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Barrons: "Fed driving income investors to become reckless"
http://blogs.barrons.com/focusonfunds/2012/10/17/these-rich-yielding-closed-end-funds-trade-at-a-discount/?mod=BOL_qtoverview_barlatest
First off, why do you respond to her when I asked the question?
I owned 550 of the B shares of Berkshire at one time. I had someone try to talk me into buying a couple A shares back when it was around $17k, but passed because I was concerned about Buffet's health. Obviously a poor decision.
3M has done little over the last few years.
BTW, in my profile I have my larger positions....if you're interested.
Oh, and the CMKX board has become an off topic board these days. So it's a place to gather.
Waddell & Reed joins list of special dividend payers ahead of tax law change
Waddell & Reed Financial Inc. on Thursday declared a special dividend of $1 a share to be paid ahead of the scheduled Jan. 1 expiration of the 15 percent tax rate on dividend income.
The Overland Park-based mutual fund company is at least the fourth public company in the area to declare a special payout of cash to its shareholders ahead of possible tax law changes. Barring a resolution of the “fiscal cliff” standoff in Washington, dividend income will be taxed at the recipient’s individual income tax rate rather than the special rate that is part of the Bush tax cuts.
Waddell’s special dividend will be paid Dec. 6 to its owners of record as of Nov. 26. The company also raised its regular quarterly dividend to 28 cents, payable Feb. 1 to owners as of Jan. 11.
Read more here: http://www.kansascity.com/2012/11/15/3918474/waddell-reed-joins-list-of-special.html#storylink=cpy
Nov. 15, 2012 (GLOBE NEWSWIRE) -- Omega Flex, Inc. (the "Company") (Nasdaq:OFLX) today announced that on November 14, 2012, the Board of Directors declared a special dividend of $1.00 per share payable on December 14, 2012 to shareholders of record on November 30, 2012. In declaring this special dividend, the Board has restated its dividend policy of reviewing the cash needs of the Company from time to time, and based on results of operations, financial condition and capital expenditure plans, as well as such other factors as the Board of Directors may consider relevant, determine on a quarterly basis whether to declare a dividend.
Berkshire A has 14 followers; BRK.B has 32. Like I said, IHUB has nothing to do with successful investing.
I've owned 3M Corp for years, a great blue chip. It has NINE followers on IHUB. Probably half the institutional investors own or have recently owned 3M. On IHUB no one owns it!
CMKX, which doesn't trade anymore, has 944 followers. Silly isn't it.
I'm just mad at myself for not finding that one first. For some reason I know I've looked at Hamilton Beach before. I wonder if someone else owned them in the past?
I have set a special dividend alert from google so when I check email I post any alert that pays in dollars,many are in foreign currency.
I am making metal art gifts at home now so I only check alerts 3 or 4 times a day.
Everyone must DD companys in my posts,some suck,the ones that take loans out to pay dividends but some a good companys (IMO)
You want me to make stock calls? I've done that on all the boards I moderate. I moderate stocks I don't like. One has dropped 99% in a few months.
No savvy investor would buy AOD. Have you seen what's its doing? That stock has one target buyer: Senile geezers desperate for dividends. Look under the hood, past the superficial high payout, and it's all gimmicks. At least AOD trades at a nice discount. Even harder to explain the PREMIUM that sister fund AGD and the like go for. A 25% discount might be a fair value for most such funds.
The entire ultra high yield sector is in collapse.
Didn't make the first post here "for" anybody. I found the board by accident and liked it, until that one guy started "debating" himself. Sounded stupid enough to be a good endorsement for the ignore feature. Simple as that!
LOL! You made your first post on this board for me. I'm touched.
Did you follow me here?
I'd rather play a game of truth or dare. I'll go first, I dare you to tell me a stock you actually like, have bought, and price you bought it at.
I don't have any problem with you berating penny stock buyers. However, don't be a hypocrite. Have a recommendation of something you'd buy and why. In other words, be a part of the solution, not just the problem. Make your Ihub a better place to live.
WOW! What a company! Sure wish you had mentioned it two months ago!
