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nice recovery today...maybe we have a chance to hit $65 by EOY
and some of us much lower than that.
you are correct sir....
Geolocation data from IP2Location (Product: DB6, updated on 2016-12-5)
IP Address Country Region City
213.86.246.13 United Kingdom England Shadwell
ISP Organization Latitude Longitude
Advfn PLC Not Available 51.511348724365 -0.056630000472069
**************
Geolocation data from ipinfo.io (Product: API, real-time)
IP Address Country Region City
213.86.246.13 United Kingdom Not Available Not Available
ISP Organization Latitude Longitude
COLT Technology Services Group Limited ADVFN PLC 51.4964 -0.1224
***************
Geolocation data from EurekAPI (Product: API, real-time)
IP Address Country Region City
213.86.246.13 United Kingdom London, City of London
ISP Organization Latitude Longitude
COLT Technology Services Group Limited COLT UK 51.5142 -0.0931
Not a problem...I agree with you 100% about the over abundance of disinformation posted on this site. It would be WONDERFUL if everyone posted proof to back up their statements, or at least a link that can be followed up on. Outside of that...it's just a persons opinion....and we all have those.
I am well aware of who Bill Ruane was, and his relationship with Buffett. (and the sequoia fund) And per my post, I agreed with you with what the twitter post stated.... it did NOT indicate Buffett was invested in the GSE's.
Not sure what you are referring to about "guessing"...
chill out man...I'm NOT calling you a liar. I'm simply stating facts.
It's quite possible Buffet owns either or both of the GSE's.
Speculation and assumption is not proof of ownership. I would love to see PROOF that he is invested in the GSE's...but unfortunately This (RCG) 13-F does NOT show that. It DOES show that RCG (Sequoia fund) is invested in Buffett's company....as are dozens of others.
And...just because someone on twitter states that RCG is Buffett's "favorite" fund...doesn't make it so.
That isn't true. Ruane, Cunniff & Goldfarb Inc. owned 1,651,820 shares of FNMA verified on 12/5/2016.
Ruane, Cunniff & Goldfarb Inc. have approx $1.9 billion invested in BRK.A and BRK.B via the Sequoia fund...SEQUX
Ruane, Cunniff & Goldfarb Inc. is a privately owned hedge fund sponsor. It primarily provides its services to individuals, including high net worth individuals. The firm manages separate client focused equity portfolios. It also manages mutual funds for its clients. The firm invests in the public equity markets.
Very possible that they handle some investments for buffet, but there is nothing to show that Buffet actually has money in either of the GSE's now.
He did at one time hold close to $4 billion worth in the late 1990's, but sold out in 2000/2001
interesting...I thought we would drop more as well...seems to be coming back nicely. If we don't get back above $60 by thursday morning, I think we see a holiday sell off...then a nice climb after the first of the year. of course a lot will be determined on what the FED does with interest rates...if it's a lower hike, it will tend to be absorbed quickly...we should know wed late or early thursday.
slight pull back this morning...I'm wondering if they will ask for a divvy raise this next year. I don't want to wait another year for good shareholder news. Quite possibly we don't see a lot of news until after the new prez takes office.
Finally broke the $60 pps barrier...lets hope it keeps climbing
I believe the share buyback is quietly pushing this higher. I am hopeful we can hit $60 and above before the EOY.
BV is sitting at $74.51
Price to Book value is sitting around .778
Bill Ackman has made close to $400 million on Fannie and Freddie
Julia La Roche,Yahoo Finance 1 hour 35 minutes ago
https://www.yahoo.com/finance/news/bill-ackman-has-made-close-to-400-million-on-fannie-and-freddie-152842382.html
Hedge fund manager Bill Ackman, the CEO of $12 billion Pershing Square Capital Management, saw his investments in Fannie Mae (FNMA) and Freddie Mac (FMCC) jump by more than $200 million in value this week. And according to our calculations, he’s made close to $400 million (on paper) since initiating the positions back in 2013.
