Dividends

[bar1080]

Walgreens Just Slashed Its Dividend. Stock Is Plunging

"Shares of Walgreens Boots Alliance fell by more than 10% after the pharmacy chain said it is cutting its quarterly dividend by nearly half. Walgreens shares initially jumped 2.4% in premarket trading following the announcement, but tumbled 11% as the regular session began. Adjusted earnings for the first quarter of Walgreens’ fiscal year, disclosed along with the news of the dividend cut, were 66 cents a share, beating the 62 cents a share consensus estimate among analysts tracked by FactSet, and down from $1.16 a share in the same quarter last year."

https://finance.yahoo.com/m/ee25515a-b35b-34e4-8abb-923112313e77/walgreens-just-slashed-its.html

[fung_derf]

I had bought $MOS back in Dec '21 and made about 95% on the shares I sold (kept half), but looks like I could have made about 200% in UAN....plus the dividends.
The fertilizer stocks rose due to the war, and maybe it was an anomaly. I haven't bought yet, but I am following for another breakout. I'm thinking above $83 and I'm in.

[bar1080]

OK Fung, that's the way I read the variables, too. Then there's the amount of leverage the partnership uses. Interesting stock, but certainly not my cup of tea, (or Nitrogen). . .

[fung_derf]

LOL....yeah, I saw the dividend was variable, but it has been paying it for a couple years now and the fertilizer industry in the US has done well since Russia went to war with Ukraine.
According to the company, their focus is more on the Nitrogen than its competitors.
FWIW, it doesn't take many 37% dividends to make the stock a hold. Although they did suspend it in 2016.

[bar1080]

You really think the average penny-playing IHUBber has taken a deep dive into that huge, complex dividend?

"But dividend investors looking at the massive distribution and yield (listed at 27% or higher on major online quote services) need to take the numbers with a grain of salt. The partnership has a variable distribution policy, which means you can't simply count on the payment remaining at the current level. "

"In other words, unless you will be following this partnership very closely, it is not an income investment worth owning if what you are really looking for is income consistency. "

"In other words, unless you will be following this partnership very closely, it is not an income investment worth owning if what you are really looking for is income consistency. "

https://www.fool.com/investing/2023/05/02/why-cvr-partners-stock-jumped-125-at-the-open-toda/?source=eptyholnk0000202&utm_source=yahoo-host&utm_medium=feed&utm_campaign=article

[fung_derf]

The dividend there is CRAZY!!...and it's not like the stock is tanking. Is it return of principal?

[02opida]

UAN CVR Partners Reports Fourth Quarter and Full-Year 2022 Results ‚ and Announces a Cash Distribution of $10.50

[fung_derf]

This was a very good post.

[fung_derf]

You were 50% on your recommendations.

[fung_derf]

WOW...this post was dead on!

[fung_derf]

DJ Income Investing: Dividends Are in Danger. Here Are Some Safer Bets. -- Barron's
Dow Jones News9:30 PM Eastern Daylight Time Mar 27, 2020
By Lawrence C. Strauss
Many companies have suspended or cut dividends in recent weeks as the coronavirus outbreak has severely curtailed business, and hundreds more are possible in coming weeks and months.

Beyond the basic need to conserve cash while business is depressed, the stimulus bill reportedly aims to restrict certain companies' ability to pay dividends.

"No companies were built to withstand zero revenue for an extended period of time," says Bill Nygren, portfolio co-manager of the Oakmark fund (ticker: OAKMX). He calls the current market turmoil "uncharted territory."

Among the large U.S. companies that already have suspended their dividends are Marriott International (MAR), Ford Motor (F), Nordstrom (JWN), and Boeing (BA). Marriott and Nordstrom said the suspensions will take effect next quarter.

IHS Markit is forecasting that 230 of the largest 1,800 global companies will suspend their dividends.

Even that gloomy assessment, however, doesn't mean dividends are dead everywhere. "There are plenty of opportunities to find equity income right now," says David Kelly, chief global strategist at JPMorgan Asset Management, though he cautions that it depends on the individual company and sector. "You have to make sure the company in which you are investing is well-capitalized."

Kelly is expecting a spike in unemployment, as major parts of the economy shut down, meaning companies' cash flow is sure to take a hit. He says, however, that it's important to take a long-term view -- difficult though that is amid a "grim short-term outlook."

"There are plenty of sectors that will get through in a tough scenario," Kelly says, pointing to financials and health care as examples.

Nygren also likes financials, with a caveat. He says banks are "high on the list of attractive yields, but if the shutdown goes on long enough, I guess you'd have to add them to the vulnerable list."