NACCO's Board of Directors also approved an extension of the Company's current stock repurchase program through December 31, 2013. The current program would have expired on December 31, 2012. The stock repurchase program permits the repurchase of up to $50 million of the Company's outstanding Class A common stock. The Company previously purchased 30,851 shares for $2.7 million, leaving $47.3 million available for repurchase.
Interesting stock. I need to look further into it.
That was an excellent demonstration of value regarding the Ignore Feature.
I've never used ignore, ever.
BTW, Most IHUBbers have a lot of trouble with this simple question, that I just asked him:
"Say, what do you do for a living?"
As for you dianne, the sooner you leave pennyland the better. No one makes money in pennies. Have you ever read a story about one of Americas richest people who started on the road to wealth by buying hot OTC/Pink penny stocks? Neither have I and I've been reading Forbes, Barrons and the WSJ since I was teen.
Might I suggest that you put that self important, self proclaimed, 'expert';
who feels the need to tell everyone how great he is,
and how HE has a "seven figure portfolio", on ignore?
It's really a wonderful feature...
Why don't we play that old kids game: "My investments can beat up your investments." I had a fraternity brother who did that many years ago. A real macho thing with him. I think he's broke now...seriously.
Yes, Buffett's done better than I have since 2000. Are you saying you've owned BRK since January 2000? I don't see where you've ever posted on the two rarely used IHUB Berkshire boards.
Say, what do you do for a living?
Nov. 14, 2012 -- /PRNewswire/ -- NACCO Industries, Inc. (NYSE: NC) today announced that at its first regular board meeting following the spin-off of Hyster-Yale Materials Handling, Inc. ("Hyster-Yale") on September 28, 2012, the Board of Directors declared a regular quarterly cash dividend of 25 cents per share and a one-time special cash dividend of $3.50 per share, and announced an extension of the Company's current stock repurchase program.
NACCO and its predecessor public company, The North American Coal Corporation, have consistently paid dividends to public shareholders since 1956. The announcement of the regular 25 cents per share cash dividend payout for the fourth quarter establishes a new dividend level following the spin-off of Hyster-Yale. The special dividend reflects the Board's confidence in the financial strength and business prospects of The North American Coal Corporation, Hamilton Beach Brands, Inc. and Kitchen Collection LLC subsidiaries, the cash available on the Company's balance sheet, and takes advantage of the current federal tax rate on dividends. The dividends are payable on both the Class A and Class B Common Stock, and will be paid December 14, 2012 to stockholders of record at the close of business on November 30, 2012.
Read more here: http://www.sacbee.com/2012/11/14/4985003/nacco-industries-declares-quarterly.html#storylink=cpy
(NYSE:RLI) – RLI Corp. announced today its board of directors has declared an extraordinary cash dividend of $5.00 per share of common stock, which is expected to total approximately $105 million, and a regular quarterly cash dividend of $0.32 per share. Both dividends are payable on December 20, 2012, to shareholders of record as of November 30, 2012.
“The RLI Board of Directors has decided to return approximately $105 million to our shareholders through a special dividend,” said RLI Corp. Chairman & CEO Jonathan E. Michael. “This is consistent with our policy of returning excess capital to our shareholders after making necessary strategic investments in our business, such as our recent acquisition of Rockbridge Underwriting. Our strong balance sheet, solid cash position and confidence in the business allow us to pay a special dividend at this time.”
I may not be able to get you to admit to anything.
The numbers I used took into consideration the reinvested dividends of the S&P. You can always do your own research if you don't trust me.
Yes, many tech funds didn't work, although I made an absolute killing in the, geez, I think it was a Munder Internet fund (MNNAX). Went up from around $15 to $100 in a little over a year, then I moved the money to a utility fund.
Anyway, you keep mentioning those people who overlook stuff, while you are constantly doing the same. THE FACTS...
The four investments I mentioned FAR OUTPACED your S&P fund or index or ETF.
Again, using nothing more than a size of a company as a measuring tool is no way to invest your money. Do you pick the biggest car, just because it's big? I would much rather have an actual person help me make my decisions.
You seem penny wise and pound foolish. JMO, of course.
