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Dividend Increases/Decreases for the Week Ending December 8

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Below we provide a list of firms that raised their dividends during the week ending December 8. 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 Agree Reality Corporation (ADC): now $0.52 per share quarterly dividend, was $0.50. Alexandria Real Estate Equities (ARE): now $0.90 per share quarterly dividend, was $0.86. Allied Properties Real Estate Investment Trust (APYRF): now CAD 0.13 per share monthly dividend, was CAD 0.1275. Axis Capital Holdings (AXS): now $0.39 per share quarterly dividend, was $0.38. Bank of Montreal (BMO): now CAD 0.93 per share quarterly dividend, was … Read more

2,350-2,750 on the S&P? Could the Coronavirus Catalyze a Financial Crisis?

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Image: We think a rather modest sell-off in the market to the target range of 2,350-2,750 on the S&P 500 is rather reasonable in the wake of one of the biggest economic shocks since the Global Financial Crisis. The chart above shows how far markets have advanced since 2011, and an adjustment lower to the target range of 2,350-2,750 is rather modest in such a context and would only bring markets to late 2018 levels (note red box as the target range). The range reflects ~16x S&P 500 12-month forward earnings estimates, as of February 14, adjusted down 10% due to COVID-19. When companies like Visa talk about a couple percentage points taken off of growth rates, one knows that … Read more