Tremont Mortgage Trust (Nasdaq: TRMT) today announced a regular quarterly cash distribution on its common shares of $0.10 per common share ($0.40 per share per year). The distribution declared today will be paid to TRMT’s common shareholders of record as of the close of business on April 26, 2021 and distributed on or about May 20, 2021.... more
RMR Mortgage Trust (Nasdaq: RMRM), today announced a regular quarterly cash distribution on its common shares of $0.15 per common share ($0.60 per share per year). The distribution declared today will be paid to RMRM’s common shareholders of record as of the close of business on April 26, 2021 and distributed on or about May 20, 2021.... more
Global Partners LP Stock Raises Dividend by 10%
Income-starved investors certainly can’t be happy with the current interest-rate environment. The yield on the benchmark 10-year Treasury note recently fell to 1.6% after it was announced that claims for unemployment insurance rose more than expected. That paltry payout isn’t even worth saving for. There are much better alternatives out there.
With the U.S. economy expected to rebound sharply in 2021, investors might want to take a look at Global Partners LP (NYSE: GLP).
Global Partners is a midstream oil and gas company that manages a diverse portfolio of businesses. It’s one of the largest independent owners, suppliers, and operators of gas stations and convenience stores in the Northeast U.S. (Source: “Q4 2020... more
A High-Yield Financial Stock to Think About
Monthly dividend stocks are kind of special to passive income investors. As their name suggests, these stocks pay cash to investors on a monthly basis—as opposed to following a quarterly distribution schedule like most other dividend stocks. This makes it easier for investors to balance their dividend income with their expenses. After all, most people’s bills have to be paid every month.
But it’s important to remember that dividends aren’t carved in stone, especially when it comes to ultra-high yielders.
For instance, Oxford Lane Capital Corp (Nasdaq: OXLC) has been a high-yield monthly dividend stock for several years. At the beginning of 2020, the company had a monthly dividend rate of $0.135 per share. In light of... more
Nonprofits Insurance Alliance (NIA) today announced that the board of directors of Nonprofits Insurance Alliance of California (NIAC), an insurer under the NIA brand, has approved a $3 million dividend for policyholders (members). Since 2007, NIAC has cumulatively returned $50 million in dividends to its members, all of whom are 501(c)(3) nonprofits.... more
Orchid Island Capital, Inc. (the “Company”) (NYSE: ORC) announced today that the Board of Directors (the “Board”) declared a monthly cash dividend for the month of April 2021. The dividend of $0.065 per share will be paid May 26, 2021 to holders of record on April 30, 2021, with an ex-dividend date of April 29, 2021. The Company plans on announcing its next dividend after the Board’s meeting on May 12, 2021.... more
The Franklin Limited Duration Income Trust [NYSE:FTF] (CUSIP 35472T101) has declared a dividend of $0.0790 per common share payable April 15, 2021, to shareholders of record as of March 31, 2021. It is currently estimated that $0.0190 per share represents net investment income and $0.0600 per share represents return of principal.... more
The Board of Directors of Rockwell Automation, Inc. (NYSE: ROK), following its regular quarterly review, today declared a quarterly dividend of $1.07 per share on its outstanding common stock, payable June 10, 2021 to shareowners of record at the close of business on May 17, 2021.... more
Winmark Corporation (Nasdaq: WINA) announced today that its Board of Directors has approved an increase in its regular quarterly cash dividend to shareholders. The quarterly dividend of $0.45 per share represents an increase of $0.20 from its previous dividend rate. The cash dividend will be paid June 1, 2021 to shareholders of record on the close of business on May 12, 2021. Future dividends will be subject to Board approval.... more