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REITs Will Likely Continue To Underperform

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By Brian Nelson, CFA Stock prices and returns are in part a function of the cash-based sources of intrinsic value: net cash on the balance sheet and future expectations of free cash flow. Though there are many ways to slice and dice a company with respect to equity analysis, to arrive at an intrinsic value estimate of a firm, it generally comes down to these two important cash-based dynamics. Due to the nature of their business models, most REITs have lofty net debt positions, and many are investing in real estate at a pace that is faster than that which they are generating operating cash flow. One good example of the trouble brewing on many a REIT’s cash flow statement … Read more

Dividend Increases/Decreases for the Week Ending July 3

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  Below we provide a list of firms that raised their dividends during the week ending July 3. 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 Austral Gold Limited (AGLDF): now AUD 0.009 per share dividend. Bank OZK (OZK): now $0.2725 per share quarterly dividend, was $0.2700. Caledonia Mining (CMCL): now $0.085 per share quarterly dividend, was $0.075. HarborOne Bancorp, Inc. (HONE): now $0.03 per share quarterly dividend. MFA Financial, Inc. 6.50 PFD SER C (MFA.PC): now $0.5326 per share quarterly dividend. MFA Financial, Inc. PFD SER B (MFA.PB): now $0.9375 … Read more

Dividend Increases/Decreases for the Week Ending April 8

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Proctor & Gamble’s headquarters in Cincinnati, Ohio. Barta IV Below we provide a list of firms that raised their dividends during the week ending April 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 Constellation Brands Inc (STZ): now $0.04 per share quarterly dividend, was $0.31. Grupo Aeroportuario del Centro Norte (OMAB): now Ps. 3.50 per share annual dividend, was Ps. 3.00. H.B. Fuller Company (FUL): now $0.14 per share quarterly dividend, was $0.13.                  IDEX (IEX): now $0.34 per share quarterly dividend, was $0.32. Pembina Pipeline Corp. (PBA): now $0.1219 per share … Read more

Dividend Increases for the Week Ending January 9

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Below we provide a list of firms that raised their dividends during the week ending January 9. 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 ADT (ADT): now $0.21 per share quarterly dividend, was $0.20. BP Prudhoe Bay Royalty Trust (BPT): now $2.69 per share quarterly dividend, was $2.03. DDR (DDR): now $0.1725 per share quarterly dividend, was $0.155. Ford (F): now $0.15 per share quarterly dividend, was $0.125. Nordic American Tankers (NAT): now $0.22 per share quarterly dividend, was $0.14. Plains All American Pipeline (PAA): now $0.675 per share quarterly … Read more

Dividend Increases for the Week Ending January 10

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Below we provide a list of firms that raised their dividends during the week ending January 10. The dividend reports of covered firms on this list will be updated shortly with the new information. To access our dividend reports, please click here (or use our ‘Symbol’ search box in our website header). Firms Raising Their Dividends This Week DDR (DDR): now $0.155 per share quarterly dividend, was $0.135. Fly Leasing Limited (FLY): now $0.25 per share quarterly dividend, was $0.22. Ford (F): now $0.125 per share quarterly dividend, was $0.10. Sovran Self Storage (SSS): now $0.68 per share quarterly dividend, was $0.53. Spectra Energy (SE): now $0.335 per share quarterly dividend, was $0.305.