Nygren says that two of his holdings "that seem to be less hurt by the shutdown than most" are Texas Instruments (TXN) and CVS Health (CVS). Both stocks recently yielded 3.6%.

One potential silver lining for income investors during the pandemic's gloom is the growing list of companies that are suspending their buybacks while maintaining their dividends, at least for now. Many of the large U.S. banks -- along with companies in other sectors -- have done that.

For instance, energy firm Chevron (CVX) plans to suspend buybacks and slash capital spending by $4 billion, or 20%, as part of an effort to protect its dividend and support its balance sheet. The stock yields 7.2%. Chevron has been paying $1.29 a share per quarter, having declared an 8% boost in late January.

Chip maker Intel (INTC) also said this week that it's suspending buybacks to preserve its payout. The company said in a securities filing that the buyback suspension "will not impact dividend payments to stockholders and [that] the company has the ability to reinstate repurchases as circumstances warrant." The stock yields nearly 2.5%.

Elsewhere, Dick's Sporting Goods (DKS), which yields nearly 6%, said in a filing Wednesday that it's temporarily suspending its stock buybacks and evaluating its dividend. Retailing has been hit hard by the pandemic's fallout, and more dividend suspensions in the sector are likely. One consolation: Dick's said it plans to pay out its quarterly dividend of 31.25 cents a share on its common stock Friday for stockholders of record as of the close of business on March 20.

Whether it will deliver its dividend next quarter, or join many other companies in cutting, is a question that will be answered as the coronavirus toll becomes clearer. b

Write to Lawrence C. Strauss at [e-mail]

To subscribe to Barron's, visit http://www.barrons.com/subscribe

(END) Dow Jones Newswires

March 27, 2020 21:30 ET (01:30 GMT)

[Scotttrader80]

ECC EDF CVX ABBV

[fung_derf]

DLR looks quite solid these days and potentially through our new future. Current dividend yield 3.37%

[fung_derf]

Yeah, puts are definitely in play right now. I'll take another look at IEP tomorrow.

[leftovers]

way to soon to jump back in. I only bought 200 shares of IEP after I read the dividend news. Been following it for several years and been in and out.

I know CARL has a huge short hedge he has been building for a couple of years and it wasn't working so great. Depending on how short he was during the last month I suspect IEP will do well.

I am still scalping away at selling puts and today I was able to buy them back and sell more for next week!

[fung_derf]

Well yes, but I want dividends AND stability as well.
Still seems a tad early to start buying stocks in bulk, but I'm nibbling.

[leftovers]

you asked for a reliable dividend. They just paid 2 dollars and claim they will continue. I picked up shares at 39 now up.

SO and MO are screaming buys CVX claims they will keep the dividend lost of buys but things are now calm yet plenty of time to scale back in!

[fung_derf]

Man, I have never trusted Carl Icahn.

[leftovers]

Icahn Enterprises LP (NASDAQ:IEP) confirms that the board of its general partner intends to maintain the regular quarterly distribution of $2.00 per depositary unit for the foreseeable future.

Depositary unitholders will continue to have the right to make an election each quarter to receive either cash or additional depositary units.

If a unitholder does not make an election, it will automatically be deemed to have elected to receive the distribution in cash.

[fung_derf]

Alright you dividend people out there! What are the especially good bargains right now? Looking for the quality companies now with especially strong dividends. GO!

[leftovers]

Newtek Business (NASDAQ:NEWT) declares $0.58/share quarterly dividend, 26.1% increase from prior dividend of $0.46.

Forward yield 10.69%

Payable Sept. 30; for shareholders of record Sept. 20; ex-div Sept. 19.

[TechWhiz]

Yes, she is a proven winner and has been very good to me over the past few years.

Very consistent trade over the years.

Hoping we get an increase in the Divy over next 6 months.

[leftovers]

ARI I like it 3 year chart looks great with the exception of last Decembers dip. Payout very consistent and holding up well in the last 10 days of turbulence!

[TechWhiz]

No, ARII was American Railcar.

I told you about them back in May 2018 when it was around $38 range and paid a 4.35% Divy. Then a few months later they got bought out to go private for $70. Carl Icahn owed about 70% of ARII at the time so a big pay day for him.

ARI is a good winner so take the time to research and happy trading.

[fung_derf]

Always looking. Did that used to be ARII?
I tend to lean more towards the slow growth, a bit lower dividend stocks with rising earnings, but ARI does look nice and steady and may add a bit.
Thanks.

[TechWhiz]

Hey Fung - how's it going?

