LRENY

Dividend Increases/Decreases for the Week of December 29

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Below we provide a list of firms that raised their dividends during the week ending December 29. 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. Banco de Sabadell (BNDSY): now EUR 0.03 per share interim dividend. Bankinter, S.A. (BKNIY): now $0.1266 per share quarterly dividend, was $0.1105. Borr Drilling (BORR): now $0.05 per share quarterly dividend. Cadiz Inc. 8.875% DEP PFD A (CDZIP): now $0.56 per share quarterly dividend, was $0.55. Crescent Capital BDC (CCAP): now $0.41 per … Read more

Brazil: Sorry For Your Losses

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The Brazilian equity markets are in free fall. “Brazil is in a deepening recession, which may grow into depression, as unemployment continues to rise and corporate credit quality deteriorates. Those that made a bundle investing in Brazil’s commodity-driven export boom have been looking to cash out, if they haven’t already, and the real continues to weaken on deteriorating sovereign credit and rampant inflation. Any interest rate hike by the US could have the unintended effect of sending Brazil’s local yields to the mid-teens to account for incremental currency risk and credit deterioration, which would only exacerbate debt service costs as a percentage of the country’s shrinking GDP. This, in turn, could be the catalyst for even more asset flight out … Read more