Understand that S&500 performance is USUALLY depicted without dividends which, when compounded over 12 years, boosts performance enormously. Few people realize that until the mid-1950s most of the return from stocks came from dividends, not share appreciation. You can't overlook dividends (although almost everyone did in 2000)
I'm guessing you are looking at total return, divs included, for your funds. Right? Now check out tech-oriented funds from January 1, 2000, right before the bubble burst, and see how THOSE did.
You may have trouble finding some of those 1990s tech funds (like those from once-red-hot Janus). Many went out of business around 2002 or used that venerable trick of merging into successful funds.
Mutual fund companies bury their worst mistakes.
BTW, just for grins I wanted to see how Berkshire Hathaway had done compared to the S&P 500 since 1/2000.
Berkshire was at $56,100 so I used that number from back in 2000. Thru 9/30/12, Berkshire was worth $132,700. The S&P $69,747. 52% of the value!!!So, I started wondering about some of my mutual funds so I put those into the computer using the same starting amount and date.
Investment Co. of America was worth around $88k
Washington Mutual around $99k
Capital World Growth and Income. $128k
I believe we can now safely conclude that owning the S&P over this century was a fairly poor investment.
Nov. 14, 2012 (GLOBE NEWSWIRE) -- FutureFuel Corp. (NYSE:FF), a manufacturer of custom and performance chemicals and biofuels, today announced that it had declared a special cash dividend of U.S. $1.20 per share on its common stock, with a record date of December 3, 2012 and a payment date of December 17, 2012 to be made concurrently with its previously announced regular quarterly dividend of $0.10 per share for a total cash dividend of $1.30 on the December 3, 2012 record date and December 17, 2012 payment date.
As I type this, and ya' gotta be quick, the DOW is at 12,680.73 the DIA is at 126.85. If it were totally on par it would be at 126.80. So, for starters, you're paying a bit of commission before you pay your commission to buy it. Why is there an additional fee? There is no management in buying the DJII. I could compare them all, but you get the point.
Anyway, owning those standards aren't what I was referring to. I'm talking about stuff like $DBC and $SDS that do nothing more than cause unnatural swings in the market.
In your opinion, what do you think killed FNM and SLM?
P.S. I am glad to see a SPY, DIA, and QQQ. At least it eliminated some of the nonsense you had to go through to buy index options.
P.S.S. again, still no stock recommendations?
Should quickly add that I had no idea you had owned AOD. Clearly it's a better investment than 98% of the crap pennies peddled on IHUB. But I hate it because it's a sucker deal for its core intended market... retirees. The high initial payout disguises risks down the road... when current 65 year olds will be 70 or 75 year olds. Hard to find a job then LOL!
I can post on and on about that, but don't have time now.
"I believe ETFs are a far greater scam than some of the stocks you complain about."
I own SPY, DIA and QQQ (yes, my token NASDAQ tech investment). How are those ETF scams?
No, I don't own garbage like the Paraguayan UltaShort ETF. LOL
(excuse me for this skimpy post but I've got to get off to work soon) More later...
I absolutely ABHOR LPHI! What a terrible concept to consider. A company that preys on the soon to be dead. Viaticals are amongst the most vulgar ideas ever created.
There is a good way and a bad way to make money. I lie on the side of good karma.
OK, let me try to answer, you have a question 1, but nothing else numbered, so I'm going to have to make some assumptions.
I like you!
Although I'm guessing you wouldn't approve of most of my "investing" choices as seen here (on iHub) :)
Things are not always what they seem.
As a retired postal worker bee
(I guess that makes me one of the "elderly" you referred to)
the vast majority of my retirement funds
are tucked away in my TSP account.
The options we have are index funds,
and more recently, targeted funds.
My brokerage accounts ARE basically "gambling".
I look on trading as being much like poker...
skill certainly plays a part
(and I believe my skill level is increasing, it's been a learning experience!)
but there is a luck factor.
Bottom line for me is, even if I lost every ¢ in my brokerage accounts
I'd be just fine...
but I DON'T LIKE LOSING :)
AND if I make $, I can do things I might not be able to otherwise.
This boards main thrust seems to be one time divys
that are being paid out now
before a [assumed] capitol gains rate change.
