holdings
(Source: Fund Factsheet)
While it... more
The U.S. Treasury's auction today of $11 billion in a reopened 10-year TIPS generated a real yield to maturity of 0.910%, the second highest yield for this term at auction since 2011.
This is CUSIP 912828Y38, a Treasury Inflation-Protected Security that was first auctioned on July 19 with a real yield of 0.762% and a coupon rate of 0.750%. It has a remaining term of 9 years, 10 months.
Because today's auction generated an after-inflation yield higher than the coupon rate of 0.750%, investors got it at a discount. The adjusted price was about $98.89 for about $100.39 of principal, after accrued inflation is added in. The real yield of 0.910% was a bit below the 0.938% generated at a May 17 reopening, but otherwise it was the highest of 43 auctions of this term since May... more
General Motors' (GM) stock price has essentially traded flat since it became a public company again in 2010, but many investors continue hold the stock for its dividend.
This article walks the reader through capital returns to investors, balance sheet leverage, key observations from recent earnings results, and concludes with my rating on the dividend and the stock.
Significant Capital Returns To Shareholders The following graph illustrates the company's dividend per share, as well as the total dividends paid on a trailing twelve-month basis:
GM Dividend Per Share (Quarterly) data by YChartsThe company increased its dividend per share once in 2015 and once again in early 2016, but since then, the quarterly dividend has remained at 38 cents. As of yesterday, the... more
Micron's (MU) shares declined substantially over the past 3 months while the Nasdaq index continues to rise:
While this has been painful for Micron investors in the short term, we feel this is a buying opportunity based on valuation and the misunderstanding that Micron is a pure cyclical investment. While Micron still has a cyclical component, secular trends also now exist making a compelling reason to buy and hold at these levels.
Cyclical or Secular?
In the above graphic, we can see the past cyclical nature of Micron's earnings. In 2016, we see 3 consecutive losses in a row, followed by 8 consecutive positive earnings. The earnings report that comes out on Thursday is predicted to be the peak earnings for Micron, with an estimated earnings per... more
Introduction I love dividend stocks that grow their dividends year in and out. I've created a list of stocks that grow their dividends and happen to be increasing them next week.
This list is a trimmed down version only covering dividend increases. A full upcoming dividend calendar is available here.
The information presented below was created by combining the "U.S. Dividend Champion" spreadsheet hosted here, with upcoming dividend information from the Nasdaq. This meshes metrics about companies with dividend growth history with upcoming dividend payments (and whether those payments are increasing). These companies all have a minimum 5-year dividend growth history.
Why Should I Care? Dividend increases are one of the most outward signs by management as to how... more
Investment Thesis Bank of America (BAC) is currently (in my opinion) one of the most attractive "bang-for-the-buck" of all the banking industry stocks. Even with the Fed's approval of 34 banks' capital return plans, the banking industry has failed to see any significant gains which bode well for the opportunistic investor. The approval of these capital return plans is not trivial by any means. Here are some of the more significant changes created by the Fed's OK:
Bank of America - Increase quarterly payout to $.15/share from $.12/share and authorize a stock buyback of $20.6 billion (equivalent to 678.3 million shares at today's prices or roughly 6.8% of outstanding shares). JPMorgan Chase (JPM) - Increase quarterly payout to $.80/share from $.56/share and... more
With the bull market now the longest in history many investors are understandably worried that valuations have become too rich and the next bear market is looming.
^SPXTR data by YCharts
And while the actual short-term risk of either a recession or bear market is relatively low, it's always a good idea to prepare for the next downturn. That's especially true for conservative income investors such as retirees looking to live off dividends.
This is why sleep well at night or SWAN stocks are ideal choices because they offer a great combination of generous, safe, and steadily growing income. Most importantly they have extremely stable business models that ensure they can maintain and raise their payouts in all economic, industry, and interest rate... more
Royal Dutch Shell (RDS-A) (RDS-B) combines strong cash flows, a compelling growth outlook, an outsized dividend yield, and massive share repurchases. Shares of the company look inexpensive right here, and it seems likely that Shell will deliver compelling returns over the coming years.
The above combination of positive factors makes Shell the most attractive supermajor right here, I believe. Shares could be a good pick for long-term focused income investors as well as for those seeking total returns.
Strong Underlying Execution And A Rising Oil Price Drive Shell's Earnings And Cash Flow Growth When Shell announced the purchase of BG Group during the oil price crisis many analysts and commenters stated that Shell had overpaid for this acquisition and that the company had made... more