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Why We Don’t Like Dividends of Banking Firms: 4 Very Good Reasons

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Untermyer: Is not commercial credit based primarily upon money or property? Morgan: No, sir. The first thing is character. Untermyer: Before money or property? Morgan: Before money or anything else. Money cannot buy it … a man I do not trust could not get money from me on all the bonds in Christendom. –Mr. JP Morgan’s testimony before the Pujo Committee (questioning from Samuel Untermyer), 1912-1913 Reason #1: A Bank Run Is Always Possible Though the history of banking dates back to as early as 2000 BC in Babylonia, the makings of the present-day banking system in the US really didn’t take hold until the beginning of the 20th century. Some financial historians may argue for a later date, but we … Read more

Stock Market Outlook for 2021

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By Valuentum Analysts February 8, 2021 2020 was one for the history books. We covered our thoughts and reflections on the past year in our “2020 Won’t Soon Be Forgotten” article (link here), and now we are looking towards the future. Global health authorities should be able to bring an end to the ongoing coronavirus (‘COVID-19’) pandemic sooner than many had expected as several vaccines have already been improved for emergency use and several others appear increasingly likely to get approved. Global vaccine distribution activities are currently underway, and this should allow the world to slowly return to pre-pandemic activities. Before then, immense stimulus measures launched primarily in developed nations should support global economic activities until the public health crisis … Read more

Dividend Increases/Decreases for the Week March 19

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Below we provide a list of firms that raised their dividends during the week ending March 19. 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 America First Multifamily Investors (ATAX): now $0.09 per share quarterly dividend, was $0.06. Artis Real Estate Investment Trust (ARESF): now CAD 0.05 per share monthly dividend, was CAD 0.0464. Aura Minerals (ARMZF): now $0.83 per share special dividend, was $0.92. Badger Daylighting (BADFF): now CAD 0.0525 per share monthly dividend, was CAD 0.0500. Blue Ridge Bankshares (BRBS): now $0.15 per share quarterly dividend. Brigham Minerals (MNRL): … Read more

Dividend Increases/Decreases for the Week November 19

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Below we provide a list of firms that raised their dividends during the week ending November 19. 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 360 DigiTech (QFIN): now $0.14 per share quarterly dividend. AFLAC (AFL): now $0.40 per share quarterly dividend, was $0.33. Agilent Technologies (A): now $0.21 per share quarterly dividend, was $0.194. American National Bankshares (AMNB): now $0.28 per share quarterly dividend, was $0.27. Amkor Technology (AMKR): now $0.05 per share quarterly dividend, was $0.04. AMMO 8.75% PFD SER A (POWWP): now $1.0148 per share dividend, was $0.2412. … Read more

Dividend Increases/Decreases for the Week March 18

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Below we provide a list of firms that raised their dividends during the week ending March 18. 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      Alvopetro Energy (ALVOF): now $0.08 per share quarterly dividend, was $0.06. American Vanguard (AVD): now $0.025 per share quarterly dividend, was $0.020. Andlauer Healthcare (ANDHF): now CAD 0.06 per share quarterly dividend, was CAD 0.05. Angel Oak Mortgage (AOMR): now $0.45 per share quarterly dividend, was $0.36. Arcos Dorados (ARCO): now $0.15 per share annual dividend, was $0.11. Badger Daylighting (BADFF): now CAD 0.165 per share … Read more

4 Very Good Reasons Why We Don’t Like Dividends of Banking Stocks

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Untermyer: Is not commercial credit based primarily upon money or property?Morgan: No, sir. The first thing is character.Untermyer: Before money or property?Morgan: Before money or anything else. Money cannot buy it … a man I do not trust could not get money from me on all the bonds in Christendom. –Mr. JP Morgan’s testimony before the Pujo Committee (questioning from Samuel Untermyer), 1912-1913   Image: Bank Run in Michigan, USA, February 1933. Source: Public Domain. By Brian Nelson, CFA It’s sometimes easy to lose sight of the fragility of a banking firm’s business model. Let’s examine the reasons why we don’t like banking firms’ dividends. Reason #1: A Bank Run Is Always Possible. Reason #2: Others Have Tried to Invest in Bank Dividends and Have Failed. Reason #3: … Read more

Dividend Increases/Decreases for the Week of December 22

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Below we provide a list of firms that raised their dividends during the week ending December 22. 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                          BDO Unibank, Inc. (BDOUY): now $0.0852 per share quarterly dividend, was $0.0847. Beaver Coal Company (BVERS): now $115.00 per share quarterly dividend, was $90.00. Big Banc Split Corp. (TSX:BNK:CA): now CAD 0.12 per share monthly dividend, was CAD 0.0662. Britvic plc (BTVCY): now $0.5477 per share semi-annual dividend, was $0.1830. Calvin B. Taylor Bankshares (TYCB): now $0.40 per share special dividend, was $0.34. China … Read more

Dividend Increases/Decreases for the Week of December 20

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Below we provide a list of firms that raised their dividends during the week ending December 20. 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                          AMCON Distributing (DIT): Now $0.28 per share special dividend, was $0.18. Ameris Bancorp (ABCB): now $0.20 per share quarterly dividend, was $0.15. Apartment Investment (AIV): now $0.60 per share special dividend, was $0.02. ARC Resources (ARX:CA): now CAD 0.19 per share quarterly dividend, was CAD 0.17. Blue Owl Capital III (OBDE): now $0.52 per share special dividend, was $0.06. CenterPoint (CNP): now $0.22 per … Read more

Dividend Increases/Decreases for the Week Ending March 20

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Below we provide a list of firms that raised their dividends during the week ending March 20. 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 ALPS ETF Trust – ALPS Sector Dividend Dogs ETF (SDOG): now $0.4614 per share quarterly dividend, was $0.4196. ALPS ETF Trust – ALPS Equal Sector Weight ETF (EQL): now $0.6360 per share quarterly dividend, was $0.4789. ALPS ETF Trust – Cohen & Steers Global Realty Majors ETF (RDOG): now $0.6844 per share quarterly dividend, was $0.5113. Alpine Income Property Trust, Inc. (PINE): now $0.20 per share … Read more