I'm not so much interested in jumping in and out for "dividend capture".
I am more interested in finding stocks that are growth stories + a dividend,
or undervalued + a dividend.
The stock that I mentioned here was LPHI...
I find it interesting because due to their problems with Texas and the SEC
the pps has taken a beating.
They recently prevailed (at least for the moment) against Texas
and the news was followed with a more than 100% increase in pps
(this was sold off in the days following, but is still up significantly).
I think they are also notable in that the CEO (Pardo) holds just over 50% of the stock.
http://www.sec.gov/Archives/edgar/data/49534/000114420412036933/v317167_def14a.htm
page 13
In that filing you will see that Tad Ballantyne held zero shares.
However, from Oct 25 - Nov 7 he has been BUYING.
He has bought 126,300 shares from $2.30 to $2.66...
http://www.sec.gov/cgi-bin/browse-edgar?action=getcompany&CIK=0000049534&type=&dateb=&owner=include&count=40
I'm sure you are familiar with the Peter Lynch line
"insiders might sell their shares for any number of reasons, but they buy them for only one: they think the price will rise."
Now the SEC issue is a big one...
and if you read through the complaint
http://www.sec.gov/litigation/complaints/2012/comp-pr2012-2.pdf
YIKES!
BUT...what IF?
What if they manage to put the SEC issues to rest?
This was an interesting story
http://finance.yahoo.com/news/life-partners-holdings-announces-securities-190900475.html
"Life Partners Holdings, Inc. (Nasdaq GS: LPHI), announced today that United States District Court for the Western District of Texas on Friday issued an order sanctioning the Securities and Exchange Commission for violating the Federal Rules of Civil Procedure and ordering that federal agency pay Life Partners Holdings $5,000 in attorney’s fees."
How often does THAT happen? LOL!
and WHY is Ballantyne BUYING??
I'd be interested in hearing your thoughts,
as you seem to be both knowledgeable, and rational,
Oh and...sane...
I'd also be interested in hearing about these
Question #1: Of what use is your info about special dividends?
You've said, probably accurately:
"Some made a momentary spike then tanked. Some surprisingly just fell off the table after the cash was paid out (for a reason I can't quite grasp)."
Can one buy these stocks on the announcement and make money with the div? My gut is to say no. I moderate a board on a fund that tries to do that, Alpine Total Dynamic Div CEF (AOD) which uses the fancy term "dividend capture" for that process.
AOD's a dog in my opinion but it's the type of window-dressing garbage older penny players like... to the extent they have any retirement money. AOD is all about investment "engineering," employing arcane gimmicks to boost yield. Or the APPEARANCE of yield!
It pays a double digit distribution (monthly to appeal to old geezers with little income), but it has fallen from $20 at its IPO in 2007 to $4.13 now.
Remarkably it has some fans!
November 13, 2012 - At the meeting of the board of directors of HAVERTY FURNITURE COMPANIES, INC., (NYSE: HVT and HVT.A) held on November 13, 2012, the directors declared a quarterly cash dividend to be paid on the two classes of $1 par value common stock of the company at a rate of $0.04 per share on the outstanding shares of Common Stock and $0.0375 per share on the outstanding shares of Class A Common Stock. The board also authorized a special cash dividend of $1.00 per share on the Common Stock and $0.95 per share on the Class A Common Stock. Both the regular quarterly dividend and the special cash dividend are payable Wednesday, December 12, 2012 to stockholders of record at the close of business on Monday, November 26, 2012, and will be paid together.
Werner Enterprises, Inc. (NASDAQ: WERN), one of the nation's largest transportation and logistics companies, announced today that its Board of Directors declared a regular quarterly cash dividend of $.050 (5.0 cents) per common share payable to stockholders of record at the close of business on January 7, 2013. This dividend will be paid on January 22, 2013.
Werner Enterprises is currently in its twenty-sixth year of paying quarterly cash dividends on its common stock to its stockholders. The first quarterly cash dividend was paid by Werner Enterprises in July 1987.