Shares of the mortgage giants have been on an absolute tear since Donald J. Trump won the presidential election. The government-sponsored enterprises (GSEs) are up about 172% since election night on the belief that they will be released from the government’s control.
And perhaps it’s no wonder that Ackman, the largest hedge fund shareholder in the GSEs, said he woke up the morning after the election “extremely bullish” on Trump.
Ackman expects the new administration fix the problems at Fannie Mae and Freddie Mac.
“I think Fannie and Freddie are going to get resolved in the first 12 months of this new administration. And, I’m looking forward to having my second meeting with Donald Trump and negotiating a deal,” Ackman said at the Dealbook Conference on November 10. His first time meeting Trump was 20 years ago.
A spokesperson for Ackman declined to comment for this article.
Fannie Mae and Freddie Mac have been on a tear.
Fannie and Freddie remain one of the legacy issues from the financial crisis. As home prices cratered and mortgage delinquencies and defaults surged, they experienced tremendous losses and needed significant bailouts. They were subsequently taken over by the government.
By 2012, Fannie and Freddie returned to profitability. In August 2012, the Treasury amended the terms of its senior preferred stock agreement, requiring the GSEs to pay dividends equal to 100% of their earnings. This is the so-called “net-worth sweep.”
It’s been eight years and Fannie and Freddie still operate in a state of conservatorship. They make billions in profits all of which goes directly to the Treasury as a way to reduce the deficit. Shareholders, like Ackman, don’t benefit.
Ackman, who’s called this an “illegal act,” has been in the process of suing the government, claiming the net-worth sweep violates the Fifth Amendment by taking private property for public use without just compensation.
Change could be on the horizon though with a new administration.
On Wednesday, Fannie Mae and Freddie Mac’s stock saw a nearly 46% spike after Trump’s pick for Treasury Secretary, Steve Mnuchin, told Fox Business Network’s Maria Bartiromo in an interview that he’d like to see Fannie and Freddie privatized.
“We’ve got to get Fannie and Freddie out of government ownership. It makes no sense that these are owned by the government and have been controlled by the government for as long as they have. In many cases this displaces private lending in the mortgage markets and we need these entities that will be safe; so let me just be clear we’ll make sure that when they’re restructured they’re absolutely safe and they don’t get taken over again but we got to get them out of government control,” Mnuchin said.
Mnuchin, a former partner at Goldman Sachs who ran the bank’s mortgage-backed bond trading desk, said this is a top priority for the Trump administration.
“Well, I think with this [Obama] administration it hasn’t been a priority. If it had been a priority it would have. And in our administration it’s right up there in the list of the top 10 things that we’re going to get done and we’ll get it done reasonably fast.”
It’s certainly much-needed good news for Ackman, whose fund suffered a double-digit loss in 2015 and is in negative territory again this year. An activist investor, Ackman is known for making large, concentrated bets in a handful of companies and pushing for changes. In the last two years, the fund’s returns have largely been dragged down by Canadian pharmaceutical company Valeant’s (VRX) massive decline. Since the election, Pershing Square has pared back some of its losses, most likely benefiting from the surge in the GSEs.
What’s more, Fannie and Freddie appears to be a classic Ackman situation.
He first got involved in Fannie and Freddie in 2013. That November, Pershing Square disclosed that it held 115,569,796 shares of Fannie and 63,505,693 shares of Freddie. Pershing Square began building its positions in October 2013 with an average cost of $2.29 for Fannie Mae and $2.14 for Freddie Mac.
He’s previously given the GSEs a price target ranging from $23 to $47. The stocks were last hovering in the mid-$4 range at new 52-week highs. If things go according to plan, the payout could be tremendous.
In May of 2014, Ackman delivered a 110-slide presentation at the Sohn Conference outlining his big bets on Fannie Mae and Freddie Mac. In that presentation, he recommended reforming, not liquidating the GSEs.
