UBS Investment Bank today announced coupon payments for the ETRACS Alerian MLP Index ETN (NYSE Arca: “AMU”) and ETRACS Alerian MLP Index ETN Series B (NYSE Arca: “AMUB”), both traded on the NYSE Arca.... more
The board of directors of Macy's, Inc. (NYSE: M) today declared a regular quarterly dividend of 37.75 cents per share on Macy's common stock, payable July 2, 2018, to shareholders of record at the close of business on June 15, 2018.... more
Top Dividend Stock You Likely Haven’t Considered
Legendary investor Warren Buffett is known for generating astronomical returns for his company Berkshire Hathaway Inc. (NYSE: BRK.B) and its shareholders. From 1964 to 2017, the per-share market value of Berkshire stock increased by a staggering 2,404,748%.
That’s no misprint.
What’s much lesser known, however, is that Buffett also likes dividends. As a matter of fact, all of the top 10 holdings in Berkshire Hathaway’s portfolio have regular dividend policies. (Source: “Form 13F Information Table,” U.S. Securities and Exchange Commission, last accessed May 15, 2018.)
With Berkshire’s total portfolio valued at over $180.0 billion, I wouldn’t be surprised if the company earns... more
Jack Bouroudjian looks at the different yields in futures for the 10 and 30 year notes, and why you should pay attention to spreads between the two contracts.
By Axel Merk & Nick Reece
In recent months, pundits have cautioned about a flattening yield curve, suggesting it may signal the end of the economic expansion, the end of the bull market, possibly even the end of the world as we know it. There's plenty to worry about in the markets, but in the spirit that knowledge is the enemy of ignorance, let's clear up some myths.
First, what is yield curve steepness? It reflects the relationship between the short end and long end of the yield curve. Got it? Okay, let's dissect this jargon:
The "short end" of the yield curve refers to shorter-term interest rates. This could be the current Federal Funds Target that the Federal Reserve Open Market Committee (FOMC) controls and is colloquially referred to as... more
Southern Company (NYSE: SO) has dramatically underperformed the market and its peers in the last five years. To be sure, during this period, it has lost 2% whereas S&P has rallied 64% and the Utilities Select Sector SPDR ETF (NYSEARCA: XLU) has rallied 28%. As a result, Southern is now trading around its 4-year lows. Therefore, the big question is whether the stock has become a bargain or there is more pain ahead for the shareholders.
The reasons behind the underperformance 1. Poor execution
Southern has exhibited markedly poor performance in the construction of its nuclear plant in Kemper County. The project has been delayed by four years and thus its cost estimate has more than doubled, from $2.9 B initially to $7.3 B now. In addition, the plant will not be in full operation... more
Sealed Air Corporation (NYSE: SEE) announced today that its Board of Directors has declared a quarterly cash dividend of $0.16 per common share. The dividend is payable on June 15, 2018 to stockholders of record at the close of business on June 1, 2018.... more
The Board of Directors of Carter’s, Inc. (NYSE: CRI) today declared a quarterly dividend of $0.45 per share, payable on June 15, 2018, to shareholders of record at the close of business on May 29, 2018.... more
CenturyLink (CTL) shareholders have seen their stock pop in the past few days due to a positive first quarter earnings report. Meanwhile, the company's bonds have rallied on a smaller level. While medium term bonds have shot above par on price, bonds maturing in 2025 are still priced below par and at 6.586% yield to maturity. Fixed income investors who seek higher returns can get 8% yield to maturity on CenturyLink's longer-term baby bonds, such as CTV.
CenturyLink saw a jump in revenue in the first quarter, mainly due its acquisition of Level 3 Communications. After operating expenses, CenturyLink was only able to convert that revenue into $120 million of additional operating income. Despite this, the company's operating... more
EPR Properties (NYSE: EPR) today announced that its Board of Trustees has declared its monthly cash dividend to common shareholders. The dividend of $0.36 per common share is payable June 15, 2018 to shareholders of record on May 31, 2018. This dividend represents an annualized dividend of $4.32 per common share, an increase of approximately 6% over prior year and the Company’s eighth consecutive year with a significant annual dividend increase.... more