News 

UK bank RBS announces first dividend in 10 years

“We do have to get the DOJ agreement signed relating to RBS, but once that’s signed we’ve declared today a 2 (pence) dividend subject to that,” the CFO said” writes Natasha Turak for cnbc.com. The lengthy settlement agreement process has prevented the bank from providing dividends to its shareholders.While well below the pre-crisis payout, the ability to offer a dividend to shareholders is a milestone for the group, RBS Chief Financial Officer Ewen Stevenson said on Friday.The Royal Bank of Scotland announced Friday the intention to pay its first dividend…

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Markets News Stocks 

This European stock looks set to rally — and yields 5% so ‘you’re paid to wait’

“Only 8% of the 24 analyst teams that cover the stock put a Buy rating on it, according to FactSet” writes Markets Writer for marketwatch.com. But they also said it “would take time to materialize.” As the tug of war over the telecom’s stock plays out, it’s worth considering dialing in and hanging on. “It’s got a big dividend, so you’re paid to wait,” Nichols says. Source: marketwatch.com Share This:

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Markets News Oil 

BP profits soar on buoyant oil market 

“Oil giant BP hiked its dividend for the first time in four years after a rise in crude prices helped it post bumper profits” writes Agence France-presse for telegraph.co.uk. “Given this momentum and the strength of our financial frame, we are increasing our dividend for the first time in almost four years.Bob Dudley, chief executive, said: “We continue to make steady progress against our strategy and plans, delivering another quarter of strong operational and financial performance. “This reflects not just our commitment to growing distributions to shareholder but our confidence…

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News 

Royal KPN net profit falls 22%

“Royal KPN NV KPN said Thursday that second-quarter net profit decreased 22%, impacted by the sale of part of its stake in Telefonica Deutschland AG (O2D.XE)” writes Carlo Martuscelli for marketwatch.com. The Dutch telecommunications company said net profit for the quarter ended June 30 was 129 million euros ($150.9 million), compared with EUR166 million a year earlier.Revenue fell 1.8% to EUR1.40 billion, a decrease the company attributed to regulation.Royal KPN said that while operating profit rose 6.6% to EUR210 million, net profit was lower as a result of the smaller…

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News Stocks 

Papa John’s adopts rights plan to limit founder’s stake

“(Reuters) – Papa John’s International Inc on Sunday adopted a shareholder rights plan, or a “poison pill”, with a 15 percent trigger to deter existing stockholders from amassing a controlling stake in the company” reports businessinsider.com. The rights plan expires on July 22, 2019 and the record date for dividend distribution is Aug. 2, the company said in a statement.The rights plan intends to protect the interests of the company and its stockholders by reducing the likelihood of gaining control of the company through open market accumulation or other tactics…

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GBP Markets News 

British Land confirms higher dividend

“British Land Co. also confirmed that its interim dividend for the first quarter ended June 30 will be 7.75 pence per share, up 3% on the first-quarter dividend last year, and that the payment will be made on Nov. 9” writes Oliver Griffin for marketwatch.com. The property development and investment company said leasing activity in its offices businesses was good, with 98% of its portfolio occupied.The company warned that the retail market remains challenging due to the impact of long-term structural change driven by the internet and short-term market headwinds. Source:…

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News Stocks 

National Retail Properties raises dividend by 5.3%

“NNN, -0.34% said Monday it will raise its quarterly dividend by 5.3%, which would mark the 29th-straight year the real estate investment trust has increased its dividend” writes Reporter Editor for marketwatch.com. The new dividend of 50 cents a share, up from 47.5 cents a share, will be payable Aug. 15 to shareholders of record on July 31.Based on Friday’s stock closing price of $44.37, the new annual dividend rate implies a dividend yield of 4.51%, compared with the yield for the SPDR Real Estate Select Sector ETF XLRE, -0.33%…

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