Specifically, Ackman believes they should focus on being pure mortgage guarantors and wind down the risky fixed-income arbitrage (FIA) business. He also believes there should be significant increases to the GSEs’ capital requirements, increased regulatory oversight, and appropriate compensation and governance policies.
For now, he’ll have to wait to see if a deal is reached and how it plays out.
“I couldn’t image a better person to negotiate with than someone who knows something about real estate,” Ackman said of Trump at the Dealbook Conference.
—
Julia La Roche is a finance reporter at Yahoo Finance.
U.S. should cede control of Fannie and Freddie: Mnuchin
https://finance.yahoo.com/news/fannie-freddie-government-ownership-mnuchin-154252213.html
[Reuters]
ReutersNovember 30, 2016
Steven Mnuchin, U.S. President-elect Donald Trump's reported choice for U.S. Treasury Secretary, speaks to members of the news media upon his arrival at Trump Tower in New York
Steven Mnuchin, U.S. President-elect Donald Trump's reported choice for U.S. Treasury Secretary, speaks to members of the news media upon his arrival at Trump Tower in New York, U.S. November 30, 2016. REUTERS/Mike Segar
By Richard Leong and Patrick Rucker
NEW YORK/WASHINGTON (Reuters) - U.S. President-elect Trump's nominee for Treasury Secretary, Steven Mnuchin, on Wednesday waded into the long-running battle over the future control of Fannie Mae and Freddie Mac, the largest players in the U.S. home mortgage market, saying that the lenders should be returned to private control.
Fannie and Freddie stood at the center of the 2008 financial crisis. When the U.S. housing market collapsed beginning in 2006, it crippled their finances and forced a taxpayer-financed rescue totaling $188 billion to help thwart the disintegration of the U.S. financial system.
The Obama administration has argued for the past eight years that Congress should pass legislation to reform the housing-finance system but repeated efforts since the 2008 crisis to reform the two lenders and cut their ties to the federal government have foundered.
On Wednesday, Trump's pick for Treasury secretary said extracting Fannie and Freddie from government control would rank as a "top 10" priority for the next administration.
"We've got to get Fannie and Freddie out of governmentownership," Mnuchin said in comments that sent shares of Fannie (FNMA.PK) and Freddie (FMCC.PK) rocketing to their highest levels since September 2014.
"It makes no sense that these are owned by the governmentand have been controlled by the government for as long as theyhave," Mnuchin said in an interview on Fox Business Network.
Since they were rescued in 2008, both lenders have operated under the "conservatorship" of the U.S. Treasury but both are now profitable again and have returned more than $240 billion to federal government coffers.
The two so-called government-sponsored enterprises, or GSEs, help the U.S. housing finance market by buying the mortgage loans made by banks, freeing up space on lenders' balance sheets to generate more loans.
Fannie and Freddie bundle those loans into marketable debt securities, highly prized by global investors because they enjoy an effective guarantee against default from the U.S. government.
In turn, that keeps American mortgage rates low and allows borrowers to finance homes at fixed rates for as long as 30 years, a unique feature of the U.S. housing market.
Any significant change to that special guarantee relationship could send U.S. home financing costs higher, or even lead to the elimination of some products like the 30-year fixed-rate loan.But the government backing also allows Fannie and Freddie to tap global debt markets at rates far below other private borrowers and are seen as crowding out private lending in the mortgage market while raising the risk to the government of future defaults.
On Tuesday, Mnuchin said he planned to eliminate government control of the companies but offered few details.
While the incoming Trump administration could tinker with Fannie and Freddie policies, reforming the agencies would take an act of Congress.
"We'll make sure that when they're restructured, they'reabsolutely safe and they don't get taken over again," saidMnuchin, a former Goldman Sachs (GS.N) banker.
Fannie shares soared 32 percent on Wednesday to $4.08, whileFreddie rose 31 percent to $3.99.
