Special Opportunities Fund, Inc. (NYSE: SPE) (the “Fund”) today announced that the Fund’s Board of Directors (the “Board”) has declared a quarterly cash dividend of $0.21875 per share on the Fund’s 3.50% Convertible Preferred Stock, Series B (the “Convertible Preferred”). The dividend is payable on June 30, 2021 to holders of record as of June 21, 2021.... 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 September 10, 2021 to shareowners of record at the close of business on August 16, 2021.... more
Kick the Fed to the Curb With ARR Stock
Over the decades, investors looking for a financial safety net in their retirement turned to reliable fixed-income vehicles like treasuries, bonds, and certificates of deposit (CDs). That doesn’t work anymore. Yields on those tried-and-true investments are in the tank, and have been for 15 years.
And it doesn’t look like the situation is going to get better anytime soon. Inflation is running hot. The Consumer Price Index for April jumped by 4.2% from a year earlier, the fastest pace since September 2008. (Source: “Inflation Speeds Up in April as Consumer Prices Leap 4.2%, Fastest Since 2008,” CNBC, May 12, 2021.)
This has led many to believe that the Federal Reserve will raise interest rates sooner rather than later. This would,... more
Essential Properties Realty Trust, Inc. (NYSE: EPRT; the “Company”) announced today that it expects its 2021 Adjusted Funds from Operations (“AFFO”) on a fully diluted basis to be between $1.24 and $1.28 per share. The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.25 per share of common stock for the second quarter of 2021. The second quarter 2021 dividend represents an annualized dividend of $1.00 per share of common stock and a 4.2% increase over the first quarter 2021 dividend. The dividend is payable on July 15, 2021, to stockholders of record as of the close of business on June 30, 2021.... more
BNY Mellon Municipal Bond Infrastructure Fund, Inc. (NYSE: DMB) today announced a distribution of $0.0530 per share of common stock, payable on July 1, 2021 to shareholders of record at the close of business on June 17, 2021. The ex-dividend date is June 16, 2021. The previous dividend announced in May was $0.0530 per share of common stock.... more
First Keystone Corporation (OTC PINK: FKYS), parent company of First Keystone Community Bank, declared a $0.27 per share quarterly cash dividend to shareholders of record as of June 10, 2021, payable June 30, 2021.... more
A High-Yield Stock You Likely Haven’t Considered
This has got to be one of the most under-the-radar high-yield stocks on the market. It goes by the name of Lument Finance Trust Inc (NYSE: LFT).
You may not have come across this company’s name in major financial media outlets, but I wrote about LFT stock in March.
Structured as a real estate investment trust (REIT), Lument Finance Trust Inc focuses on commercial real estate debt investments. The firm invests primarily in transitional floating-rate commercial mortgage loans, with an emphasis on middle-market multifamily assets.
Trading at $3.68 apiece at the time of this writing, Lument Finance stock is in penny-stock territory, which is not where most income investors typically shop. Yet, with a quarterly dividend... more
Granite Construction Incorporated (NYSE: GVA) today announced that its Board of Directors has declared a quarterly cash dividend of $0.13 per common share. The dividend is payable on July 15, 2021, to all shareholders of record at the close of business on June 30, 2021.... more
TFS Financial Corporation (Nasdaq: TFSL), (the “Company”), the holding company for Third Federal Savings and Loan Association of Cleveland, announced that Third Federal Savings and Loan Association of Cleveland, MHC, (the “MHC”), the mutual holding company that owns 80.9% of the Company’s outstanding common stock, will hold a special meeting of its members. The meeting will include a vote on a proposal to waive the MHC’s right to receive quarterly dividends totaling up to $1.13 per share that may be declared by the Company during the 12-month period following the member vote. All dividends on the Company’s common stock are declared at the discretion of the Company’s Board of Directors. The special meeting will be held on July 13, 2021.... more
First Republic Bank (NYSE: FRC), a leading private bank and wealth management company, today announced that it has declared cash dividends on the following outstanding series of its perpetual preferred stock.... more