Retractable Technologies, Inc. (NYSE American: RVP) announced today that its Board of Directors has declared dividends to holders of its Series I Class B and Series II Class B Convertible Preferred Stock in the amounts of $10,041 and $39,050, respectively. Over the entire accrual period, the dividend amount is $0.125 per share for Series I Class B shareholders and $0.25 per share for Series II Class B shareholders. Dividends have accrued at 10% per annum and cover amounts in arrears from October 1, 2020 through date of conversion or December 31, 2020 whichever is applicable. The dividends will be paid on January 29, 2021. All Series I Class B Convertible Preferred Stock was redeemed as of December 31, 2020. The record date for the Series II Class B Convertible Stockholders is January 19,... more
Starwood Property Stock: One of the Best Income Investments Just Got Better
Many investors have turned their backs on Starwood Property Trust, Inc. (NYSE: STWD) because of the coronavirus pandemic. And their reasoning may have made sense in 2020. Because of COVID-19, many businesses were laying off employees, travel was down, hotels were ghost towns, and there was fear that the housing market would crumble. Not the best scenario for a mortgage real estate investment trust (mREIT).
Like the broader market, STWD stock cratered approximately 70% during the coronavirus-fueled sell-off in February and March. But thanks to the company’s strong cash position, it was able to keep its quarterly dividend payout at $0.48 per unit, or $1.92 per year.
When Starwood Property stock... more
Lindsay Corporation (NYSE: LNN), a leading global manufacturer and distributor of irrigation and infrastructure equipment and technology, announced today that its Board of Directors has declared a regular quarterly cash dividend of $0.32 per share, payable February 26, 2021, to shareholders of record at the close of business on February 12, 2021.... more
Superior Plus Corp. (TSX: SPB):... more
Olympia Financial Group Inc. (TSX: OLY) announces that its Board of Directors has declared a monthly cash dividend on its common shares of $0.23 per common share. The dividend will be payable on January 29, 2021 to shareholders on record as at January 20, 2021. The ex-dividend date is January 19, 2021.... more
Enterprise Products Partners L.P. (NYSE: EPD) (“Enterprise”) announced today that the board of directors of its general partner declared the quarterly cash distribution paid to limited partners holding Enterprise common units with respect to the fourth quarter of 2020 of $0.45 per unit, or $1.80 per unit on an annualized basis.... more
Time to Check Out KMB Stock
Quality items seldom go on sale, which is why, if you’re an income investor, you might want to take a look at Kimberly Clark Corp (NYSE: KMB) right now.
Kimberly Clark is a consumer staples company with a history that can be traced all the way back to 1872. Today, it’s a major player in the paper-based consumer products business. Its products are sold in more than 175 countries around the world. Many of the company’s brands, such as “Huggies,” “Kleenex,” “Scott,” “Kotex,” and “Cottonelle,” hold either the No. 1 or No. 2 market share position in 80 countries. (Source: “Investor Presentation,” Kimberly Clark Corp, last accessed January 6, 2021.)
Facial tissue and toilet paper are nothing exciting, but... more
Geo Group Stock Bruised by COVID-19, But Poised for Rebound
The GEO Group Inc (NYSE: GEO) isn’t for everyone, but it could be great for those who are looking for a huge dividend yield.
People invest in (and avoid investing in) different kinds of stocks for different reasons. Some investors shy away from so-called sin or vice stocks for ethical reasons. Sin stocks include those of companies that profit from things like cigarettes, gambling, adult entertainment, cannabis, alcohol, and weapons.
But the lure of sin stocks is pretty strong, especially when you consider how amazing their long-term performance has been. Shares of tobacco company Altria Group Inc (NYSE: MO) are up more than 1,910% since the start of the new millennium. Over the same time frame, shares of... more
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0530 per share of common stock, payable on February 1, 2021 to shareholders of record at the close of business on January 21, 2021. The ex-dividend date is January 20, 2021. The previous dividend announced in December was $0.0530 per share of common stock.... more
Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors (the “Board”) has declared the next three monthly dividends under the Fund’s managed distribution plan.... more