REFORM FIGHT
Any reform push for Fannie and Freddie will likely pit housing market advocates, who argue the two companies help keep mortgage rates low and encourage U.S. home ownership, against fiscal conservatives in Congress.
Without a secondary market, mortgage interest rates would be unnecessarily higher and unaffordable for many Americans, a spokesman for the National Association of Realtors said on Tuesday.
But Texas Republican Congressman Jeb Hensarling, the chair of the House Financial Services Committee, has argued that Fannie and Freddie should be wound down, while Tennessee Republican Senator Bob Corker also backs the elimination of Fannie and Freddie to reduce the government's risk.
Market participants were skeptical a full separation from the government was in the offing.
"People don't expect the government to just step away from the GSEs," said Larry Milstein, head of government and agency trading at R.W. Pressprich & Co in New York.
The federal government has controlled both Fannie and Freddie since 2008 and the U.S. Treasury has warrants that give it the right to a 79.9 percent ownership stake but has not exercised those warrants.
So both lenders' shares are still publicly traded and backed by some prominent investors who have advocated for their return to private control.
Mutual fund Fidelity, along with Bill Ackman's Pershing Square, and the Fairholme Funds, run by Bruce Berkowitz, are major shareholders.
Both Fairholme and Ackman have lawsuits outstanding over governments control of Fannie and Freddie.
Fannie and Freddie's fate depends on whether Trump goes with John or Jeb
Bethany McLean 56 minutes ago
https://www.yahoo.com/finance/news/fannie-and-freddies-fate-depends-on-whether-trump-goes-with-john-or-jeb-151811290.html
Who will Trump choose: John or Jeb?
No, not for a Cabinet slot, but rather in the matter of Fannie Mae and Freddie Mac, the government-sponsored enterprises (GSEs). It’s one of the more contradictory policy decisions confronting the incoming administration. Trump supporter and hedge fund manager John Paulson would like to see Fannie and Freddie reconstituted. But Jeb Hensarling, the Republican chairman of the House Financial Services Committee, has a plan that would kill them.
To back up a bit, the two companies, which guarantee the interest and principal on roughly two-thirds of American mortgages, have long been the backbone of homeownership. During the 2008 financial crisis, with home prices tumbling, mortgage holders defaulting, and the stock prices of the GSEs tumbling, they were taken over by the government and put into a state called conservatorship, where they have languished for the last eight years.
The Obama administration had zero interest in fixing them. In fact, that administration arguably made things worse in 2012, when the GSEs’ overseers changed the rules of the bailout, which initially just granted the government “senior” preferred stock that paid a nice dividend.
Under the changed terms, every dollar the two companies made would be swept into the Treasury’s general account. The result is that Fannie and Freddie — which have over $5 trillion in liabilities combined and remain two of the world’s largest financial institutions — will have no capital by 2018.
That money, $250 billion and counting, could have been used to recapitalize the housing finance system. Instead, there’s zero accountability for how it’s spent.
As a result of the Obama administration’s decision to change the bailout terms, investors, including hedge funds, in Fannie and Freddie’s common and preferred stock, sued. While those suits are wending their way through the courts, the investors — along with affordable housing advocates — have become vocal supporters for reforming Fannie and Freddie and releasing them from conservatorship, which would of course help the value of their stakes.
John Paulson
John Paulson
Since Election Day, the shares of the GSEs have soared some 100%, in large part because John Paulson, whose Paulson Investment Management is an investor in Freddie Mac, was one of Trump’s top economic advisors. As Rick Newman pointed out in Yahoo Finance, the stock price increase might be because other investors think Paulson will be able to get Trump to go his way.
One problem with this conclusion is that rewarding hedge funds seems, on the surface, to be the opposite of the populism that marked Trump’s campaign.
