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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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Snap stock gains after analyst highlights stock loan recall, surging borrow rates

“SNAP, +5.24% are up 5.6% in Tuesday trading after a report from S3 Partners highlighted “an avalanche of stock loan recalls” that hit during Monday’s session and suggested that borrowing rates could increase due to limited supply” writes Emily Bary for marketwatch.com. The report from S3’s Ihor Dusaniwsky said that more than 5 million shares were recalled on Monday.”If stock loan availability dries up, we can expect a significant amount of short covering driving up Snap’s stock price even further from its recent historical low,” he wrote. The stock has…

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NetEase doubles stock repurchase program to $2 billion

“NTES, +1.65% said Monday it added $1 billion to its stock repurchase program, raising it to $2 billion” writes Reporter Editor for marketwatch.com. Netease’s stock gained 0.2% in premarket trade.Based on Friday’s stock closing price of $243.58, the new program would allow the China-based internet technology company to buy back up to 8.2 million shares, or about 6.3% of the shares outstanding. Source: marketwatch.com Share This:

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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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Fortive to acquire Johnson & Johnson sterilization business for $2.7 billion

“FTV, +0.89% said late Wednesday it made a binding $2.7 billion cash offer to Johnson & Johnson JNJ, +1.08% to acquire its Advanced Sterilization Products business” writes Tech Reporter for marketwatch.com. Johnson & Johnson stock was flat after hours.Fortive said that the sterilization business generated sales of $775 million.Fortive stock was up a fraction after hours and closed up 0.9% to $74.96 during the regular session. Fortive stock is up 3.6% this year as the benchmark S&P 500 index SPX, +0.86% is up 2.8%. Source: marketwatch.com Share This:

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Nasdaq aims for back-to-back records as stocks open mixed

“Tech shares led gains Monday as investors focused on a strong U.S. economic backdrop and worries about trade tensions faded” writes William L for marketwatch.com. The Nasdaq COMP, +0.31% rose 0.2% to 7,621.60, while the S&P 500 SPX, +0.06% flipped between small gains and losses, recently trading down less than 0.1% at 2,746.70. Source: marketwatch.com Share This:

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