One question that we do hear quite frequently from investors is why are dividends better than stock buybacks?
At the midpoint of this year it seems a good opportunity to review the biggest dividend stories of 2010.
If there is only one factor that you use to evaluate dividend stocks, it should be their cash flow and specifically their free cash flow.
The penny increase in the dividend payment will lift BBY’s current yield to 1.6% based on yesterday’s closing price.
Here is a look at the 10 stocks initiating dividends in 2010.
As expected, BP announced today that the company will officially suspend their quarterly dividend in the wake of the Gulf oil spill disaster.
It was only 18 months ago that JP Morgan, Bank of America and even General Electric were in similar situations.
For weeks now, questions, rumors, speculation and predictions have been swirling about BP.
BP shares plunged nearly 16% today as investors dumped the stock since a dividend cut appears imminent.
Target announced today that the retailer is increasing its quarterly dividend by 47% to $.25 per share.
Income investors are sure to take notice of Viacom now that the stock offers a higher dividend yield than other consumer media stocks like Disney or News Corp.
Goldman Sachs analyst, Michelle della Vigna, believes that the increasing cost of damages and reduced earnings outlook will impact BP’s dividend.
Fitch Ratings believes that BP's dividend is safe despite the widespread speculation of an imminent dividend cut.
While fundamentally BP can continue to service their annual $10.4 billion dividend payment, politically it may become impossible to maintain.
This marks the 7th consecutive year that Northrop Grumman has increased their dividend payment.
The impressive dividend hike shows that Dr. Pepper Snapple is getting serious about dividends.
The dividend increase marks the 33rd consecutive year that Clorox has increased their annual dividend payout – dating back to 1977.
Nordstrom, Inc announced yesterday that the company will increase their dividend by 25%.
One of our favorite Canadian dividend plays is the Bank of Montreal, which we view as the safest Canadian dividend stock.
Sonoco announced today that their Board of Directors approved a 4% increase in their quarterly dividend.
The positive dividend announcement follows yesterday’s announcement that Brinker will be selling their On The Border restaurants for an undisclosed amount.
Dividend investors have reason to cheer as GE’s CFO indicated that the company plans to begin growing their dividend again, but not until 2011.
Pepsi increased their dividend by 7%, but their dividend yield is still below Coca Cola's 3.3% yield.
We likely will not see any dividend increases from financial stocks until at least the second half of this year and probably not until 2011.
Eli Lilly’s board of directors have approved a quarterly dividend of $.49 per share.
Walgreens announced today that they are paying a quarterly dividend for the 306th consecutive quarter.
United Technologies announced today that they are maintaining their quarterly dividend at $.385 per share.
- March 18, 2009
- Dividend News
Sony announced today that they are reducing their dividend by 15%.
Capital One is cutting its quarterly dividend by 87% to save the company $500 million.
Wells Fargo makes the difficult, but necessary decision to reduce their quarterly dividend by 85% to $.05 per share.
Home Depot announced a quarter dividend of $.225 per share and appears well positioned to maintain their dividend in 2009.
Gannett Co. is slashing their quarterly dividend by 90%. The new dividend payment will be $.04 per share, down from $.40 per share. The dividend will be payable on April 1, 2009 to shareholders of record as of March 6, 2009.
BB&T Corp announced they are increasing their quarterly dividend payment from $.46 per share to $.47 per share. The dividend will be payable on May 1, 2009 to shareholders of record as of April 10, 2009.
Allstate Corp announced they are slashing their dividend from $.41 per share to $.20 per share. The dividend will be payable on April 1 to shareholders of record as of March 13.
- February 20, 2009
- Featured
The New York Times Company announced that they are suspending their dividend payment in an effort to conserve cash.