But that seeming inconsistency pales in comparison to the far bigger issue. Hensarling’s plan — which initially had the not-so-subtle title “GSE Bailout Elimination and Taxpayer Protection Act” but has been renamed the Protecting American Taxpayers and Homeowners, or PATH, Act — would indeed eliminate Fannie and Freddie, along with almost all government support for the housing market. Some limited assistance for the poor would remain. If made into law, it would render the investors’ positions worthless (barring some truly ugly compromise in which the investors got paid regardless of the fate of the GSEs.) It is precisely the opposite of what Paulson wants.
In addition, it’s definitively not what many of Trump’s supporters should want. While no one knows exactly what would happen — after all, we’ve never experienced a modern housing market without government support, since Fannie Mae has been around since the Great Depression — Hensarling’s plan does the opposite of its name. It does not support homeowners. Yes, there is an argument that while yanking government support would crush home prices in the short term, and mortgage rates would rise, eventually, the lack of government support would result in more affordable home prices. Maybe. But Hensarling’s plan for sure would also result in more so-called risk-based pricing, meaning that mortgages would be priced based on income levels and geographic desirability. The rich in the mostly liberal wealthy coastal areas would be fine. The very poor would get assistance. The middle class would get crushed. This is not what Trump campaigned on.
Jeb Hensarling
Jeb Hensarling
What will happen probably boils down to the age-old question of what’s right versus what the political realities are. Whatever the motivations of the hedge funds, they do happen to be right about the structure of the housing market. If we want widespread availability of 30-year fixed-rate mortgages at rates that are comparable across socioeconomic class and geography, we need an implicit or explicit government backstop. Recapitalizing Fannie and Freddie protects that guarantee, and avoids disrupting and potentially destroying a major part of our economic firmament. Moreover, an eventual public offering could be a windfall for taxpayers because Treasury owns warrants to buy 79.9% of the companies’ stock.
If Trump really is a pragmatic deal-maker, this solution offers the proverbial win-win. You might disagree with this point if you think the risk of another taxpayer bailout of the GSEs down the road must be prevented at all costs. I would argue that whatever our housing finance system is, from the big banks to a purely government entity, we’re going to bail it out if it runs into trouble. The best preventative tools are capital, smart regulation (assuming there is such a thing) and a well-structured profit motive that tries to keep mortgage-making sensible.
Trump’s pick for Treasury secretary, Steven Mnuchin, might push him in Paulson’s direction. Mnuchin, who is a former Goldman Sachs banker (and not incidentally mortgage finance expert) and who invested with Paulson on the purchase of IndyMac, the large lender that failed in the financial crisis, told Fox News that Fannie and Freddie needed to get out of government ownership. Brian Brooks, who is now Fannie’s general counsel, was a senior executive at OneWest Bank, which is what IndyMac’s new owners renamed it, and helped negotiate its eventual sale to CIT Group. You can probably presume they all know each other.
But it isn’t completely clear yet which direction Mnuchin leans, or whether Fannie and Freddie haters in Congress, including Hensarling, can ever be convinced to do anything. Unfortunately, twists and turns in both the past and the present of the GSEs have always been dictated by political realities more than thoughtful policy. Right now, the complicated mess of it all means that the next four years will be probably be a continuation of the last eight: Limbo for Fannie and Freddie.
Bethany McLean is a contributing editor at Vanity Fair and bestselling author. Her recent book is “Shaky Ground: The Strange Saga of the U.S. Mortgage Giants,” published by Columbia Global Reports.
and what might that be? all they have ever done in the past is lie to, and scam shareholders.
Citi Boosts Stock Buyback 20% as Corbat Pushes for Higher Returns
https://www.thestreet.com/story/13901039/1/citi-boosts-stock-buyback-20-as-corbat-pushes-for-higher-returns.html?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
Citigroup received approval from the Federal Reserve to boost buybacks through June 30 by $1.75 billion. The bank already planned repurchases of up to $8.6 billion.