Werner also announced that its Board of Directors declared a special cash dividend of $1.50 per common share payable to stockholders of record at the close of business on November 29, 2012. This dividend will be paid on December 13, 2012. The special dividend amounts to a total of approximately $109 million to be paid on Werner's 72.9 million common shares outstanding. No portion of the $1.50 special dividend is considered to be a return of capital. Including the special dividend announced today
(AP) — Allegiant Travel Co., the parent of Allegiant Air, said Tuesday that it will pay a special dividend of $2 per share next month.
The company cited its recent performance and cash balance but stopped short of committing to a regular dividend payment.
The dividend will be payable Dec. 14, to shareholders as of Nov.30.
I'm guessing you should save that post for the day you find out that hedge funds and ETFs' are the downfall of Wall St. New rules put in place allow both to naked short stocks just like a brokerage house, but without the responsibility.
Go look at a bearish ETF and see if it actually tracks what it's supposed to. You may be surprised.
I'm extreme in that I generally only invest in NYSE stocks and those audited by Big Four CPA firms.
Enron and Arthur Andersen aside, investors would have saved themselves a lot of money if they had given wide berth to NASDAQ stuff especially during the late 90s. Even today I see utter garbage listed on the NASDAQ. Heck, most investors have forgot that the NASDAQ average is still well below its March 2000 peak. And huge numbers of the worst stocks were delisted in the 1999-2002 period. Small cap averages don't reveal the worst of the tech crash. And the Dow and S&P that most see, don't include dividends. Blue chips do better than most new investors realize.
Don't mean to criticize this group. The goal is laudable. I've spent a good part of the past several months seeking higher yielding stocks. But with few exceptions, my basic SPY ETFs and such are far outperforming ultra-high yield stocks overall.
Well, admin HAS allowed this place to turn into the place to go to when looking for a scam penny stock, I would most certainly agree. However, on the other hand, I have found some very nice stock ideas here on occasion (and passed out quite a few myself).
The key is in being able to tell the scammers from the useful posters.
I also enjoy exposing scam stocks and have a perfect record so far in unearthing penny stock scams, not that it's all that tough considering they all are.
We definitely need not debate most of the posters on Ihub, however, I would be more than willing to debate your investment style vs. mine. To pick stocks merely because they are large is no way to invest.
IHUB isn't about successful investing. Vanguard is.
Early on Bogle marketed his index funds only to professional investors with cash to park briefly. Index funds were an extreme niche product when I bought my first shares 20+ years ago.
The Masses wanted no part of "mediocre investing." They were too busy loading up on tech garbage and bragging how they wanted to retire at 40 (now that age is 90 LOL). They didn't want dividends. They lied about success to each other; they lied to themselves. Their worst day was when the wife opened the brokerage statement and learned the truth.
A huge portion of those here are "trailer park" folk with gambling addictions. They love country music, Las Vegas, motorcycles and bass fishing (look in the IHUB picture section). They rarely talk about work. Many don't work. IHUB has about the same demographic as a horse track... which IHUB knows is a big problem down the road. Unemployed elderly are no one's preferred advertising demographic.
What you don't see here are doctors, engineers, professors etc. You certainly don't see owners of large businesses here with real wealth.
I'm here mostly because I enjoy following stock scams. Over the years I've come to realize that IHUB is a wonderfully useful source of contrarian ideas.... such as the current bubble in chasing dividends. (notice my AOD board).
Find out what IHUBers are doing... and do the opposite. You've got to admit that's worked since the late 90s.
Gotta run.
Yes, I'm familiar with the Beardstown Ladies Club. It was a lovely story, until it wasn't.
You didn't have to tell me you were a Vanguard guy, I could tell it in your posts. I'd half bet you are almost a follower of Scott Burns (and I don't even know where you're from), or maybe Susie Orman or Jane Quinn Bryant. However, just as the Beardstown Ladies proved to be just a lovely story, so are the ones by people who claim indices will far outperform. They use a measuring stick that picks just enough time to make them accurate.
Yes, Vanguard is cheap, but you get what you pay for. Walmart is cheap, but I wouldn't buy my suits there. If you want to save even more money, start changing your own oil in your car.
How silly that the one thing that matters most to you, you're willing to cut corners and manage part time.
