B/E Aerospace, Inc. (the “Company”) (Nasdaq: BEAV), the world’s leading manufacturer of aircraft cabin interior products, today announced that its Board of Directors declared a quarterly dividend of $0.21 per outstanding share of the Company’s common stock. The dividend is payable on March 24, 2017 to shareholders of record at the close of business on March 6, 2017.... more
Business development company Hercules Capital, Inc. (Nasdaq: HTGC), formerly known as Hercules Technology Growth Capital, hit the ball out of the park on Thursday with super strong Net Investment Income and Distributable Net Operating Income for the 4th quarter. The tech-focused lender reported record results for 2016, and chances are that Hercules Capital will be able to grow its dividend payout in 2017.
Hercules Capital's shares have already risen ~40 percent last year, but chances are that shareholders will continue to be able to ride the Hercules train. That's because the business development company reported very good 4th quarter results that improve its already solid dividend coverage stats, and strongly tilt the odds in favor of dividend hikes in 2017. Though Hercules... more
Dividend cuts in the first quarter of 2017 are being announced at a rate that is roughly 45% slower than what was recorded at the same point of time back in the first quarter of 2016.
We're basing that observation on the sampling of dividend declarations that our two real-time sources for those announcements have cumulatively indicated for 2017-Q1 through February 22, 2017, where the total number of dividend cuts they have reported has reached 28. Through the same point of time in 2016-Q1, those same sources had reported a cumulative total of 51. The following chart visualizes the cumulative trajectories of both 2016-Q1 and 2017-Q1.
The difference a year makes is being seen in the kinds of firms announcing dividend cuts. Back in 2016-Q1, the ranks of dividend reducing firms... more
Financial regulations were tightened in the aftermath of the financial crisis. The intent of these new regulations was to reign in the large Wall Street banks, but there were unintended consequences. Increased regulatory costs and complex new rules discouraged many smaller companies from going public or raising additional capital. Investment banks focusing on the microcap sector such as JMP Group LLC (NYSE: JMP) suffered along with their potential clients.
JMP stock has languished since the financial crisis along with peers such as Cowen Group Inc. (Nasdaq: COWN) and FBR & Co (Nasdaq: FBRC). Despite the historical bull market, all three of these diversified microcap investment banks are currently trading below their 12/31/2009 closing prices. Valuation multiples have slipped. JMP... more
I'm a huge fan of Bank Of America (NYSE: BAC), which thanks to CEO Brian Moynihan has successfully pulled off one of the most impressive corporate turnarounds on Wall Street.
BAC Total Return Price data by YCharts
And while true that shares have soared since Trump's election, on hopes of massive fiscal stimulus driving interest rates much higher, the truth is that Bank of America still remains one of America's most undervalued stocks.
Let's take a closer look at why Bank Of America is a true dividend growth machine, one that's firing on all cylinders. More importantly, let's find out why 2017 may prove to be the bank's best year yet - and why you might want to add shares to your own portfolio right now.
Blowout 2016 But Things Are Likely To Get... more
The Dividend Dogs Rule
The "dog" moniker was earned by stocks exhibiting three traits: (1) paying reliable, repeating dividends, (2) their prices fell to where (3) yield (dividend/price) grew higher than their peers. Thus, the highest yielding stocks in any collection became known as "dogs." More specifically, these are, in fact, best called, "underdogs."
Which Sectors Are "Safe" For The S&P 500?
Ten of eleven Morningstar sectors were represented by the 26 firms whose dividends were bolstered by adequate cash as of February 21. The sector representation broke-out, thus: Communication Services (2); Consumer Cyclical (8); Industrials (1); Technology (4); Real Estate (3); Utilities (2); Energy (2); Healthcare (2); Financial... more
Home Depot (NYSE: HD) reported fourth quarter and full year results that beat estimates this week, and the company also hiked its dividend by almost 30%. Management further announced a new dividend policy and strong guidance for the current year, which sent shares higher:
Home Depot trades a little above $145 per share, which is more than 20% above the 52 week low.
Home Depot's revenues grew 5.8% in the fourth quarter, almost completely due to higher comp sales. Gross margin was relatively stable, but higher sales per square foot of selling space meant that Home Depot was able to keep SG&A expenses almost flat yoy, which led to a huge increase in the company's operating income:
A 5.5% gross profit increase translated to a 14.8% operating profit increase thanks... more
The Board of Trustees of the GAMCO Natural Resources, Gold, & Income Trust (NYSE: GNT) (the “Fund”) approved the continuation of its policy of paying monthly cash distributions. The Board of Trustees declared cash distributions of $0.05 per share for each of April, May, and June 2017.... more
The Board of Trustees of The Gabelli Dividend & Income Trust (NYSE: GDV) (the “Fund”) approved the continuation of its policy of paying fixed monthly cash distributions. The Board of Trustees declared cash distributions of $0.11 per share for each of April, May, and June 2017.... more