Citigroup (C) boosted its stock buybacks 20% on Monday as CEO Michael Corbat works to drive higher returns while reshaping the lender after a financial-crisis bailout.
The New York bank received Federal Reserve approval to boost repurchases through June 30 by $1.75 billion, building on an $8.6 billion plan announced over the summer. Coupled with a move to triple the company's quarterly dividend to 16 cents a share, the increase brings planned capital returns to $12.2 billion.
I'm sure you know by now the SEC rarely goes after penny stocks. They have no money to recover through fines or liquidation, as most of them are scams. The SEC will go after them, but typically only in cases where there is extreme and blatant stupidity/theft by management. Conversion Solutions ( CSHD )is a good example...the CEO got around 23 years and is currently in federal prison in Oklahoma...getting out I think in 2031.
This was one for the records as this guy was over the top in his claims as what the company was doing/ going to do.
https://archives.fbi.gov/archives/atlanta/press-releases/2012/former-corporate-officers-sentenced-to-lengthy-imprisonment-for-stock-fraud-scam
lookin good today...a nice quarterly profit and nice move up in pps
you have to wonder...is he mentally challenged....or...is this guy just a common stupid criminal that got too full of himself....I tend to believe one feeds the other.
I've seen the FB page....has nowhere near as much "roofie info" as the link I posted. that link is a forun he created to spout his crap...much like the old forum that used to be...where you had to register and pledge your undying love and blind following for all things roofie. this one appears to have only one member.
here is a cut and paste of a little of his crap on it....I believe this is the most recent posting.
******************************
Offline Rufus Paul Harris
Administrator
Newbie
*****
Posts: 34
Re: The Rufus Paul Harris Story
« Reply #31 on: Today at 11:36:12 AM »
10.22.2016, Saturday
“BBAN”
Before and during the BBAN Las Vegas trial, I would contact the SEC several times to expose the stock activity of the Williams group. The Dallas SEC enforcement office would refer me to the LA, California office. When the LA office did nothing and would not respond back. I would contact the SEC headquarters in Washington, D.C. Again, nothing would happen.
By now, I was receiving death threats daily. So, I would call the FBI and yet again, no one would respond back to my messages. I would then send an email to an FBI hot line informing them of who to contact to get the evidence and the supporting documents of the BBAN fraud in case I was murdered. This would get their attention but laughingly so.
An agent would show-up and say that he was out of the Rome, Georgia satellite office. The majority of my death threats were from an Italian group out of New Jersey. The agent would have a BOLD Italian name on his card. I would first address the similarity between his Italian name and the Wall Street gangsters. He would find it funny and simply move to tell me that the FBI, since 911, was overwhelmed with investigating terrorism and had no one to spare for white collar crimes. That would be the end of that and we now understood that we were on our own. Marine Lt. Colonel Garvin was present for the meeting.
The Las Vegas trial would cost Stanley and me most of our cash reserves because of attorney fees. Waatle Holdings would become the restart for our business model and an avenue to help the shareholders.
Rufus Harris
if you are referring to shares owned BEFORE the bankruptcy...most likely NEVER.
I couldn't stomach reading the entire thing either...from what I did read, he of course still claims he is 100% innocent...a massive political coverup in which he was sacrificed so the others could reap their billions upon billions of blood dollars.
He claims he will post "ALL" the proof needed to show that he is innocent, and information proving who is guilty.
gonna have to get me some hip waders for this one...lol
For a great laugh...
http://iharris.us/smf/index.php?topic=5.0
obviously someone else is actually writing this as roofy doesn't have the vocabulary nor the grammar skills to write this stuff.
yes it is...would love to see it move back up to where it was 5 years ago.
looks like dumpage started around 10am this morning with now over 90 mil traded. I wonder who is "buying" and "selling" these.