Let me ask you this, would you suggest someone handle their own legal issues? Just stay at a Holiday Inn Express then head to court!
BTW, I also studied law as did the spousal_unit.
Very, very few investors know how they've done compared to indexes. Notable are how-to books on investing. When checked out, many of the authors can't prove their claimed investing success.
Most famous is the case of the Beardstown Ladies Investing Club. Supposedly those little old ladies from Beardstown Illinois were beating the indexes... and beating Harvard & MIT MBAs with their homespun approach to picking stock. Their books were best-sellers that played a huge role in boosting stock clubs years ago.
Their 90s publishing empire fell apart when outside auditor Price Waterhouse found the club had actually done rather poorly. PW blamed the error on the difficulty of measuring portfolio return. Fraud wasn't blamed although some lawsuits were filed.
http://en.wikipedia.org/wiki/Beardstown_Ladies
Many newsletters too have been asked to substantiate claims of extraordinary success. Most decline. BTW, my Vanguard index funds and ETFs like SPY have expenses in the range of 0.15% or less. I don't think that Buffett can invest cheaper than that. You'll note that I'm a free member of IHUB.
By the way, I'm a lawyer and I bought my first stock at age 19... long ago. Stockwise, I didn't fall off the dot-com bubble turnip truck like most here.
LOL! Where is your shrine I can bow down to?
So, you've been around about as long as I have. Have we crossed paths, perhaps under a different name? On RB?
I'm going to totally disagree with you about index funds. Anyone who says they outperform have only looked at the last 15 years or so.
In fact, an index fund is the only fund existing in the free world that is GUARANTEED to underperform its own index.
With that said, I would have to say, with my mixed portfolio of zero coupon muni bonds, mutual funds and individual stocks I trade, I would say, in some years I have underperformed, but in others, I have so greatly overperformed the averages that it would make your entire argument moot. (Do I need to bold that to make it more official?)
I have not gone back and read your posts since '97 and probably won't, so your claim as totally consistent will go unchallenged, however, from what I've seen, you've not only bashed penny stocks (I'm all for this), but also dividend stocks, and now brokers as well. You've done all this without still answering my simple question of what it is you like. I guess if you never go on a limb, it can't break on you.
The only thing I've seen you like on Ihub is yourself.
You are free to correct me where I am wrong.
I've been on stock boards since Yahoo in '97 and then RB always... ALWAYS... bashing pennies and bad accounting, especially the Chinese flavor. At times I've provided information to the SEC.
I'm pretty unique in that I ONLY bash stocks!
I follow a few simple rules that have worked Buffett-like for years: Most of my stock money is in Index Funds, I own some individual blue chips for tax reasons (I can control when to take the very rare losses). Much of my money has been in bonds which have performed better than stocks since 2000. I sell stocks only for tax reasons. I live well; my broker doesn't!
Above all I'm smart and experienced enough to know that I can't beat the S&P, and that most who say they can, are liars or they simply don't know how they've done!
Can you imagine how popular I was as the tech bubble roared in '99 spouting such? I even suggested looking at U.S. EE Savings Bonds when they paid 6% (7.5% before that) in the mid-90s. I still have some from that time.
Read my old posts, you'll find utter consistency.
This IS a special year, it's called, "Get it the heck out of here before Obama sucks it all up from us" year.
Many companies that "were" cash rich are paying out large cash dividends before the laws change and it's not in their best interests to do so.
With that said, some of these recommended stocks are recovering nicely. Some made a momentary spike then tanked. Some surprisingly just fell off the table after the cash was paid out (for a reason I can't quite grasp).
Anyway, I've been reading many of your posts this morning and checking out the boards you moderate. I like you! You make me look like Father Christmas. You make Murphy look like an optimist. You go around to many different boards spreading your bah humbugs. There just isn't enough of that on Ihub!
So, with that said, I've been trying to find any stocks you like, and am having a heck of a time. Are there any?
No and I probably should. I realized when I made that post that one thrust of this board is special dividends.
What percentage of stocks pay special cash divs in a given year? I've been investing for decades and can't recall ever getting one. I know that this year may be somewhat special. Still, I own a lot of cash-rich blue chips and and while I've gotten some div increases, I'm not getting one-shot payouts.
