UBCP

Dividend Increases/Decreases for the Week Ending August 19

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Below we provide a list of firms that raised/lowered their dividends during the week ending August 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 American Financial (AFG): now $0.3125 per share quarterly dividend, was $0.28. Briggs & Stratton (BGG): now $0.14 per share quarterly dividend, was $0.135. Brinker (EAT): now $0.34 per share quarterly dividend, was $0.32. Chemical Financial (CHFC): now $0.27 per share quarterly dividend, was $0.26. Community Bank System (CBU): now $0.32 per share quarterly dividend, was $0.31. Delta Natural Gas Company (DGAS): now $0.2075 per share quarterly … Read more

Dividend Increases/Decreases for the Week Ending November 20

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Below we provide a list of firms that raised/lowered their dividends during the week ending November 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 Acme United (ACU): now $0.10 per share quarterly dividend, was $0.09. Agilent (A): now $0.115 per share quarterly dividend, was $0.10. American Equity (AEL): now $0.22 per share annual dividend, was $0.20. American National Bankshares (AMNB): now $0.24 per share quarterly dividend, was $0.23. Bob Evans Farms (BOBE): now $0.34 per share quarterly dividend, was $0.31. Brown-Forman (BF.A): now $0.34 per share quarterly dividend, was $0.315. … Read more

Dividend Increases for the Week Ending November 15

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Below we provide a list of firms that raised their dividends during the week ending November 15. 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 Automatic Data Processing (ADP): now $0.48 per share quarterly dividend, was $0.435. EMC Insurance Group (EMCI): now $0.23 per share quarterly dividend, was $0.21. GasLog (GLOG): now $0.12 per share quarterly dividend, was $0.11. Griffon Corporation (GFF): now $0.03 per share quarterly dividend, was $0.025. LyondellBasell Industries N.V. (LYB): now $0.60 per share quarterly dividend, was $0.50. Medical Properties Trust (MPW): now $0.21 … Read more

The Mortgage Refinancing Boom Could Be Ending

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Early Wednesday morning, the Mortgage Banker’s Association (MBA) announced that refinancing activity declined 20% from one week earlier. Adjusted for the Labor Day weekend, total mortgage applications dropped 13.5% from the previous week. Consistent with the dramatic upward movement in interest rates, refinancing activity is down 71% since it peaked during the week of May 3, 2013. Why Do We Monitoring Refinancing Activity? When homeowners refinance, a couple outcomes can occur that pump more dollars into the economy. First, with a refinanced mortgage, owners may choose to take equity out of the home, allowing for large purchases like vehicles or even home remodeling. CoreLogic recently reported that 2.5 million more residential properties have returned to positive equity in the second quarter … Read more

Dividend Increases/Decreases for the Week April 22

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Below we provide a list of firms that raised their dividends during the week ending April 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      AmeriServ Financial (ASRV): now $0.03 per share quarterly dividend, was $0.025. Banco Santander-Chile (BSAC): now $0.909 per share dividend, was Ch$1.64751729. Bar Harbor Bankshares (BHB): now $0.26 per share quarterly dividend, was $0.24. CapStar Financial (CSTR): now $0.10 per share quarterly dividend, was $0.06. Compania Cervecerias Unidas S.A. (CCU): now $0.3084 per share quarterly dividend, was $0.309 per share semi-annual dividend. Compania de Minas Buenaventura (BVN): … Read more

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

Dividend Increases/Decreases for the Week of August 19

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Below we provide a list of firms that raised their dividends during the week ending August 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                American Financial (AFG): now $0.63 per share quarterly dividend, was $0.56. Apple Hospitality (APLE): now $0.07 per share monthly dividend, was $0.05. Brigham Minerals (MNRL): now $0.77 per share quarterly dividend, was $0.60. C&F Financial (CFFI): now $0.42 per share quarterly dividend, was $0.40. Cable One (CABO): now $2.85 per share quarterly dividend, was $2.75. Cboe Global Markets (CBOE): now $0.50 per share quarterly dividend, … Read more

Dividend Increases/Decreases for the Week of February 24

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Below we provide a list of firms that raised their dividends during the week ending February 24. 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                          Albemarle (ALB): now $0.40 per share quarterly dividend, was $0.395. Alerus Financial Corporation (ALRS): now $0.18 per share quarterly dividend, was $0.16. AMERISAFE (AMSF): now $0.34 per share quarterly dividend, was $0.31. Assured Guaranty (AGO): now $0.28 per share quarterly dividend, was $0.25. BankUnited (BKU): now $0.27 per share quarterly dividend, was $0.25. Barclays (BCS): now $0.237 per share semi-annual dividend, was $0.105. Bay … 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 Ending February 23

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Below we provide a list of firms that raised their dividends during the week ending February 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 Albemarle (ALB): now $0.335 per share quarterly dividend, was $0.32. Apollo Senior Floating Rate Fund (AFT); now $0.096 per share monthly dividend, was $0.09. Arbor Realty Trust (ABR): now $0.21 per share quarterly dividend, was $0.19. Armada Hoffler Properties (AHH): now $0.20 per share quarterly dividend, was $0.19. Assured Guaranty (AGO): now $0.16 per share quarterly dividend, was $0.1425. The Bank of N.T. Butterfield & Son … Read more