Daily dividend news for investors in dividend stocks

Prospect Capital Reduces Its Distribution

As we have long expected and predicted, Prospect Capital (ticker: PSEC) has reduced its dividend distribution level. Our skepticism about the company's ability to maintain its policy of ever increasing dividends was based upon the very substantial gap between Prospect's Net Investment Income Per Share and the dividend: 11 cents a share. That's after Prospect harvested many of the benefits of acquiring Patriot Capital at a discount, as well as getting the one time benefit of repricing three loans last quarter. Here's the language from the last Earnings Report which explains this item: During the three months ended March 31, 2010, we repriced our loans to Aircraft Fasteners International, LLC ("AFI"), Prince Mineral Company, Inc. ("Prince") and R-O-M Corporation ("ROM"). The revised terms... more

SeekingAlphaStock symbol(s): PSEC

Should Gilead Sciences Declare a Dividend?

Investors in Gilead Sciences (GILD) have had quite a run over the past decade. From 1996 through 2008, GILD shares posted gains every single year. During that same 13-year period, the Dow Jones index only posted gains in 8 years. The other 5 years the Dow posted some significant losses. Investors who purchased GILD shares at the beginning of 1996 have experienced a phenomenal 5,922% return. It seemed like the stock could only climb higher each year and the stock split four times from 2001-2006.... more

SeekingAlphaStock symbol(s): BMY,GILD,GSK

A Dozen Dividend Aristocrats Offering Excellent Yields

Most Dividend Aristocrats (with a minimum of 25 consecutive annual dividend increases) are not in the Dow. Below are 12 of the remaining 36 companies, diverse companies which are typically expanding in foreign markets with enormous potential because of large populations. Like Dow Dividend Aristocrats, they have strong financials with excellent long term records. Most have been operating for a century or longer. When yields on short term investments are minimal, these stocks with greater yields are attractive investments.... more


BP Apologizes, Suspends Dividend

The outcome of the yesterday’s meeting between BP plc (BP) and the U.S. President is positive. An agreement was reached to create a $20 billion claims fund over the next three and a half years and the company has decided not to pay dividends to shareholders for the rest of the year, including the one scheduled for June 21 totaling about $2.6 billion. The entire group has been braving the after-effects of the Gulf of Mexico oil spill on April 20, and has already taken several steps to protect the interest of the people who live along the Gulf Coast and depend on it for their livelihood.... more

SeekingAlphaStock symbol(s): BP

7 ETFs for Investors Mourning BP's Dividend

Almost two months after an offshore explosion sparked one of the worst environmental disasters in U.S. history, the White House has stepped in to ensure that British oil giant BP is held accountable for cleanup efforts and the economic damage done. With public outrage towards the oil industry reaching new highs, BP (BP) has had little leverage to resist the measures proposed by lawmakers. BP hastily agreed to set up a $20 billion escrow fund to pay claims and suspend at least three dividends. The company hopes to resume its dividend payments in 2011, but it remains to be seen if that will be a politically or financially viable option. The suspension of the dividend was a victory for the Obama administration and was cheered by environmentalists who feared that BP would prioritize payments... more

SeekingAlphaStock symbol(s): DTN,DVY,IDV,PFM,PID,VIG,VYM

Air Products and Chemicals: Dividend Stock Analysis

Air Products and Chemicals, Inc. offers atmospheric gases, process and specialty gases, performance materials, and equipment and services worldwide. The company is member of the S&P 500, Dow Jones Industrials and the S&P Dividend Aristocrats indexes. Air Products and Chemicals has paid uninterrupted dividends on its common stock since 1954 and increased payments to common shareholders every year for 28 years.Over the past decade this dividend stock has delivered an average total return of 11.80% to its shareholders.The company has managed to deliver a 20.20% average annual increase in its EPS over the past decade, largely due to low earnings in 2000. Analysts are expecting an increase in EPS to $4.98 for 2010 and $5.63 by 2011. This would be a nice increase from the 2009 earnings per... more

SeekingAlphaStock symbol(s): APD

6 Dividend Stocks Working When You're Not

This past week I have been vacationing more than 1,500 miles from my home. As with most vacations, I have not done much work this week. However, a quick check of my brokerage account shows that my dividend stocks have been very busy this week. It is nice to know my income portfolio never takes a day off. What’s even better is the portfolio is frequently getting a raise through higher cash dividend payments.... more

SeekingAlphaStock symbol(s): BMR,CXS,JW-A,NLY,ODC,SSI

Four Stocks Going Ex-Dividend Fourth Week of June

Here is our latest update on the stock trading technique called 'Buying Dividends'. This is the process of buying stocks before the ex dividend date and selling the stock shortly after the ex date at about the same price, yet still being entitled to the dividend. This technique generally works only in bull markets. In flat or choppy markets, your have to be extremely careful. In order to be entitled to the dividend, you have to buy the stock before the ex-dividend date, and you can't sell the stock until after the ex date. The actual dividend may not be paid for another few weeks. WallStreetNewsNetwork.com has compiled a downloadable and sortable Excel list of the stocks going ex dividend during the next week or two. The list contains many dividend paying companies, all with market caps... more

SeekingAlphaStock symbol(s): GTY,HNZ,PNY,XEL

5 Dividend Stocks for Former BP Investors

Dividend investors have been dumping their BP stock for weeks now, given concerns that the dividend would be axed. Yesterday, BP (BP) officially suspended their dividend, confirming investor fears. Now ex-BP investors are looking for quality stocks to replace their lost dividend yields.Of course investors aren’t expecting to find stocks offering a 10.5% dividend yield like BP had until yesterday, but replacing BP’s dividend yield is not an easy task either. Consider BP stock before the Gulf rig explosion on April 20:... more

SeekingAlphaStock symbol(s): AZN,BP,GSK,NGG,RDS-A,UL

The Top 5 Foreign Dividend Paying Stocks for 2010

In our previous article, “The Top 5 U.S. Dividend Paying Stocks for 2010”, we identified the five U.S. dividend stocks which are projected to make the largest cash dividend payouts to shareholders in 2010. This elite group included 2 Energy stocks, 2 Healthcare stocks, and a Telecom stock. The top 5 foreign dividend paying stocks that we’ve identified include a Spanish bank, a Chinese telecom, and 3 energy companies, from the U.K., Holland, and France. It turns out that 2 of these foreign Energy stocks are actually projected to pay out more cash dividends than any of the U.S. stocks. All 5 of these foreign dividend stocks trade in the U.S. on the NYSE.... more

SeekingAlphaStock symbol(s): BP,CHL,RDS-A,RDS-B,STD,TOT