I rank a selection of dividend growth stocks in Dividend Radar and present the 10 top-ranked stocks for consideration.
To rank stocks, I use DVK Quality Snapshots to obtain quality scores and break ties by considering additional metrics.
This month, I'm presenting high-quality stocks with favorable Chowder numbers trading below fair value.
In my monthly series of 10 Dividend Growth Stocks, I rank a subset of Dividend Radar's list of dividend growth (DG) stocks. Dividend Radar is a weekly automatically generated spreadsheet listing stocks with dividend increase streaks of five years or more.
This month, I decided to rank high-quality DG stocks with a favorable Chowder Number (CDN) trading below fair value. I use DVK Quality Snapshots to assess the quality of DG... more
Did the rent get paid? Rent collection and dividend cuts were the primary themes of the most newsworthy and consequential REIT earnings season since the Great Financial Crisis.
Rent collection was largely a non-issue for residential REITs, who collected over 95% of April rents. Industrial, office, self-storage, and healthcare rent collection metrics were similarly strong.
Economic shutdowns ravaged the economically-sensitive property sectors and punished highly-levered REITs. 50 equity REITs - primarily retail and lodging REITs - announced a cut or suspension of their dividends.
2020 was poised to be a solid year of growth for REITs prior to the pandemic. Even with a faster-than-expected reopening, fundamental metrics are likely to be the weakest since at least 2009.
Net Interest Margin has been below 1.5% and trending down for over a year.
The company's reduced asset base can only sustain dividends consistent with the Net Interest Margin minus operational costs and preferred dividends.
Modeling the company based on Net Interest Margin provides guidance on future dividend levels.
On April 2nd, 2020, ARMOUR Residential REIT (ARR) issued a press release declaring on the preferred series C shares. The company also announced, "ARMOUR will move to a quarterly dividend on its common stock for the second quarter of 2020." In light of the turmoil in the fixed income markets in the month of March, the company delayed declaring a dividend on the common stock and gave guidance that such declaration would occur in the month of... more
On May 28, 2020, the Board of Trustees of BNY Mellon High Yield Strategies Fund (NYSE: DHF) declared from net investment income a monthly cash dividend of $0.0215 per share of beneficial interest, payable on June 25, 2020 to shareholders of record at the close of business on June 11, 2020. The ex-dividend date is June 10, 2020. The previous dividend declared in April was $0.0215 per share of beneficial interest.... more
Ladder Capital Corp (“Ladder” or the “Company”) (NYSE: LADR) today announced the declaration by its Board of Directors of a second quarter 2020 dividend of $0.20 per share of Class A common stock. The cash dividend is payable on July 1, 2020 to stockholders of record as of the close of business on June 10, 2020.... more
Vector Group Ltd. (NYSE: VGR) today announced that its Board of Directors has declared a regular quarterly cash dividend on its common stock of $0.20 per share. The quarterly cash dividend will be payable on June 29, 2020 to holders of record as of June 19, 2020.... more
TFS Financial Corporation (Nasdaq: TFSL) (the “Company”), the holding company for Third Federal Savings and Loan Association of Cleveland (the “Association”), today announced that the Board of Directors declared a quarterly cash dividend of $0.28 per share, payable on June 23, 2020, to stockholders of record on June 9, 2020.... more
Citizens Holding Company (Nasdaq: CIZN) announced today that its Board of Directors declared a cash dividend of $0.24 per share payable June 30, 2020, to shareholders of record as of June 16, 2020.... more
Williams-Sonoma, Inc. (NYSE: WSM) announced today that its Board of Directors has declared a quarterly cash dividend of $0.48 per common share. The dividend is payable on August 28, 2020 to stockholders of record as of the close of business on July 24, 2020. As of May 3, 2020, the Company had 77,758,981 shares of common stock outstanding.... more
PGIM High Yield Bond Fund, Inc. (NYSE: ISD) and PGIM Global High Yield Fund, Inc. (NYSE: GHY) declared today monthly distributions for June, July and August 2020. The distribution amounts and schedule for each fund appears below:... more