I would think that if pinhead is trying to raise this turd for another round of "scam the investor"...then he is most likely trying to accumulate all the "management" shares that may be hanging around out there. gather up all the old shares owned by past company execs...then he is back in as the resident dictator, ready to launch his next scam.
thank you sir...hopefully they will toss us at least a piece of a bone..but I must agree...I doubt we get enough to hit the dollar menu at mickey D's
I'm curious..if you DON'T join a lawsuit...and they win...are you still entitled to anything? Not sure if these suits are only including the common shareholders that join them...or if someone wins...are ALL shareholders going to benefit?
I'm not much for the legal process because it doesn't make a lot of sense most of the time...lol
Has anyone contacted any of the law firms about joining the class action against WRES. Curious as I plan to do so. I was wondering what anyone else thought...planned...had a preference of firms.
Agreed. Though with Citi having such a high OS count, I think a higher div would spur more of an increase in SP over a buyback. Both would no doubt be nice. A share buyback would show much better in the earnings report, which would garner some good attention as well. I'm just glad its moving up...been waiting for a very long time as I wasn't paying much attention and got caught in the R/S years back.
I wonder whats up with Citi this week...big jump in pps. I see news of a possible higher div and more share buyback. Wondering if this is enough to push up over $50 pps.
CXW pays a quarterly div...right now it equates to a 13.7% yield...quite a nice find there. I will add it to my watch list and do some DD on it. another thing to check...is where the current SP is in the last year...the summary page shows you the 52 week high/low for any given stock...and you can match that to the graph for the appropriate time frame by selecting a week...month...year...which ever you want to see.
gives you a bit more info to DD...is the stock at the bottom...why...is it at the top...maybe it's not a good time to buy...maybe you find some info that helps you understand why its low or high...merger...buyout...expansion...signed a big contract...maybe they are going bust...all things to research.
thats why you check the div payout for a few years back....to see the div trend...do they pay monthly...quarterly....is it a one time div....there are some stocks that pay a div yearly or at 6 months.
Take a look at CIM (chimera investment corp )
I have owned this stock for quite a few years. they have paid a special dividend ( couple of times) not too long ago...check the last 3 years of divs....you will see the trend of how much they pay, and WHEN they pay. you should easily be able to see which was the "special" div they paid out, and that they pay a quarterly div.
go to this link
https://screener.finance.yahoo.com/stocks.html
leave everything as "any"...the only thing you want to change is the "Share Data" for "Dividend yield".....change it to 10%. Scroll to the bottom and click "Find Stocks". Then when the new page opens...click the Div/Yld tab in the middle...it will sort by high to low...or low to high for the div %.
then on the right side, you can go look at that particular stock....or just use two browsers and load the ticker in the second browser for whatever finacial website you use. I use yahoo because I know it so well for searching the relevant info I want.
if you click the "quote" link to the right...it takes you to yahoo finance and displays the data. It will give you the basic info and also shows the Div/yield and the amount of the div based on one year.
click on the "historical data" tab and set a date range for at least a couple years...then under "historical prices" select divs only...it will show you the payouts over whatever timeframe you set. I use this to quantify the actual div vs what the main quote page shows....typically it is quite different.
a lot of times you will see a stock saying it pays say 3 bucks at a yield of 25%...but when you go look at the historical div payout, you will find it paid a onetime special div...( which might be once every 5 years...or less often)...and then the "normal" div payout either monthly or quarterly is 30 cents and at 2.5%. I ALWAYS check the div payout over the past 3 years or longer to see how consistent they are....checking the trend of the div is quite important.
some stocks pay monthly...most pay quarterly...so I always manually add up the last few years of actual "normal" divs to verify the div/yield value.
take the last 12 months of divs...add them up...divide by the current SP...that gives you the yield %.
example
div is .15 cents paid monthly...SP is $20.00.
.15 x 12 = 1.8...thats $1.80 per year in divs.
$1.80 divided by SP of $20.00 = .09....that equates to 9% annual yield for that one year.
