Author: Kevin Bae
-
Fed’s moves continue to harm community banks
One size fits all approach to anything saves some but kills others. So goes the Federal Reserve’s policy of continually raising interest rates in an effort to curb inflation. While the “too big to fail” banks get plenty of help from the federal government small institutions struggle to compete. Hopefully the fed can slow down…
-
Bank OZK $OZK raises dividend by 2.9%
Bank OZK (the “Bank”) (Nasdaq: OZK) announced its Board of Directors declared a quarterly cash dividend on the Bank’s common stock of $0.36 per share, up $0.01, or 2.86% from the prior quarter. The common stock dividend is payable on July 21, 2023 to shareholders of record as of July 14, 2023. Bank OZK has increased its quarterly cash dividend on its common stock…
-
John Wiley & Sons raises dividend for 30th consecutive year
Wiley(NYSE: WLY and WLYB), a global knowledge company and a leader in research, publishing, and knowledge solutions, today announced that its Board of Directors has declared a quarterly cash dividend of $0.3500 per share on its Class A and Class B Common Stock, payable on July 20, 2023, to shareholders of record on July 6,…
-
3M’s problems moves me to sell
3M hit the news this week with a $12.5 billion settlement over “forever chemicals” from lawsuits brought by cities regarding their drinking water. Not included in the settlement are other claims from states, the federal government, and others regarding personal injury, property damage, and cleanup costs. No one knows where all this is going to…
-
3M $MMM agrees to $12.5 billion “forever chemical” settlement
The tentative national class-action settlement in a landmark environmental fight involving PFAS chemicals in firefighting foam was reached Thursday. 3M will pay between $10.5 billion and $12.5 billion, and the settlement will cover public water systems across the U.S., plaintiffs’ attorneys said. If completed, it would be among other major settlements involving litigation over products deemed to…
-
John Wiley & Sons (WLY) in transition
Over 80% of the over 200 year old company’s revenue comes from digital platforms. It’s legacy print business is becoming a drag on its bottom line as college enrollment has yet to recover post-pandemic. Furthermore, today’s tight labor market has people questioning the value of a college education when wages in trades now compete with…