Dividend Increases/Decreases for the Week of September 30
September 30, 2022
Below we provide a list of firms that raised their dividends during the week ending September 30. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week BancFirst (BANF): now $0.40 per share quarterly dividend, was $0.36. Cal-Maine Foods (CALM): now $0.85 per share quarterly variable dividend, was $0.75. City Holding (CHCO): now $0.65 per share quarterly dividend, was $0.60. Corebridge Financial (CRBG): now $0.23 per share quarterly dividend. The First of Long Island (FLIC): now $0.21 per share quarterly dividend, was $0.20. First High-School Education Group (FHS): now $0.0146 per share
Dividend Increases/Decreases for the Week of September 23
September 23, 2022
Below we provide a list of firms that raised their dividends during the week ending September 23. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports use the ‘Symbol’ search box in our website header. Firms Raising Their Dividends This Week Accenture (ACN): now $1.12 per share quarterly dividend, was $0.97. American Tower (AMT): now $1.47 per share quarterly dividend, was $1.43. Bank First (BFC): now $0.25 per share quarterly dividend, was $0.22. Calvin B. Taylor Bankshares (TYCB): now $0.33 per share quarterly dividend, was $0.30. Change Healthcare (CHNG): now $2.00 per share special dividend. CVB Financial (CVBF): now $0.20 per share quarterly dividend, was $0.19.
Realty Income’s Dividend Growth Track Record Is Stellar
September 22, 2022
Image Shown: We like exposure to shares of Realty Income Corporation in our Dividend Growth Newsletter portfolio. Image Source: Realty Income Corporation – Second Quarter of 2022 IR Earnings Presentation By Callum Turcan We include Realty Income Corporation (O), a real estate investment trust (‘REIT’), as an idea in the Dividend Growth Newsletter portfolio because we like the exposure the REIT provides to the commercial property market. Back in November 2021, Realty Income closed its merger with VEREIT and subsequently spun off Orion Office REIT Inc (ONL), a move that effectively saw Realty Income exit the corporate office property space. Realty Income’s portfolio consists of 11,400+ commercial properties in the US, Puerto Rico, and the UK that provide the REIT
Fed Raises 75 Basis Points; Food Price Inflation Continues to Wreak Havoc on Consumer Budgets
September 21, 2022
Image Source: Federal Reserve The Fed upped its key benchmark rate to the range of 3%-3.25% on September 21, but it may not be enough to stem the rise in inflation. We think the market has further room to fall. By Brian Nelson, CFA We think the Fed is looking to crush the economy and break the will of businesses to raise prices. Unfortunately, there is only so much that hiking the federal funds rate can do, and much of the inflation that is hurting the consumer is coming in the form of food prices, and this doesn’t look like it will abate anytime soon. I had warned about a coming market “flush” in a late August video, in part
Dividend Growth Giant Microsoft Raises Its Dividend 10%!
September 20, 2022
Image Shown: Microsoft has been a fantastic dividend grower the past several years. The company announced September 20 another 10% increase in its quarterly dividend per share, to $0.68. Image Source: Microsoft. By Brian Nelson, CFA On September 20, dividend growth giant Microsoft Corp (MSFT) declared a quarterly dividend of $0.68 per share, a 10% increase from the prior rate, revealing a forward estimated yield of ~1.1% at the time of this writing. Microsoft has been the quintessential dividend growth stock, and the company remains an idea in the simulated Dividend Growth Newsletter portfolio, which has held up quite well during 2022 thus far. Image Shown: The simulated Valuentum newsletter portfolios have held up well in a very difficult market
Should You Gear Up for the Porsche AG IPO?
September 20, 2022
Image Shown: Unit sales at Porsche fell 5% during the first half of 2022, but demand remains particularly strong for its SUV models despite a troubled supply chain and higher input cost inflation. Image Source: Porsche AG. By Brian Nelson, CFA German luxury and sports car maker Porsche AG (POAHY) (POAHF) is planning to go public in the coming weeks, following in the footsteps of Ferrari (RACE), which listed a few years ago. Porsche-owner Volkswagen AG (VWAGY) (VLKAF) has been investing heavily in electric vehicles, and the IPO of the Porsche brand will provide it with fresh capital to be more competitive on that front. The Porsche AG IPO would be one of the biggest ever in Europe at a time when
High-Yielding Digital Realty Is Committed to Rewarding Income Seeking Investors
September 15, 2022
Image Shown: Digital Realty Trust Inc continues to secure new leases which supports its growth outlook. Image Source: Digital Realty Trust Inc – Second Quarter of 2022 Earnings Press Release By Callum Turcan Data center real estate investment trusts (‘REITs’) are a great source of income with ample growth opportunities given the secular tailwinds underpinning data demand growth. The proliferation of cloud computing, the Internet of Things (‘IoT’) trend, the rise of autonomous automobiles, households that previously did not have access to the Internet gaining access (particularly in sub-Saharan Africa and South Asian), the rollout of 5G wireless services, and other factors are all driving up data demand around the world. In turn, that makes it easier for data center
Nelson Nailed Food Price Inflation Risks; Markets Heading Lower
September 13, 2022
Image Source: Liz West “Milk was up 17%, poultry up 15.9%, while eggs were up 39.8% in the August CPI report.” By Brian Nelson, CFA Hi everyone: I put together a video several weeks ago on August 27, explaining how consumers were tapped out due to inflationary squeezes, particularly at the grocery store, as a big reason for being incrementally more bearish on the equity markets. The August CPI report, released September 13, showed that consumer prices advanced 8.3% on a year-over-year basis and are still accelerating, increasing 0.1 percent from July, where the pace was unchanged. Milk was up 17%, poultry up 15.9%, while eggs were up 39.8% in the August CPI report. We don’t think the market was
U.S. Housing Market Showing Signs of Weakness
September 11, 2022
Image Shown: The US housing market is starting to show signs of weakness. Companies involved in the home building business in the US are starting to feel the heat, with the iShares US Home Construction ETF down ~30% year-to-date as of early September 2022 on a price-only basis. By Callum Turcan The national U.S. housing market has been on fire during the past few years. Sharp increases in U.S. housing prices are now contending with rising mortgage rates, which is prompting the question, are U.S. housing prices heading for a crash? Affordability issues are rampant, with many households now priced out of the market, and signs of weakness are emerging in the U.S. housing market. Background The Federal Reserve is