I do a lot of paper trading...I find a stock I'm interested in...graph it in excel...and do some research....a lot of times I choose not to invest...some I do. Research is FREE...ya just have to dig for stuff...and as you learn...you find places to go for info...the message boards will give you a lot of good insight on stocks to check. never invest based on what someone says on a message board...rather use that info to run some DD and make that decision for yourself...if your comfortable...go for it.
this stuff above just scratches the surface...as I said earlier...been doing this over 40 years, and still have a lot to learn.
yup...I use it on occasion as well...has some good tools to use.
yup...I will give you a link and some info on how I search...and some of the things to watch out for. I will post it later today...so you can check things out.
something to think about...I don't personally do this, but I know people that do.
as you said...buy/sell right around the ex-div date. a lot of stocks will surge at that time...and a lot will also drop more than the div right after...so SOME people work the numbers to see what the highest % of profit would be by buying/selling with or without the div in their pocket. I don't have the patience to work that stuff out....I'm lazy for the most part and just want to pocket a nice div for retirement.
Not a problem...everyone has to start at the beginning to learn.
T+3
Informal for a settlement date that occurs three trading days after the trade date. Different types of transactions settle on different days, but stock trades usually settle on T+3.
The ex-dividend date, also known as the reinvestment date, is an investment term involving the timing of payment of dividends on stocks of corporations, income trusts, and other financial holdings, both publicly and privately held. If a sale is before this date, the dividend belongs to the new owner; if on or after the date, the seller is entitled to the dividend.
If you purchase a stock on its ex-dividend date or after, you will not receive the next dividend payment. Instead, the seller gets the dividend. If you purchase before the ex-dividend date, you get the dividend.
In the United States, the Securities and Exchange Commission stipulates that there are three days of settlement for stock trades.[3] The ex-dividend date is normally two business days (3 minus 1) before the record date. For the purpose of calculating an ex-dividend date, business days are days on which both the major stock exchanges and the banks in New York State are open.[4] Thus Columbus Day and Veterans Day are trading days, but not business days for calculating an ex-dividend date, since they are legal holidays and banks are not open.
If the record date is not a business day, then counting begins from the most recent business day instead of the actual record date.[5] For instance, if the record date is Sunday, then the ex-dividend date is the preceding Wednesday, not Thursday — assuming no intervening holidays.
The ex-dividend date is two business days prior to the record date. To be a stockholder on the record date an investor must purchase the stock before the ex-dividend date. The latest date he can buy the stock to be a stockholder on record and be entitled to the dividend would be one day prior to the ex-dividend date (this includes extended hours (pre-market and after-hours) of that day) to allow for the three stock trading day settlement of the stock purchase. If the investor purchases the stock the day before the ex-dividend date the investor would be a stockholder on the record date and would be entitled to receive the dividend payment.[6]
An investor who wishes to be entitled to the dividend does not have to wait until after the record date to sell the stock; however, the investor must hold the stock until the ex-dividend date. If the investor were to sell the stock on the ex-dividend date or afterwards, the investor would still be entitled to the dividend payment. In this example, assuming that the investor purchased the stock one day before the ex-dividend date, the investor would be a stockholder on the record date. If the investor sells the stock on the ex-dividend date, the buyer of the stock would be a stockholder one day after the record date given the three stock business trading day settlement. The person that bought the stock would not be entitled to receive the dividend.
An investor only needs to own the stock for one day (the record date) to be entitled to receive the dividend payment. If the investor buys before the ex-dividend date, and sells on the ex-dividend date or after, the investor will receive the dividend payment.
Sept.13 is the ex-div date. go to yahoo finance...look up ARR...then click the statistics tab...down on the lower center column... it will tell you all the info about the div.
keep in mind T+3...and the EX-div date is NOT the same as the pay date.
I've been investing for a little over 40 years now...but there is always more to learn...lol
I do the exact same thing with stocks...I never jump in 100%...always dollar cost average...gives you time to DD and learn more...and possibly find a few other stocks to watch as well.