Source Capital, Inc. Declares Quarterly Distribution on Common Stock, Quarterly Dividend on Preferred Stock
The Board of Directors of Source Capital, Inc. (NYSE: SOR), today declared a regular quarterly distribution of 75 cents a common share, payable September 15, 2011, to shareholders of record as of the close of business August 26, 2011.... more
PMF, PCQ, PNF, PML, PCK, PNI, PMX, PZC, and PYN Declare Monthly Common Share Income Dividends
The Boards of Trustees of PIMCO Municipal Income Fund (NYSE: PMF), PIMCO California Municipal Income Fund (NYSE: PCQ), PIMCO New York Municipal Income Fund (NYSE: PNF), PIMCO Municipal Income Fund II (NYSE: PML), PIMCO California Municipal Income Fund II (NYSE: PCK), PIMCO New York Municipal Income Fund II (NYSE: PNI), PIMCO Municipal Income Fund III (NYSE: PMX), PIMCO California Municipal Income Fund III (NYSE: PZC) and PIMCO New York Municipal Income Fund III (NYSE: PYN) (collectively, the “Funds”) announced today that they have declared the following dividends on the Funds’ common shares:... more
Chesapeake Energy Corporation Declares Quarterly Common and Preferred Stock Dividends
Chesapeake Energy Corporation (NYSE: CHK) today announced that its Board of Directors has declared a $0.0875 per share quarterly dividend that will be paid on October 17, 2011 to common shareholders of record on October 3, 2011. Chesapeake has approximately 659 million common shares outstanding. In addition, Chesapeake’s Board has declared dividends on its outstanding convertible preferred stock issues, as stated below.... more
NCV and NCZ Declare Monthly Common Share Income Dividends
The Boards of Trustees of AGIC Convertible & Income Fund (NYSE: NCV) and AGIC Convertible & Income Fund II (NYSE: NCZ) (collectively, the “Funds”) announced today that they have declared the following dividends on the Funds’ common shares:... more
Cognex Corporation Declares Cash Dividend for Q2 2011
Cognex Corporation (Nasdaq: CGNX) announced today that the company’s Board of Directors declared a quarterly cash dividend of $0.09 per share. This dividend is payable on September 16, 2011, to all shareholders of record at the close of business on September 2, 2011.... more
Myers Industries Declares Quarterly Dividend
The Board of Directors of Myers Industries, Inc. (NYSE: MYE) today declared a regular quarterly dividend of $0.07 per share payable October 3, 2011, to shareholders of record as of September 2, 2011.... more
PCN, PTY, PGP, PHK, PKO, RCS, PCM, PFL, and PFN Declare Monthly Common Share Dividends
The Boards of Trustees of PIMCO Corporate Income Fund (NYSE: PCN), PIMCO Corporate Opportunity Fund (NYSE: PTY), PIMCO Global StocksPLUS® & Income Fund (NYSE: PGP), PIMCO High Income Fund (NYSE: PHK), PIMCO Income Opportunity Fund (NYSE: PKO), PIMCO Strategic Global Government Fund, Inc. (NYSE: RCS), PCM Fund, Inc. (NYSE: PCM), PIMCO Income Strategy Fund (NYSE: PFL) and PIMCO Income Strategy Fund II (NYSE: PFN) (collectively, the “Funds”) announced today that they have declared the following dividends on the Funds’ common shares:... more
Can CenturyLink Maintain Its Healthy Dividend?
CenturyLink (NYSE: CTL) pays a juicy 7.8% dividend, which ensures multiple repeat appearances on dividend investors' radars. Let's take a look at some of this company's recent moves and see whether its dividend looks sustainable going forward. Making big movesIn April, CenturyLink merged with Qwest Communications to create the third-largest telecommunications company in the United States, after AT&T (NYSE: T) and Verizon Communications (NYSE: VZ) . Excluding merger-related costs, the transaction is expected to be immediately accretive to free cash flow per share, to the tune of $625 million annually over the next three to five years.... more
3 Disaster-Proof Dividend Stocks
The only guarantee in lifeYou can avoid taxes, but regrettably, you can't avoid death. An estimated 2.5 million Americans will die this year -- which, morbidly enough, spells opportunity for StoneMor Partners (Nasdaq: STON) . StoneMor owns and operates 260 cemeteries and 58 funeral homes in the U.S., generating revenue through internment rights (burial plots and cremation rights), merchandise (caskets, graves, etc.), and the installation of said caskets into said burial plots. StoneMor is an inherently stable business. Revenue at each cemetery grows at about 3% annually, a function of small price increases. There's no worry that the company will run out of land; it will take about 250 years for its cemeteries to fill up. The business grows by acquiring cemeteries, and there are ample... more
The Extraordinary Power of Dividends: Eli Lilly Edition
"Dividends?" he asked. "I'm trying to make my clients wealthy. You don't do that waiting for tiny checks in the mailbox every quarter." Even then, I had enough horse sense to know he was wrong. Paying attention to dividends is exactly how you become wealthy over time.... more