In the defense of this board, are you factoring in that many of the stocks here have paid huge cash dividends?
Notice that IHUBers are a reliable contrarian signal when it comes to high payout stocks such as those in your IBOX. I follow (but don't own) a lot of high yield stocks. Most have done poorly in recent years... lagging the S&P by a mile even when payouts are considered. The last few weeks have been especially brutal.
But those high distribution stocks seem to do even worse when they get noticed on IHUB and a board is created for them.
Pretty remarkable really.
Nov 12, 2012 (GlobeNewswire via COMTEX) -- National Interstate Corporation NATL +1.64% announced that its Board of Directors has declared a quarterly dividend of $0.10 per share as well as an additional one-time special dividend of $2.00 per share. The combined dividend amount of $2.10 per share will be payable on December 10, 2012 to shareholders of record of the Company's common stock as of the close of business on November 26, 2012.
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I have done extensive research on numerous companies that pay dividends, but i know if everyone here at IHUB posts stocks or mutual funds that pays outrageous dividends, then we can all save tons of time and energy doing it ourselves.
I will post links to all that are worthy here in the IBOX.
thank you in advance to all that participate.
please post the highest % yielding dividend stocks that you can find.
Explanation of Dividend Dates
Ex-dividend: To receive a declared dividend the shares must be purchased before the ex-dividend date. If you buy on or after ex-dividend date you are not entitled to receive the current dividend.
Record date: The record date is the date by which an investor must be registered as a shareholder to be entitled to a dividend.
Payment date: The date of which the dividend is paid out.
You can sell the stock on the ex-dividend date of and still get the dividend but you would not make any money. Every time a dividend is paid, the closing price on the day before the ex-dividend is adjusted downward by the dividend amount.
-----------------------------------------------------------------
(Stock Dividend section)
Sometimes a company pays a dividend in the form of stock rather than cash. The stock dividend may be additional shares in the company or in a subsidiary being spun off. The procedures for stock dividends may be different from cash dividends. The ex-dividend date is set the first business day after the stock dividend is paid (and is also after the record date).
If you sell your stock before the ex-dividend date, you also are selling away your right to the stock dividend. Your sale includes an obligation to deliver any shares acquired as a result of the dividend to the buyer of your shares, since the seller will receive an I.O.U. or "due bill" from his or her broker for the additional shares. Thus, it is important to remember that the day you can sell your shares without being obligated to deliver the additional shares is not the first business day after the record date, but usually is the first business day after the stock dividend is paid,
http://www.nasdaq.com/about/FAQsMarketIntegrity.stm
TAX info
Dividends are taxed either as ordinary income or as qualified dividends. A qualified dividend is a dividend on which the issuing company has already paid tax. The dividend is then taxed again on the shareholder's tax return, but at a lower qualified dividend tax rate. The tax rate on qualified dividends is 5% or 15% (depending on the individual's income tax rate). If the individual has a regular income tax rate of 25% or higher, then the qualified dividend tax rate is 15%. If the individual's income tax rate is less than 25%, then qualified dividends are taxed at the 5% rate.
Ordinary and qualified dividends are reported on Form 1099-DIV. All dividends paid will be reported as ordinary dividends on Form 1099-DIV box 1a. Some or all of these ordinary dividends may be qualified dividends. Qualified dividends are reported on Form 1099-DIV box 1b.
Dividends are reported on Form 1040 Schedule B and Form 1040 lines 9a and 9b
Link to daily dividend news http://www.primenewswire.com/newsroom/keyword.html?kw=DIVIDEND
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Summary / Websight
http://finance.yahoo.com/q?s=fro http://www.frontline.bm/
http://finance.yahoo.com/q?s=nat http://www.nat.bm/
http://finance.yahoo.com/q/pr?s=DOM http://www.dom-dominionblackwarriortrust.com/
http://finance.yahoo.com/q?s=dsx http://www.dianashippinginc.com/web/default.fds
http://finance.yahoo.com/q?s=fgp http://www.ferrellgas.com/
http://finance.yahoo.com/q?s=grt http://www.glimcher.com/
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