Markets News Stocks 

There’s one major market distortion standing in the way of ‘normal’ levels of interest and volatility

“The last time most people remember having an opportunity to buy “cheap” stocks was in 2009″ writes Jared Dillian for businessinsider.com. Index fund investors buy cheap stocks and expensive stocks indiscriminately.Going back further, people tend to associate the dot-com bubble with the most expensive stocks in history.And it took some courage to buy cheap stocks.Anyway, lots of cheap stocks back then. Source: businessinsider.com Share This:

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News Stocks 

MGM Growth Properties raised dividend, to an implied yield of 5.7%

“MGM Growth Properties LLC MGP, +0.86% said Friday it raised its quarterly dividend by 2.4%, to 43 cents a share from 42 cents a share” writes Reporter Editor for marketwatch.com. The real estate investment trust said the new dividend will be payable July 16 to shareholders of record on June 29.Based on Thursday’s stock closing price of $30.40, the new annual dividend rate implies a dividend yield of 5.66%, compared with the yield on the SPDR Real Estate Select Sector ETF XLRE, +0.20% of 3.35% and the implied yield on…

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News Oil 

Alaska taps cherished oil fund to pay state expenses

“ANCHORAGE, Alaska (Reuters) – Alaska will dip into its cherished oil wealth fund to pay for state government operations for the first time since the fund was set up in the 1970s” writes Midwest Communications Inc for 95kqds.com. The decision to use the fund money prompted ratings agency Standard and Poor’s to raise its outlook for Alaska from negative to stable last week.In recent years that dividend – known as the Permanent Fund Dividend (PFD) – has dwindled and a budget veto by Walker in 2016 halved the payout to $1,022.The…

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News Stocks 

Caterpillar’s stock raises dividend, to lift implied yield above its peers

“At current stock prices, the new annual dividend rate implies a dividend yield of 2.21%, compared with the SPDR Industrial Select Sector ETF’s XLI, -0.29% yield of 1.76% and the implied yield for the Dow Jones Industrial Average DJIA, +0.02% of 2.09%” writes Reporter Editor for marketwatch.com. CAT, -1.45% said Wednesday it will increase its quarterly dividend by 10%, to 86 cents a share from 78 cents a share. The stock has gained 1.3% over the past three months, while the industrial ETF has slipped 0.8% and the Dow has…

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News 

H&R Block shares plunge 14% after company’s Q1 results

“For the year, about 20 million tax returns were prepared by or through H&R Block in the U.S., a 2.5% increase over fiscal 2017, the company said” writes Claudia Assis for marketwatch.com. HRB, +0.75% fell more than 14% late Tuesday after the tax-preparation company reported a first-quarter earnings beat and increased its dividend.The company also announced a 4% dividend increase to 25 cents a share, payable on July 2. Source: marketwatch.com Share This:

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News Stocks 

As Utility Stocks Get Crushed, Possibilities Emerge

“The current PPL yield is 345 bps higher than the 10-year Treasury note” writes Ray Merola for seekingalpha.com. Meanwhile, PPL management expects 2020 EPS to improve to $2.58 off a 2017 $2.25 base, or 4.1% a year.Prior to the Great Recession, 10-year yields were higher than the XLU dividend yield.Over the next two years, PPL management plans to raise up to $2 billion capital through equity issuance.Dominion shares appear discounted, and offer a current dividend yield unseen for almost 20 years. Source: seekingalpha.com Share This:

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News Stocks 

Philip Morris boosts dividend by 6.5%

“The stock had tumbled 26.8% year to date through Thursday, while the S&P 500 SPX, -0.07% has gained 3.6%” writes Reporter Editor for marketwatch.com. PM, +0.70% said Friday it raised its quarterly dividend by 6.5%, to $1.14 a share from $1.07 a share.The cigarettes and smoke-free products company’s stock was still inactive in premarket trade.Based on Thursday’s stock closing price of $77.39, the new annual dividend rate of $4.56 implies a dividend yield of 5.89%, compared with the implied yield for the S&P 500 SPX, -0.07% of 1.91%, according to…

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News 

As companies sweeten dividend payouts, this is what investors need to know

“While its dividend yield is still a modest 1.56 percent, for the many investors who own the stock, a climbing dividend is a welcome development” writes unknown author for cnbc.com. On May 1, Apple announced a long-awaited dividend increase.The average dividend increase is also climbing compared to the recent past. “Companies are increasing dividends faster in 2018.”.  Source: cnbc.com Share This:

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News Stocks 

What’s in your wallet? More cash, if you know how to save

“Then, check out advice on investing in dividend stocks, real estate, and the legally tricky world of cannabis stocks” reports marketwatch.com. Author Seth Godin on four ways to be better at work Investing in marijuana or cannabis stocks can be risky.This outperforming fund manager ‘rents’ dividend stocks for a higher yield A panel of economic and housing experts sees a dip in house prices on the horizon.This week’s digest focuses on the rewards of being a smart saver, and what you need to know to keep more money in your…

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News Stocks 

Exxon Underappreciated on the Street: RBC

“The RBC bull expects XOM, with a current dividend yield of 4.2%, to lift its dividend by 4% in 2019 and 5% annually thereafter” writes Shoshanna Delventhal for investopedia.com. Exxon Mobil Co. (XOM), the largest U.S. energy company, is set to make a comeback after a period of poor stock performance and a series of disappointing results, according to one team of bulls on the Street.New projects should “lead to superior returns” and set the company up as “one of the most attractive in the sector,” as its project queue…

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