Not sure if you are still looking for any new Dividend plays, however, I'll share another of my goodies.

ARI is currently yielding close to 10% and is very safe. Fairly stable price over past few years and after holding same rate since 2015, they might increase the rate this year.

Do a little DD yourself and good luck.

[leftovers]

Icahn Enterprises (NASDAQ:IEP) declares $2.00/share quarterly dividend, in line with previous.

Forward yield 10.33%

Payable Sept. 18; for shareholders of record Aug. 13; ex-div Aug. 12.

[leftovers]

Royal Dutch Shell declares $0.94 dividend Royal Dutch S... (RDS.A)

Royal Dutch Shell (NYSE:RDS.A) declares $0.94/share quarterly dividend, in line with previous.

Forward yield 5.98%

Payable Sept. 23; for shareholders of record Aug. 16; ex-div Aug. 15.

[fung_derf]

Energy stocks seem to make a bit of a run, but I'd want to see NS profitable.

[leftovers]

NuStar (NYSE:NS) declares $0.60/share quarterly dividend, in line with previous.
Forward yield 8.37%
Payable Aug. 13; for shareholders of record Aug. 7; ex-div Aug. 6.

[leftovers]

DALLAS, July 25, 2019 /PRNewswire/ -- Sunoco LP (NYSE: SUN) ("SUN") announced that the Board of Directors of its general partner declared a quarterly distribution for the second quarter of 2019 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis. The distribution will be paid on August 14, 2019 to common unitholders of record on August 6, 2019.

[fung_derf]

Bought PRU on a recommendation. Looks like they increase dividend every year and low P/E.

[leftovers]

DCP Midstream, LP (NYSE: DCP) announced today that the board of directors of its general partner declared a second quarter 2019 common unit distribution of $0.78 per unit, or $3.12 per unit on an annualized basis. This quarterly common unit distribution will be paid August 14, 2019 to common unitholders of record at the close of business on August 2, 2019.

[fung_derf]

Thanks. I'll look further

[leftovers]

Very stable and strong company. RDS.B much better than RDS.A .

RDS.A you pay a foreign ADR depository tax fee but not with RDS.B.


It has some growth potential and is considered one of the strongest oil companies.There loaded with cash and $.94 is absolutely marvelous!

[fung_derf]

Maybe some PEP on a pullback to $125

[fung_derf]

Thanks. Nice dividend, not sure about any growth

[leftovers]

RDS.B.....

[fung_derf]

I need a high quality, solid dividend paying stock to replace the KO I sold today....GO!

[leftovers]

CVS Health (NYSE:CVS) declares $0.50/share quarterly dividend, in line with previous.
Forward yield 3.63%
Payable Aug. 2; for shareholders of record July 25; ex-div July 24.

[leftovers]

ole reliable!

New Residential Investment (NYSE:NRZ) declares $0.50/share quarterly dividend, in line with previous.
Forward yield 12.67%
Payable July 26; for shareholders of record July 1; ex-div June 28.

[fung_derf]

Also started adding more T to my portfolio.

[fung_derf]

SHLX looks interesting here. 7.7% dividend and seems to be finally breaking through resistance.

[leftovers]

ZURICH, May 16, 2019 /PRNewswire/ -- The Board of Directors of Chubb Limited (NYSE: CB) announced today its shareholders have approved all matters submitted to the Chubb Limited 2019 Annual General Meeting, held at the company's offices in Zurich, Switzerland. Shareholders approved a 3% increase in the company's dividend to $3.00 per share annually ($0.75 per share, per quarter) from $2.92 per share ($0.73 per share, per quarter). This marks the twenty-sixth consecutive annual increase in the company's dividend.

[Sone]

Bpl treated me well took 25% and ran for the hills

[leftovers]

I guess so! slow but steady seems to work for me!

[fung_derf]

Should have been in BPL

[leftovers]

Arbor Realty Trust (NYSE:ABR) declares $0.28/share quarterly dividend, 3.7% increase from prior dividend of $0.27.
Forward yield 8.69%
Payable May 31; for shareholders of record May 23; ex-div May 22.

[leftovers]

Covanta (NYSE:CVA) declares $0.25/share quarterly dividend, in line with previous.
Forward yield 5.67%
Payable July 12; for shareholders of record June 28; ex-div June 27.

[leftovers]

Wynn Resorts (NASDAQ:WYNN) declares $1.00/share quarterly dividend, 33.3% increase from prior dividend of $0.75.
Forward yield 2.93%
Payable May 30; for shareholders of record May 22; ex-div May 21.