Iowa First Bancshares Corp. (OTC Pink: IOFB) today reported net income of $796,000 for the quarter ended September 30, 2020, compared to net income of $784,000 for the quarter ended September 30, 2019, resulting in an increase in third quarter net income year-over-year of $12,000 (1.5%). During the quarter ending September 30, 2020, the company experienced an increase in noninterest income of $358,000 (41.4%) when compared to the same quarter in 2019. This increase was primarily attributable to servicing fee income and gains from residential real estate mortgages sold to the secondary market as consumers refinance to take advantage of the historically low interest rates. The decrease in third quarter net interest income year-over-year of $226,000 (6.4%) was heavily influenced by the... more
Seeking AlphaREITsEssential Properties Trust Yields Nearly 5% With An Underleveraged Balance SheetOct. 22, 2020 10:36 AM ET|| About: Essential Properties Realty Trust, Inc. (EPRT), Includes: ADC, FCPT, Oby: Julian LinJulian Lin Best Of BreedHigh conviction investment ideas in the high quality space.SummaryRent collection has bounced back to 90%, even before accounting for deferrals.
EPRT’s tenants have financially strong with 3.0 times rent coverage.
The balance sheet is underleveraged at 4.9 times debt to EBITDA.
I rate shares a buy with over 30% total return upside.
Essential Properties Trust (EPRT) has proven the skeptics wrong, and its shareholders have been rewarded for their conviction. As rent collection breaks into the 90% threshold, EPRT has returned over... more
PCTEL, Inc. (Nasdaq: PCTI), a leading global provider of wireless technology, announced today the declaration of its regular quarterly dividend of $0.055 per share on its common stock. This dividend will be payable on November 16, 2020 to shareholders of record at the close of business on November 9, 2020.... more
Analyst Forecasts: Costco Wholesale Corporation Could Soon Pay Special Dividend
For the past year, I have been predicting that Costco Wholesale Corporation (Nasdaq: COST) would soon issue a special dividend. Now it seems some folks on Wall Street are starting to agree with me.
In October, the retail giant posted September sales results that crushed analysts’ expectations. Company-wide same-store sales, which measure the change in revenues at locations opened for at least one year, spiked 15%. This report closely followed blowout earnings results in September, when Costco posted record quarterly profits. (Source: “Costco Wholesale Corporation Reports September Sales Results,” The Wall Street Journal, October 7, 2020.)
Those earnings, one expert believes,... more
Blue-Chip Stock Offering a Discount?
If you’ve been hunting for yield, you’ve probably noticed that the biggest payouts are often found among beaten-down stocks. The reason is simple: at a given cash dividend payout, a company’s dividend yield moves inversely to its share price.
The problem is, stocks often plunge for a reason. And if you are a risk-averse investor like me, you wouldn’t consider most of the down-and-out high yielders to be the safest bets.
However, in today’s extraordinary environment, even blue-chip companies could be trading at a discount. And if these companies can maintain their dividend in the economic downturn, the pullback in their share prices could represent an opportunity for income investors.
Check out JPMorgan Chase & Co. (NYSE:... more
Seeking AlphaLong Ideas | FinlandFortum Q2 2020: A 'BUY' For Its 6% YieldOct. 22, 2020 7:11 AM ET|| About: Fortum Oyj (FOJCF), FOJCYby: Wolf ReportWolf Report Long Only, Value, Growth, Growth At Reasonable PriceSummaryFortum is my largest utility at slightly over 2% of my portfolio, held since 2015-2016.
The company has performed well despite one of the more complex regulatory and price-specific situation in years.
Fortum deserves a place in an international dividend investor's portfolio, and is currently a "BUY" at undervaluation.
It's been a while since I updated my thesis on Fortum (OTCPK: FOJCF) (OTCPK: FOJCY). Since the pandemic, I've focused mostly on other companies while my Fortum stake mostly has been in a holding position. I thought it relevant to... more
Nexstar Media Group, Inc. (Nasdaq: NXST) announced today that its Board of Directors declared a quarterly cash dividend of $0.56 per share of its Class A common stock. The dividend is payable on Friday, November 20, 2020, to shareholders of record on Friday, November 6, 2020.... more
Seeking AlphaDividend Ideas | Consumer Philip Morris Has It All - A Growing 6.5% Yield, Value, And Earnings GrowthOct. 22, 2020 2:28 AM ET|| About: Philip Morris International Inc. (PM), Includes: MOby: Gen AlphaGen Alpha Long Only, Value, Growth, Growth At Reasonable PriceSummaryThe market has given PMI's shares a knee-jerk reaction based on Q3 results, and I see this as being largely unwarranted.
PMI's reduced-risk products continue to gain traction, and now represent nearly a quarter of total revenue.
The shares currently offer an attractive combination of value, EPS growth, and dividend growth.
In the currently expensive market, it’s difficult to find growth stocks that are also trading at an attractive value point. This basically means that investors who are... more
Seeking AlphaDividend Quick PicksFound: 17 Reliable, Buyable Dividend Stocks For Retirees In October (Of 41)Oct. 21, 2020 11:12 PM ET|| Includes: CVS, CVX, ENB, EPD, IP, KMI, LTC, MMP, PBA, PSA, T, TD, UGI, WPC, XOMby: Fredrik ArnoldFredrik Arnold The Dividend Dog CatcherSimple, straightforward 7-step analysis that finds lucrative income stocks.SummaryKiplinger Investing periodically lists retirement tips. This 41-stock list comes from two articles. One by Brian Bollinger, updated 8/5/20 and another by Charles Lewis Sizemore, CFA, 7/2/19.
Articles titled, '20 for 20 retirement years' and '25 stocks every retiree should own' listed four stocks twice, leaving 41. One ceased paying dividends and one never did, leaving 39.
Those 39 select dividend stocks ranged 1.05% to... more
Getty Realty Corp. (NYSE: GTY) announced today that its Board of Directors unanimously approved an increase in the company’s regular quarterly cash dividend to $0.39 per common share payable on January 7, 2021, to holders of record on December 24, 2020.... more